There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?
Well it's hard to predict what will be happen to that ETF because until now theres no sign if its approved or not. But I think theres no affect to bitcoin if the ETF is approved or not because bitcoin is bitcoin before that ETF is come.
In my opinion there is a game behind all of this, they deliberately create conditions like this so that the price of bitcoin continues to decline and they can buy at low prices. after that there will be news if the ETF has been approved. this is only my guess.