i think the etf would be good for the market. it would add a sense of legitimacy to the whole thing.
We dont know yet not until it happen. The market reacts normal during those rejection days, and maybe because of that we can really say ETF is not that big thing in this market. Maybe people are really just hyping the market and make false news to dump more the market.
Precisely mate, ETF rejection will not be having an effect into the bitcoin price in the market, it will depend on the demand and supply that people holding or just having a hype by them. If we compared last year there is no ETF implementation but the market will grow more than we expected. So, it clearly means that even SEC knows that ETF is nothing and they rejected this proposal recently.