The regulatory process is normally a dry affair: Corporate executives ask their lawyers to file paperwork and then sit around until an agency makes a decision. But in the case of pending applications for a Bitcoin ETF, crypto nerds are sharing any detail—real or imagined—with an obsession reminiscent of Swifties tracking the progress of the Taylor-Travis courtship.
This fixation has only increased in the new year even though very little has happened in the last week when it comes to the Bitcoin ETF applications. But that hasn't stopped crypto bulls from gushing that an SEC approval will cause prices to go gangbusters, or others to opine that any price boost from an approval is already baked in. No one really knows for sure, but the crypto world has been happy to fill the information void with speculation, rumors, and conspiracies.
