I think it could be done within a few days after Gemini is becoming a trust company - they had more than 2 years to prepare the ETF. Not sure if that's in 2015, but it could be.
There is no way the SEC is gonna let it pass using the last S-1A
There is a 90% chance they will submit another S-1A and remove exchanges like btc-e, mtgox, etc. They will replace all the foreign bitcoin companies and resources with things like Gemini, Coinbase Exchange, itBit and other regulated infastructure.
Then the SEC will review it again.
That sounds like the smart option but are you sure they must do this because if so then it could be another year before we see the etf launched.
yes I am very sure. The old S-1A has nothing in it about Gemini. They have to file a new S-1A. The reason their last S-1A was so long ago is because they are waiting to get all their ducks lined up, then submit one final S-1A with everything in it.
If I had to take a guess, it's 6-12 months away after/if their Gemini charter gets approved
note: I am not a legal expert, not giving legal advice, and I am not dealing with this ETF in any way. I am just giving my opinions.