Well seems some dilemma in there but we could not know it until it happen. I still want ETF to pass, and it is up to the developer on how they implement this ammendment without forking Bitcoin. Anyway ETF is sure a big hype that produce a pump to bitcoin price. I just hope this will not create a bubble.
At this point, a bubble seems likely with all the ETF hype. However, the ETF overall would still be a good influence on bitcoin because it would increase awareness regardless of whether it's approved or not.