You Simply explained the whole concept of ETF! Awesome stuff.
In my opinion, this time because of Blackrock and much time (2024) it could get approved that spot ETF.
Since, Gary Gensler is already doing worse and might lose his job (who knows)... SEC might change their way of handling these stuff.
Well, so far this has made another echo in market and feels like bull run is upon us.
Yes the previous time we were expecting an etf we got to 67K