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?
Bitcoin ETF does not adversely affect the price of Bitcoin. It makes many investors feel more secure and want more investment. Because ETFs will always be valued over time and it is suitable for many investors who want to invest safely.