Ultimately, the impact of the rejection of the ETF filings will depend on how the crypto market reacts. If investors continue to sell off their Bitcoin holdings, the price of Bitcoin could fall even further.
However, if investors start to see the rejection as a buying opportunity, the price of Bitcoin could rebound. It is important to note that the rejection of the ETF filings is not the only factor that is affecting the price of Bitcoin. Other factors, such as rising inflation and ongoing geopolitical uncertainty, are also playing a role.
It is therefore difficult to say definitively whether the rejection of the ETF filings is a good or bad news for Bitcoin. Only time will tell how the market will react in the long run.
