I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?
BTC ETF is a great investment fund if the SEC accepts execution. ETF is a very good investment fund and it will usually grow every year. It will prevent the manipulation a lot. But the SEC said they would not cooperate because they disagreed with the way the market operates.