I'm surprised that nobody has mentioned that the increasing involvement of the banking elite may not be good for Bitcoin, and may be an attempt to move it away from being a peer-to-peer instrument.
The original idea was to provide a stable method of transferring funds between individuals, and not require the involvement of the banks, If you wanted to save 'money' you didn't need to do anything, you just left your coins on the blockchain.
This isn't something I worry about. To Bitcoin, it doesn't matter what an ETF or anybody else does. Bitcoin will still work the same as it always did for other users. We can still make transactions, and it will still be as safe as it is now.
And the fact that they can't change it, is probably why banks and governments are so afraid
* of it.
* I'm using the word "afraid", because I can't think of another reason why they keep mentioning how risky Bitcoin is.