Lots of pension funds are restricted in what they can invest in, due to the terms of their trusts - usually they can only invest in SEC approved stuff. So if the ETF is approved, pension fund money can at last invest in bitcoin. We're talking billions here.

However, the ETF won't get approved. All the problems referred to when they last refused are still there - unregulated exchanges like bitfinex etc, who have banking problems, the chinese exchanges not allowing bitcoin withdrawals. Now this ransomware business. It's likely to be a NO.