Hi there,
Market did not react heavily to the ETF denial as it seems. Market cap keeps increasing after hitting 203.000.000.000 USD. ETF denial was expected but, market showed a mini crash anyway. It is good to see that market recovers very fast.
We have a bigger ETF proposal of CBOE to be evaluated by SEC in September. I am not optimistic about the outcome since, SEC give reasons of denial for todays' decision as the markets manipulative nature. Market situation will be the same next month so ETF denial would not surprise me.
Kind regards,