Interesting.
Not really.
However as the current ETF has already been rejected I think this one will probably be rejected as well.
This ETF will have zero chances of getting approved due to the reasons the Winklevoss ETF was rejected. In that regard, there is nothing interesting to about this. It's a non event, really.
And also the ETF turned out to not have that much of an impact on the BTC price anyways after the rejection, so there will be less speculation this time round.
If people are fully realistic, then it won't have any impact on the market. Another thing that helps is that this ETF isn't being fully jumped on by people as was the case with the Winklevoss ETF. No hype is no market sensation. I even doubt that the majority of the people know about this ETF.