Expecting so because the market will start to recover when we hear any positive news about the ETF. Right now there are much negative news in the market which we cannot able guess when we can see the green market continuously.
I really would not want to say the ETF may really affect much as it has not been affecting so much anyway, even though people tend to tie the last move with the SEC decision, but I feel that was just a normal move and coincidence anyway as the market already looks bearish before then.
I would not be surprised if we get to see ETF postponing the approval decision, but I believe the market irrespective, will move as it is willing to move which from the look of things is really ready for some pretty big move but in general, only time will tell. In the long run though, I believe ETF approval will bring about some more money into the market, but notwithstanding, the market would still have grown without it eventually.