The recent settlement between the Department of Justice (DOJ) and Binance, as well as the removal of Binance’s CEO, has caused a re-evaluation of the bullish narrative surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). While some see this as an opportunity for regulators to focus on approving the first US spot Bitcoin ETF, not everyone believes that there will be an immediate parabolic reaction in BTC prices post-approval. Bitcoin Jack, a popular trader, doubts that BTC/USD will reach $42,000 and suggests that $30,000 could still come back into play. On the other hand, Samson Mow, CEO of Bitcoin adoption firm Jan3, believes that Bitcoin could hit $1,000,000 per coin following ETF approval. Coinbase predicts that final regulatory approval for a Bitcoin ETF could be a game-changer for the wealth management sector, attracting billions of dollars in institutional inflows. They see the ETF as an opportunity to attract investors who typically rely on ETFs for unique investment strategies.