Right you are! But SEC is going to reject it as well knowing that physical bitcoins will be bought for that ETF. How can SEC let fiat money coming to bitcoin market? That will not serve their purpose of blowing us dry! So they will keep delaying the proposals until they win over the newbie emotions. That's a badass game. Market had reacted to their decisions earlier and there's no sign that it will not react again! One thing we need to understand that, we don't need them, instead they need us! Also all of these proposed ETFs are build for institutional investors and not for common people like us!
This is something else, your theory is that SEC is refuses BTC ETFs for reasons to prevent fiat flow in crypto market? But each of these investors who may invest in BTC through ETF, can do it today in other ways. Also I do not see any greater effect of ETFs on BTC price, it still hold above 6000$ and it is like that for long time. On first rumors about ETF price has risen to 8000$, but only for short time - for me whales manipulate with price and make some profits. Same as yesterday 400$ up and shortly down after that, pure manipulation.
I agree that we do not need them, but there is also no way to stop them to one day BTC ETF become live. It may be in few months, or maybe in few years, some say they will never allow something like ETF for BTC.
