that would be the first time in history of bitcoin that a sideways lasts that long. which is why i am highly skeptical of it even being possible. as for ETF news, nobody cares anymore! at this point after what seems like a thousand rejections if SEC does anything different we should be surprised
The reason why i think this is important news is because this is not the SEC rejecting the VanEck-SolidX ETF proposal,
this is actually VanEck-SolidX withdrawing their own ETF proposal. The first time they did this it made sense (US government
was on lockdown and they were worried their proposal would receive an automatic rejection because of this).
This second withdrawel of theirs makes zero sense, its like they just gave up on ETF alltogether.
There are still 2 other ETF proposals up for evaluation by the SEC i think, lets hope for Bitcoin's sake they dont get withdrawn as well,
because the current price range ($9000-$10,000) is largely based on exspectations of ETF approval (Bitcoin's halving is still too far away
and Lightning Network is nowhere near ready).