Now I read the decision will be on the 13.
http://www.newsbtc.com/2017/03/06/psa-bitcoin-etf-decision-will-occur-march-13-not-march-11/
Yeah, March 11th fell on a Saturday so they had to move it to the working day after it, a Monday.http://www.newsbtc.com/2017/03/06/psa-bitcoin-etf-decision-will-occur-march-13-not-march-11/
Obviously I hope it'll be approved, but I think it'll be rejected. Bitcoin is still very volatile, as it's even shown leading up to the ETF and I'm not sure they'd want to approve it right now with something so unusual unless it was at least a fair bit more established.
It'll be approved. If it was to be rejected the winks would've already withdrawn their proposal.
Why would have withdrawn their proposal? It would just go into the next month and this would repeat until it will be approved.
They cannot wait. This is final for Winklevoss. If approved they will get their ETF, if denied they have to look at the reason why and make a new proposal. If nothing is said it is equal to a yes. There are 2 ETF waiting after Winklevoss, if they get denied they can modify their proposals and expedite their approval.
If the reason for the denial is beyond the ETF control, like BTC limitations on block size, only the miners can make the changes needed to get an ETF. So there's a lot in the air.