Hope this good news will add positive trading volume to all cryptocurrency, The Securities and Exchange Commission (SEC) has set a late October deadline to begin reviewing proposed rule changes that would allow several regulated exchange operators to list bitcoin ETF products on their trading platforms.
source of this news
https://www.ccn.com/resurrection-sec-to-begin-reviewing-9-rejected-bitcoin-etfs/I'm sorry but I don't think it will bring any impact on the current price. Its just a review and nothing more. They have rejected everyone so I'm sure that we will get the same results here. I'm not against any ETF, it has both advantage and disadvantages, however, those who are in line for review is no different from each other, it still doesn't answer the universal question that SEC has been asking for "how can they prevent the market from being manipulated?
Although it is just a review as you said, but what I think is smallest of a thing has to have an impact on the market rates of the crypto coins. Crypto coins are very volatile and fluctuate with due to any FUD that is being created in the market.
Better they allow some to pass. It is funny that Bitcoin future is trading but no ETF allowed, it should be the opposite, to allow ETF first before the future.
Kinda weird it is, what I think! Allowing opposite ETF first and then future, doesn't sound reasonably logical!!