In the event that the process is not concluded promptly, it is possible that VanEck and Ark Invest will retract their applications (and potentially Grayscale, which is currently awaiting a decision on May 30) and resubmit them at a later time. When compared to BTC, the approval of the ETF at this particular stage carries greater unpredictability. Investors should not anticipate a definitive approval within the next few hours, and the possibility of disappointment could result in adverse price fluctuations.
