As of the current moment, both 21Shares and VanEck have presented their ETF documents to the CBOE exchange. The submission of these forms has not had any impact on the price in relation to the duration of the application period. Prior to any speculation of rejection on the initial decision date causing significant declines, it is possible that we may observe the influence of the ETF news on the price. The potential risk of a downward break is situated at $116, and if the price closes below this level, it could result in drops to the $100 and $80 thresholds.
