I think it is pretty much a matter of time before the SEC approves an ETF. It is a matter of which organization is able to come up with appropriate tools for surveillance, monitoring, and the ability to create liquidity.
Kind of a conservative article on the price of bitcoin, good to read though. The analyst has a target in the $10k-$15k range, not bad, but not as bullish as I've seen. I do like what he says about an etf getting approved, just a matter of time. My opinion, when an etf gets approved bitcoin goes over $15k....
Read the full story here...
https://bitcoinist.com/bitcoin-is-in-the-midst-of-a-second-wave-rally-says-tech-investor/