I think we might see different result if cryptocurrency have wide adoption/real usage as digital currency, because that will bring continuous real demand. and market recovery wouldn't be too hard
The concept of cryptocurrency was created as a digital currency, and almost everyone who knows cryptocurrency already knows that. This is only about regulation which is troubling for cryptocurrency users by the government, because cryptocurrency has fulfilled its function as a currency requirement. Only every government allows cryptocurrency to be used properly, and there is no prohibition for anyone using cryptocurrency so we don't need ETFs to make the price recover.