As pointed out by u/rybeor here

I'm under the assumption , that a American ETF could not possibly be accepted if China was faking 98{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of all volume. A honest and transparent network of exchanges (for the SEC) would be the only way to validate that no under-hand wash trading was taking place.

What do you think?

Edit – user