I don`t see a point keeping money in Bitcoin ETF while you can just buy and keep bitcoin.
As
Vatimins mentioned below, there are people who will look at this ETF as important one to explore their opportunity in crypto. Of course, for most crypto users here, for them, they won't need this ETF to deal with crypto. However, think of other people who are not very familiar with crypto and want to get a hold in this market.
Well, in what I have learned so far, as long as it is an ETF, it is good news and depending on the place where it is approved, it can be just bullish or mega bullish. This is because it not only spreads the name of bitcoin but it also enables the people who have little to no knowledge about bitcoin to still be able to get their hands on some profits. There are also people who know a lot about bitcoin but are too lazy to go through all the trouble of creating an account on an exchange or preparing a secure wallet etc., just to be able to invest on bitcoin. Of course, on the perspective of a crypto enthusiast ETFs aren't essential but for the normal people outside of this industry, it is an amazing opportunity.