First of all throw away all TA you have seen and every good news idea you have been waiting for. Tho I have been in crypto for a little time I have realized that all that people base on to predict the bull market are mostly untrue (at least, for now).
Now the only reason that can pump Bitcoin on the market is that, people ridiculing and price watching even though they've not bought in can pump it. What happens is that, after every bubble people look out for the "subject of topic" to collapse. If it doesn't, they come and join like crazy and that's why Bitcoin skyrocketed in 2017.
So all we have to know is that should Bitcoin pull through this mess again, lol . .we're gonna moonrocket and that'll be because all those who thought we're done forever (Haters, Press, Analysts, Economists, those who cashed out, etc) will catalyse a never seen before FOMO.
So as for me, I'm not waiting for any Bakkt, ETF, Government regulations, Institutional Investors, Venture Capitalists, etc....I'm just waiting for 2019 to pass by and we'll see.
No man, ETF is important actually, very relevant, could have big effect on Bitcoin price.
Just sayin'
I doubt a ETF will be a big effect on bitcoin's price, maybe a small bump but nothing more than that.
In my opinion it will probably bring bad press if ETF gets accepted for bitcoin, it also means more regulation for bitcoin in general.
Like what yesyes18 said, the only reason Bitcoin can pump in the market now is the same thing as before, people speculating on the price and then it skyrockets 10 folds.
It's not like more people believed in bitcoin that's why the price spiked up, if it did it wouldn't have drop 88% or something near there.
It was just people opening their eyes to the money filled lambos they were going to get when they say the price of bitcoin increase 1000x.