but if it is rejected, won't it have a pretty nasty impact on the market?
last one that got rejected was from Winklevoss brothers and that was hyped up and price fell a little, there was no "nasty impact" and that drop was mainly because the FUD was telling people ETF was rejected completely and it is is the end of the world
this new one is not even heard of. its rejection shouldn't even be heard. not to mention that people are starting to be convinced that ETFs are never going to be approved by SEC. and i think this upcoming rejection is a good thing because it will make more people believe ALL of them will be rejected soon.
yeah after a rejection it will get less and less impact just like the china FUD nothing has a real impact on BTC it are just tools to get the price lower