How will ETFs effect the economics of Bitcoin and existing Bitcoin markets?
There are many investors who knew about bitcoins, but did not want to invest through exchanges, this gives them an opportunity by investing in exchange-traded funds. Also, on the market, with the approval of these Spot bitcoin ETFs, it will expose bitcoins more to people who like investing in digital assets. They may not invest immediately but they will closely be observing the market before joining later.
And they won't hold the actual BTC, it will lie in the BlackRock pockets, as I understand it. I wonder how it will affect the market, I suppose we just need to wait.