Nothing much is known about this new altcoin (i.e. alternative cryptocurrency) except that it just started on 1st Jan 2017, and is less than 2 months old.
They claim to be based on Litecoin, but their website does not offer any further information on the use, technology, security and as far as I can see, it does not bring anything new to the industry (unlike for example , Etheruem with it smart contracts, Monero with its zero knowledge concept, etc.).
Also, they claim to be mining-free, but 1 million coins are created every single day, with a halving duration of 50 days (don't ask me how these coins are created without mining, or who creates them).
Furthermore, there is a thread on Bitcointalk where some forummers have already alerted that the founders are the same scammers from the infamous Bitkingdom saga.

Read about it here:
https://bitcointalk.org/index.php?topic=1731787.0

At the moment, it is not known if they are legit or not, but personally, until more information is released, I would put them on high SCAM alert.
Too many useless and pointless altcoins are being created everyday, with the sole purpose of scamming the naïve population eager to jump on board the cryptocurrency bandwagon.

I just managed to sell 0.10 BTC at RM560.44 net off.. Ads was just placed and immediately "eaten" by buyer.... lol

You need to take your emotions out of the investment equation (I know, easier said than done, I am guilty of it as well).
One of the most dangerous games you can play during investing, is to try and time the market.
Whether the ETF will be approved or not, is anyone's guess at the moment.
By the way, we might not know by Friday, since the deadline is 11th March (Saturday), the SEC may decide to announce the decision on Saturday night, or even delay till Monday.
We shall see.