It definitely contributues, but in the end, I strongly believe that even if you present the SEC a bullet proof ETF, they will still reject it because they might not want to contribute to even more power for Bitcoin.
Exactly, I really don't think that they will approved it even such strong cases has been presented to them. So for me, its doesn't really matter if they extended it to next year, it will be likely rejected. I'm really getting tired of this play, and perhaps no one will care about their decision at the long run. Just look at the current price, seems that the market has been relieved from all this drama play, they responded with a nice price hike today.