We can see the price crashing since its release.
I would think that it will take a while for the ETF's to have any impact because they were just released.
Actually it's gonna have impact on Bitcoin price but gradually as what we are seeing now is as a result of some corrections that are being made that's why the price didn't skyrocket as almost every one thought that after ETFs approval that the price is gonna jump. You know, almost everyone was expecting the price to pump but had it been it was so; a lot of short term investors would have only been interested in selling off their coin since they feel they've made a little profit from their investments rather than hold their coin so definely, bitcoin price will increase but not at a time that everyone will be anticipating.
Bitcoin ETF can't have a further impact on Bitcoin in my opinion, the news that surrounded the filing and the approval/rejection saga at that time was too tense by people and media which was what caused the positive effect we saw and this has been well-priced in. Fine, it is a good development for Bitcoin but at the same time, Bitcoin could be invested in without any issues and the capitalisation will feel it without ETF. Just as it is with the withdrawal of funds from the Bitcoin market, so it is not new about this, and it will continue to follow the right demand and supplies like any other asset and market.
However, what the ETF would only do for some people who are interested (I am not) is that it will ease their investment activities with it but they pay more as well and they will surely commit their money to the hand of a custodial arrangement which Bitcoin itself from the beginning by virtue of decentralization didn't want, and preached against. Also, the price will not be determined by exchanges again but by the new development just as it is in the traditional market. This is not what will per se bring money to Bitcoin but the adoption and effective usage of Bitcoin itself. This is growing over time and will continue to grow with or without ETF.