Probably the odds of an ETF approval any time soon, in the coming months or even this year are pretty low.
It seems that the hands of the SEC is going to need to be forced before approval takes place, and if there is some kind of feeling that they are being forced, even by potential competition of some other jurisdiction getting "in" first, then under those circumstances they might approve an ETF.
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IMO the last thing BTC needs is an ETF. If and when it comes it could be the end of the bull run, like the futures in 2017. Better to keep the uncertainty going for as long as possible.
The trend is becoming better established now . The recent test of 6200 was a positive sign, as I predicted here :
https://bitcointalk.org/index.php?topic=178336.msg51004585#msg51004585 I guess that I was attempting to make a descriptive rather than a prescriptive statement, yet I agree with you that this might NOT exactly be good timing for an ETF... yet, what does it matter what any of us think about what is good or not good for bitcoin.
Part of the building upon decentralized is that anyone can build anything that they want, including if some folks believe that an ETF would be good for themselves or whatever. In other words, an ETF is likely to come sooner or later and it might not be easy, exactly, to know when it will come - even though my current senses are that no kind of ETF rolling out or approval is "imminent" in the coming months, and I would actually be surprised if any kind of meaningful ETF came to bitcoin any time before late 2020.... but you never know.. including the fact that sometimes rogue actors might believe that expediting an ETF might work to their own interest - whether or not it is good for bitcoin.
Regarding the dip to $6,200 on Bitstamp.. yes I would agree that technically the BTC price dipped down to $6,178 on Bitstamp, but surely that was a spike of only a few minutes and not even reflected on various other exchanges, so in that regard, the true overall dip of this particular correction would be more accurately measured as $6,880-ish .. but yeah, technically you are correct about $6,200 being the correction dip even though that was a weird kind of aberration of an effervescent flash crash
(I know, I know, my hyperbole).