The ETF isn't that important. At worst we might be testing newer lows between $5000 and $6000 but nothing more than that. If people say they think the price will fall to $1000 they are delusional.

While others are panicking I have bought myself some smaller bits around $6400 some moments ago. It boggles my mind how people still don't understand that corrections are a blessing instead of a negative event.

The real market test will follow directly after an actual rejection. If I'm not mistaken (correct me if I'm wrong) the SEC has still one more opportunity to postpone the ETF before actually approving or rejecting it.

In all cases we will for sure know the outcome this year.