What happens if a bitcoin spot ETF is rejected?
Could you please elaborate on the potential consequences if a Bitcoin spot ETF application is rejected? What impact would this rejection have on the cryptocurrency market? Would investors lose confidence in Bitcoin as a result? Would it affect the overall sentiment towards digital assets? Additionally, how might this rejection influence the regulatory landscape for cryptocurrencies in the future? Could it potentially delay the approval of similar ETFs or result in stricter regulations? It would be helpful to understand the broader implications of such a rejection.