When asked about this couple weeks ago I was saying we really do not NEED it but it would be nice to have it just in case. However, right now we really do need it like hell because they will be the only ones who can fight these "bitcoin whales" because we can't.

If Craig wants to sell all his coins and drop the price that's fine because if there was ETF going on and people were putting money into it that would mean there were big banks who expect the price to go up in order to get more investors, hence if the price goes down they would spend money to keep it higher for their investors, specially at the beginning so they can attract more investors later on.

An ETF that loses money of its first ever customers will not go big so they will work hard to keep the price high and that means even if Craig spends a billion dollars to keep it low, finance world will cover that difference and take it higher. Hence we really really really need it right now.