I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something. I still don't understand how they can be able to influence the market prices with regards to the upcoming decision on the approval of ETF, I still have no idea how and I still think the halving will probably have more impact than this maybe even the idea that Lamborghini is planning to accept bitcoin for payments for their luxurious cars.
You know to buy typical bitcoin, some people see it as a hard work because of the security and a lot of steps to undergo before getting them like registering on exchanges or using complicated DEXes and buying a hardware wallet and also doing a security backup of the seed phrase, this process are going to be meticulous for institutional investors. So, to make this easier traditional exchanges want to make this very easy for institutional investors in the form of mutual funds that they can buy from them while mimicking everything about bitcoin price, the volatility, the movement and every other thing that you know that Bitcoin can display in the market.
The traditional exchanges can then buy allow the customers to buy this bitcoin ETF but they must have an equivalent amount of Bitcoin they provided to be public for transparency. If they give out 30,000 Bitcoin ETF to their customer, they must have the equivalent of that amount of Bitcoin under their custody making it a real investment for the institutional investors and other retailers that prefer that over the main Bitcoin, by this they don't need to worry about laws enforcement for having bitcoin or explaining the source of their bitcoin or even worry about seizing of your bitcoin.