Maybe and just maybe with the ETF approval, we might see investors rushing into the market in the case where stocks dives into the horrific zone. For now, there may still be a lot of skepticism when it comes to the crypto market and I am sure other physical assets would be the target in that case. I believe in the long run, this would surely be one other well known spot or safe haven for investors but we ain't there yet.
I am sure there is a reason that so many financial institutions are pressing to get ETFs approved. The stock market has been in one of the longest bull markets in history and many experts believe we will see stock market correction. The reason why it has lasted so long is also rooted in the monetary policies, quantitative easing, record creation of depth. At some point this must fall apart. Financial institutions need to find alternative assets if that scenario comes to play. The question is if a stock market crash will lead a lot of investors to move to crypto or rather traditional assets as gold and other precious metals.