As of the time of composing this article, both 21Shares and VanEck have recently filed ETF applications with the CBOE exchange. These actions have not had any impact on the price and the application process is still ongoing. Prior to any speculation about the rejection of the initial decision, which could potentially cause significant declines, it is worth noting the potential influence of the ETF news on the price. It is important to be aware that there is a risk of a potential downward break at the $116 mark, and if the price falls below this level, it could result in further drops to $100 and $80 levels.
