In a nutshell, the application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
Friday, August 10th is the day the SEC will announce if they will approve the Bitcoin ETF from CBOE or not, so mark your calendars people because this is gonna be HUGE.
Please visit on Cboe BZX Rulemaking (https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm)