The ETF approval is something we essentially need. ETF is like a security and a system like Bitcoin or any other altcoins really need ETF. So, in one word it's actually like Bitcoin and Altcoins are nothing without ETF , the community badly needs the ETF approval.
More dumb claims from clueless noobs. How in the fuck is the ETF giving any security to Bitcoin? how is Bitcoin nothing ETF?
The ETF is just a way for investors to filter in more USD into Bitcoin. It raises the price, but it's completely irrelevant for it's security, system, or anything technical. The people that use the ETF aren't even relevant, they don't hold BTC which is all that matters.
Would it be nice to pump the USD price? I guess so, there is always a nice dopamine rush when it pumps, but fundamentals wise it is pretty irrelevant as far as Bitcoin is concerned. All that matters is the asset being held or moved itself, not government issued options.