If there is a renewed interest in Bitcoin ETFs and an influx of institutional and retail investors into the cryptocurrency market, it is likely that there will be an increased demand for Bitcoin. This increased demand could potentially lead to a race among investors to accumulate Bitcoin, as they seek to benefit from its potential price appreciation.
And that's what we're seeing, the influx of money coming in from different sources just because of the filing of Bitcoin ETFs has came to the market. But to mind everyone, this is not yet what we're expecting and there's more to it. So, it's just going to be a matter of time until it's approved. And the bigger influx of money will come if any of many of those ETFs filed will be granted and approved because in the past, there have been a bunch of it but AFAIK, none of them got any approval.