ETFs can bring more investors to the market, which is inevitable, but I still think that if the ETF fails, then red will appear again in September?
If the application for the ETF fails, the price could drop for a while. Then it will resume the upper trend.
Do we really need ETF or this is just a speculation in this market? Well, IMO even if the SEC disapproved this again, the market will just move normally just like what happened before where SEC already denied some of the ETF. Bitcoin is great and even without ETF it can still soar higher.
Yes I don't think we need ETF, Bitcoin will work great without the etf, the etf could make the price go high, but we don't know what other impact is going to happen, but some people trade based on this news, it has happened few times that when etf being rejected the price will fall down, so the etf denial will have impact on the price