Obviously everyone is jumping on the bandwagon about the ETF and we have heard a lot of media saying that it will bring institutional money in the market and could probably end this bear market.
That could very well be. I have a feeling that there are a lot of people with very deep pockets who don't want to own on a computer/phone, in a wallet--the way most of us do. They would be more comfortable buying something like an ETF that's listed on a stock exchange, which would make their investment much easier to sell. That makes sense to me.
And yeah, I'm tired of hearing about the ETF too. I wish they'd either piss or get off the pot, but I'm hoping it actually does get approved. My guess is that it would have a positive effect on price, but I wouldn't bet my house on it.
I thought everyone had already moved on from this ETF stuff. I'd stopped hearing about it completely before seeing this thread.
I think the market's already priced in a rejection anyway; there's no rumor to buy and the ETF hype is dead after all the rejections and delays. We're still waiting until February now, right?
As far as what it would do for price......it's a good reason for a pump but that's all. The existence of an ETF doesn't fundamentally create new demand. The question is whether investors are really waiting for an ETF to invest in BTC. That sounds a bit farfetched.