In the event that the process is not concluded within the designated timeframe, it is plausible that VanEck and Ark Invest might retract their applications (potentially followed by Grayscale, who is currently awaiting a decision on May 30) and subsequently reapply at a later date. When juxtaposed with Bitcoin, the approval of an Exchange-Traded Fund (ETF) at this particular stage carries a greater degree of uncertainty. Investors should not anticipate an unequivocal endorsement in the imminent hours, and the possibility of letdowns could potentially trigger adverse oscillations in market prices.
