That ARK is either way going to get screwed.
BlackRock will have its chance by October 17th, if this one gets delayed the rest will just be again trashed, if it gets a positive nod then ARK will have to wait in the shadows till November 11th despite being like what, two years earlier to this circus of delays and promises? Cathie Woods is probably at the end of her nerves with this, if Baclkrock gets in first it will completely eclipse everyone else.
For 'the bad" thing, are we still cheering for Wall Street money or do we go by the not your keys, not your coins?
Depending on how you look at it it's both good and bad at the same time, the profits will be there, and the idealistic world is probably on its deathbed, after all, it's all about what you want from Bitcoin, it's a bunch of code, you use it as you see fit or you just stop it and look for something else.
China was banning Bitcoin, the real deal, the SEC is deciding on IOU pieces of paper that might be backed by Bitcoin.