Bitcoin ETF Dreams are Fantasies for Now; But Does It Matter for BTC?

Throughout 2019 many investors and analysts alike have been looking towards the approval of a Bitcoin (BTC) exchange traded fund (ETF) as a potential catalyst that could spark significantly further gains for the cryptocurrency.
Yesterday, however, the ETF application that many within the crypto community had been looking towards as the most likely to garner the SEC’s favor was withdrawn by the applicant, signaling that there will not be any Bitcoin ETF in the US for the foreseeable future.