what it actually means
there is no ability anymore for SEC to just decline without reason anymore.. (the courts sorted that out due to the grayscale case,
however they can deny ETF that dont meet the criteria
Hmm, I do realize this but still, what I'm trying to say is they've cleared their position but still they haven't approved it, which directly indicates they just want to delay the time to endorse some of their terms & conditions.
out of the 12 not all of them do. so some can be denied
the november 17th event was not a deadline to announce any approvals
it was a date of communication with some etf's applicants where the SEC gave some advice to some etf applicants about some obvious issues the SEC found
Hmm, the 17th was not a deadline I know that but it was highly expected that maybe all of ETFs were going to be approved once, it was unreal but still there was decent hype. Some can be denied but after a denial, they can fill out the application again on the same model as the approved one did.