Bitcoin doesn't care about no TradFi. If you're already open to the idea of mid thirties than we're not that different. My estimate is somewhere between $25K to $35K.
Really...then why why make an ETF?
Today money flows:
bitcoin on exchanges: 61 bil
bitcoin on tradfi: 3.2 bil
So...currently 5% of the flows in btc re ETFs.
This number will probably increase with time.