NOTE : Questions from LAYMEN.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.
You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.
Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.
Exactly, it makes no bloody difference whether there is an ETF, EFT, or FTE. The only thing that matters is that bitcoin has shown that it is robust against all of these difficulties and has a valid concept that holds up. There doesn't need to be institutional investment, although it can help for a short term boost. It would be nice to have a little pump up again, but it will still continue to gain in value regardless.
There's too much obsession with these investing tools. It's better just to observe bitcoin for what it is and use it to the best of its ability without interference from centralized investment schemes.