that's right, ETFs are not needed in bitcoin, the movement and use of bitcoins should not have limits or ETFs, programs like this ETF will not be suitable for bitcoin.
I can't picture it out on what's the full effect of it once it's implemented but I'm all basing with the past events which we don't care about ETF. The market survived and did pretty well even having no ETF but people starts to like it and rumors gave that effect so there's or there's none, I'm okay with any of them.
people said it many times,but the fact now only ETF approval that could attract investors comeback to cryptocurrency market and buying bitcoin.in any forum or group we heard this, they need ETF to add their confidence and comfortable investing in crypto.and dont forget the highest ever marketcap on cryptocurrency market was supported by institutional investors.they could back to market if ETF already approved.
If that will add the confidence to the investors, let's just wish for the best to bitcoin. We will have the halving soon and I'm more hyped with the result of it than ETF.