If The Bitcoin ETF Is Rejected By The Regulators, This Will Happen!

JPMorgan predicts it is likely to be bad related to Bitcoin ETF. (Photo; Doc BTC Echo)

JAKARTA - Recently, Bitcoin ETF has been increasingly reported as a trigger for Bitcoin's price increase and crypto market recovery. US regulators such as the Securities and Exchange Commission (SEC) are reportedly still reviewing proposals for Bitcoin ETF submissions from various leading financial companies in the world, one of which is BlackRock. However, what would happen if Bitcoin ETF submissions were not approved by the SEC? JPMorgan, a giant financial institution led by analyst Nikolaos Panigirtzoglou, released a report on the development of the Bitcoin Exchange-Trad Fund (ETF). This report highlights the possible legal impact if the United States Securities and Exchange Commission (SEC) rejects the exchange-traded Bitcoin ETF. This could lead the SEC to deal with more lawsuits.

Panigirtzoglou also said that although the rejection was uncertain, the potential for rejection still existed. The SEC certainly wants to avoid legal conflicts related to the approval of the Bitcoin spot ETF.

JPMorgan estimates that some Bitcoin spot ETFs could be approved in the next few months. This is based on discussions between asset managers and the SEC. This process includes technical preparation and revision of applications that resolve issues such as market manipulation and customer fund mixing.

One of the main factors in the increase in Bitcoin prices is demand from institutions. Bitcoin prices have risen by nearly 20% in the past week. JPMorgan's analysis shows that demand from institutions is driving this increase.

Data from the Futures CME Bitcoin, which is in demand by institutional investors, also supports this trend. However, Ethereum's future position on CME is not that enthusiastic. In addition, Bitcoin's transfer to large wallets is rising sharply, signaling high demand from institutions.

Bitcoin ETF is an instrument that makes it easier for investors to access Bitcoin in a more regular way. This is important news in the crypto industry because it can attract more institutional participation, which could impact the price and adoption of this cryptocurrency. We will continue to follow the development of the Bitcoin ETF approval and its impact on the crypto market.