So will there never be an SEC approved bitcoin ETF?
I think they want to see regulated exchanges / brokers -- and especially regulated U.S. exchanges / brokers -- possess more of the market's trading volumes. They've stated that the underlying market is under-regulated and prone to manipulation.
I don't see that position changing until the underlying market structure changes and/or regulated U.S. venues pick up volume.
My hope is on the application which will be ono September end. Hopefully it will be accepted and the market will again start to fly as usual. Hopefully.
"As usual?" There are bear markets too, you know!
