I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?
Its because majority thinks that Bitcoin ETF will really bring the needed money to resurrect the market at its current state. They wanted to see bitcoin hits $20,000, all-time-highs, bullish trend but at the end of the day, the effect should be short live and it can really hurt the market in the long run. Just look at what's happening right now, everyone is waiting for the decision before FOMO'ing. But remember the custodian or institutional investors may have control over the market, and that is not good for all of us. Maybe Bitcoin ETF is inevitable, but I have mix emotions about it and to be honest, I think it will just damage the ecosystem.