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.
I think Bitcoin works well without ETFs. Simple ETF is the way the SEC wants Bitcoin to comply to be recognized and managed. They will adopt it in late September