I don't know why, but we're not ready for ETFs yet. look at the ICO market, it almost all consists of a bench. And look at their product? Almost every one of them is a test. I'm not talking about those projects that promise to implement in the distant future. The approval of the ETF will result in the flow of money with which honest the developers will not do it, and it will take advantage of crooks
Exactly, US has already made some regulations regarding ICO and excluded BTC and ETH from security. The worse thing is that SEC didn't come with any reason to reject them.
as far as i know bitcoin has never been considered a "security" by the US government to now want to change. it was considered a "commodity" and as for ETH they never defined it because they couldn't define a premined platform.
i also would love to see the link to where they made regulations regarding ICO because i have not seen any yet.