There are 9 different ETF's to be decided in next two months. People are afraid of this uncertainty which isn't disappearing else this is best buy point. Majority of people know this is temporary phase and will be over but when this is the question. People are not willing to hold for longer time that's why careful attitude is being seen.
Where do all these ETF proposals come from? And one thing is for sure: they must differ in quality I guess. Maybe we'll know more what exactly the SEC wants within the next two months as you say.