Current situation seems awfully similar to hype before previous project of Winklevoss - Gemini was announced.
People were saying back then - after Geminin will go live it will dominate market and price of BTC will skyrocket for sure.
And we all know what happened. Gemini is online and I personally don't know anyone who used it. Also it had zero impact on bitcoin price.
Gemini's volume was pathetic to begin with, but it's now at 6th place, above bitstamp and bitfinex. I had written it off as a failure, but it's taking off now. I had also written the ETF off as a failure, but might be wrong about that too. It could take a long time, but turn out to be successful.
