I have no idea what Gensler & Co. will decide but until this article had not seen the possibility of "nothing done" raised anywhere.
From The Block, January 3:
- Matrixport analyst Markus Thielen said the Securities and Exchange Commission will likely reject all bitcoin spot ETF proposals this month.
- Thielen argued the applications still fall short of a critical requirement that must be met before the SEC can approve them.
In contrast to broad market consensus, Matrixport analyst Markus Thielen anticipates that the Securities and Exchange Commission will decline all bitcoin spot ETF proposals in January....
....MUCH MORE