The article discusses the potential delays in the decision by the U.S. Securities and Exchange Commission (SEC) regarding Ark Invest’s Bitcoin Exchange-Traded Fund (ETF). Analyst Alex Kruger suggests that regardless of the SEC’s response, it will not significantly impact Bitcoin’s price trajectory. The SEC has previously approved Bitcoin futures ETFs but has been against Bitcoin spot ETFs. There is speculation about the potential approval of multiple Bitcoin spot ETFs in the future. Kruger’s perspective adds complexity to the ongoing conversation about the influence of regulatory decisions on the cryptocurrency market.
AI Sentiment: Neutral
