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
Same hype and expectation that can have the same disappointment. 
Last year we don't have those and ETF's were rejected but the market stand alone and went through all time high.
At the moment, the market is more speculative in nature than anyone could imagine, considering the fact that so many times, a lot of people are just so centered on hype and this is the reason a lot of people feel disappointed at times, make the wrong moves on the market by selling at loss while losing hope and before you know it, the market is back at it again and then the fear of missing out starts kicking in all over again. It is actually one thing we cannot run from at the moment, as a lot of people are just looking for quick gains in the short term with no single clue of what they are even doing.