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?
That is because people always want to believe whatever they want to believe.
Yeah, the approval of ETF could bring about some more money into the crypto space and possibly channel the market to the mainstream but the reality here is that it would even subject the market to more speculation because in this case, we already know those who are simply holding most part of it after chasing the weak hands away.
I know a lot of people are clamoring on regulation being something that could bring about some market maturity, but truth be told, as adoption kept increasing, the market has been maturing on its own gradually better than the way it used to.