In the event that the process is not concluded promptly, there is a possibility that VanEck and Ark Invest will retract their applications, and there is also a chance that Grayscale, which is currently awaiting a decision on May 30, may follow suit and reapply at a later time. When compared to BTC, the approval of the ETF at this particular stage carries a greater level of uncertainty. Investors should not anticipate a definite approval within the next few hours, and any potential letdowns could result in adverse price fluctuations.
