Could you share the source of where you got this news?
Keeping a watch on previous events, the craze for Bitcoin ETFs occured after the forking of bitcoin into Bitcoin Cash and Bitcoin Core. The entire bitcoin discussion board was full of speculation threads on who is going to do that. But in the end none of it happened and ended up being a crackpot idea.
Although what is more important is that institutions began to take interest in crypto and that probably help in an organic price rise over the next two to three years till today.
Dont forget that SEC still does not consider bitcoin as a security but also does not persecute someone for owning crypto. The best thing to do is to just buy bitcoin at lower prices instead of being all the secondaries - by secondaries I mean index funds, ETFs, mining hardware and so on, if you get my point.