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It might be a while for an ETF to be approved, so we will need another catalyst.

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The market is being toyed around with by some people who actually got something to lose. Physically settled futures and ETFs are pretty much the only thing that will be able to stop that.

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Not sure it would be the the only thing that would stop it, but I do agree that a physically settled ETF would drastically change the investing landscape. New and big money would enter the space guaranteed.