Owing to the rejection of a bitcoin ETF lisitng by the United States SEC and COMEX's announcement that it will not be listing new cryptocurrency futures in the near term, I agree that the resultant market overhang will keep a lid on Steem's price.
However, given the amount of dedication to develop Steem's backend infrastructure and constant attempts to innovate and improve the Steemit platform, it augurs well for the long term price of Steem.
I think ETF’s will get approved in the future...possibly by September. I agree Steem has a bright longterm future.