That's right, Bitcoin started from 0 without ETF but stil rise up to $20k. These only means that even without the ETF proposals Bitcoin would still be on the go for another bullrun.
This is what I'm about to say. Bitcoin made to its all time high without the help of any ETF proposal/approval. It's likely that few years from now bitcoin will go on bull run as usual through strong mass adoption.
I don't know if it just only me but I really didn't care much about the ETF proposal... If BTC rode from cents to 20K without the ETF proposal in view then we are still good.
I don't care also with ETF but majority is very positive to it because they just think that it's the only way to see another bull run. It's the only help that bitcoin can get to make its price up again.