ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.
trading paper coins will certainly not lead btc price higher.
just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.
ETFs have been held responsible for the rise in gold up to nearly $2000/oz, as they opened up investment to the market from participants who wouldn't have dealt with the underlying asset.
I think the problem here arises from paper claims not being backed by actual assets - Bitcoin's transparent ledger should provide a simple and incontrovertible means to assess an ETF's holdings however.