Hell no. ETFs are only financial instruments which are beneficial to institutional investors and the like.

In no way shape or form are they of any use to the average Joe using bitcoin. The only effect would be the hype created by an approval (which seems extremely unlikely at this stage with SEC continuously rejecting and delaying decisions) which could potentially push prices up in the short term.

There is no long term future to speak of in bitcoin that is held in bitcoin ETFs, that is just stuff made up by media. The SEC is making a judgment on a financial product, not bitcoin itself, remember that.