I bet the SEC watch this kind of crap and sit pretty happily back, knowing that a ETF should not be investing in Bitcoin.
I mentioned 2 days ago that is was very bubbly, now nearly $1000 lower, I think we can say it was pretty bubbly.
I don't rule anything out, it might be back at $2700 tomorrow, but this volatility is joke. It can't be classed as a serious investment, we can have fun with it, but 40% falls in a few hours without any real reason, that isn't a serious investment.