Great article. Thanks. I can’t see this passing. The risks to ordinary retail investors seem way too high, so what incentive is there for the SEC to approve it now? As you say, wait a year or so, and things could be quite different.
One question. The date scheduled for the ETF announcement is March 11th. That’s a Saturday i.e. the weekend. Do you know if the announcement will actually be on Saturday — or is it more likely to be Friday, the day before, or the Monday after?