I wonder how swayed the SEC will be when everyone they share a line or two of ketamine with badgers them about doing something about an ETF. Give it another few years and they probably won't be hearing much else.
I wonder if they have an unwritten checklist to tick off before moving forward. Elsewhere there are an increasing number of options. By the time they ever do grind one out I expect it will have been routed around long before anyway so won't be the huge deal some expect.