How likely is Bitcoin ETF approval? Friday will bring the answer but what will it be?

March 11 has for weeks been in the focus of Bitcoin community as the US Securities and Exchange Commission's (SEC) decision on the Bitcoin exchange-traded fund (ETF) is scheduled for that day. Though, because the 11th falls on a Saturday, that decision will likely come tomorrow. But what will it be, and will Bitcoin ETF be approved?

As CoinTelegraph wrote yesterday, around 72 percent of the public is in favor of the Bitcoin ETF approval so far. The other 28 percent have cited some of the issues the Bitcoin network is dealing with, but in consideration of the state of the Bitcoin network as of current, the problems mentioned by ETF opposers aren’t necessarily urgent issues which the SEC should consider for the ETF approval.

Will a Bitcoin ETF be approved by the SEC?
Predict at: https://fairlay.com/market/will-a-bitcoin-etf-be-approved-by-the-sec-by-may-1-2017/.

One of the issues that were frequently brought up by the ETF opposers was the fear of hard fork. Some of the public comments included concerns over the execution of a potential hard fork and the occurrence of a split chain. A split in the chain could lead to the creation of another fork of bitcoin and essentially create two currencies, the 28 percent of the public stated that a Bitcoin ETF isn’t ready to be introduced to the public.

Still, at Fairlay market Bitcoin ETF Approaval is given an only 41 percent at the moment, as traders are already preparing for the storm. So, the SEC doesn’t benefit from the approval of the Bitcoin ETF as the SEC isn’t incentivized for the performance of the ETF but it will surely change the Bitcoin price a lot. In which way, up or down?