This ETF is nothing more than a news sound bite. Mainstream adoption is what matters. The SEC will eventually approve a ETF for Bitcoin and most likely other cryptos as it allows them to play the market with printed paper. If you think things are wild now just wait until the bankers get in here full force.
No doubt about this happening. After all they've seen and witness the power of Bitcoin presently even when it's yet to hit mainstream. Now imagine when it does, then it's going to be fun all the way. I just believe this whole saga is to drag the price of bitcoin downwards for institutional funds to get bulk of it at cheap rate.