I think this is exactly what bitcoin needs. All these traders, holders and ICO investors are making the wrong impression about cryptocurrencies. They were created as an alternative to fiat, something to help with transactions and huge banking fees (especially when we are talking about cross-border payments). Merchants should accept the main cryptocurrencies as payment and people will finally be able to use them as money, not as assets. We don't need ETF, we need the world where we can earn money in cryptos and spend it in cryptos without turning to fiat.