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?
I don't really see an ETF being officially approved before 2019, perhaps even 2020 or even 2021. These bureaucratic things take ages, which is why I don't really care about the ETF, I can't really take this seriously, I mean, if it's not actual bitcoins traded it's a bit of a joke to me but whatever. I cannot negate that it will have an impact on the price (a positive one).
At the same time we have BAKKT around the corner, which basically does the same thing as ETF as far as im concerned, without the endless queue for approval on SEC's side. I can't wait to see what it does to the price, I think it was coming this November. If it pumps Tone Vays and other shorts may get rekt bigly.