"Just a bull trap"... Putting bitcoin in a possible "pump and dump" situation is quite unfair, a suitable guess for altcoins. Bitcoin is bigger and better.

I think institutional adoptions of bitcoin is quite a welcoming one unless in paths of proposals for regulation and attempts of market manipulation.

These adoptions would add recognition, as well as value via increase in liquidity in Bitcoin markets. However, response to Bitcoin ETFs proposals are idiosyncratic being largely interesting for bitcoin investors as it profer possible gains on investment while being quite disturbing for true bitcoiners.