Important factor is that it concerns NYSE, which will increase the chances of an approval immensely.
Might be, but I am still not convinced. It would be pretty weird for the SEC to first have rejected the previous ETF's, and now suddenly grant NYSE an exclusive approval to be the first official Bitcoin ETF. If it comes through, then it's a great achievement, but given their stance on things, I think the chances for a rejection are higher than the chances of an opposite result. Other than that, I believe that at some point in the future we'll see all kinds of financial parties offer these products, which will only open the doors to institutions even further. At first we still have to wait to see how the future markets will impact our market, which will likely require months of patience.
