Bakkt is what people are waiting for the most, there is more chance of this happening than the ETF which is continuously rejected over and over again. This is going to be the trigger for the next bull run
Why? How do you know it'll create real demand? It might be nothing more than a little news pump.
People are always waiting for the next catalyst to a bull run. What they need to do is patiently wait out the market. Distribution and accumulation cycles take time. A bubble popped just 10 months ago! A year of sideways (or another crash down to $3000) wouldn't surprise me in the least.