What do you think about this month's news about ETF whether it is optomical or pessimistic? if it is approved is it safe to invest? and if it's rejected what you think?
I'm pretty sure it'll be delayed or rejected. Both outcomes would probably have a similar negative effect on the market.
As I understand, the physically-backed structure is similar to the proposed Winklevoss ETF which was also recently rejected by the SEC. Their statement at that time seemed like a pretty sweeping condemnation of the underlying market, which they paint as easily manipulated. I don't see why their opinion would have changed over the last two months. Nothing has changed.