Hopefully ETF approval issues will resolve and give a good result for crypto.
Nope I don't think ETF will be approved at this time since there are so many issue need to cover up by the bitcoins and crypto space and government will found it as a ground for them on not to approve any ETF submission. So maybe we can still experience the bear at this point and hopefully next year will be different story and we could see the bull run coming.
But I think that the ETF has to buy the BTC (not like the CBOE) and like you said they are here for making money.. so they have to enter the market and buy Bitcoin if that's true this will be the new bottom because they will push BTC to higher levels