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Bodes well in what context? Do you mean for the ETF to be approved?

Yes. At least for the SEC and their inclination towards speculative assets, or things of that sort.

I am not sure. I could see the SEC approving by September 30th, but I could also see them pushing it all the way out into the March-May 2019 time frame. Either way it is only a matter of time, and that is bullish.