After many failed attempts, the SEC has said it will issue a decision on the Winklevoss Bitcoin Trust by March 11th. Some estimates have the decision being released on the following Monday. BitMEX recently launched a futures contract that allows investors to bet on the odds that the Winklevoss ETF will be approved. The contract listed on BitMex is a binary option that either settles at 100 if the ETF is approved or 0 if it is not. With the contract currently trading at 49.77, the market estimates there is about an even chance of approval/rejection.
If Winklevoss ETF is approved, it could mean that a few hundred million US dollars could flow into a mainstream bitcoin vehicle, this would make a big impact on the price for bitcoin.
