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.
For now, with the way the market looks after the approval of the spot bitcoin ETF, the won’t be any significant impact in the market now and that does now also mean that the impact won’t come later. The approval of it that resulted to the crash in price is a good time to hold on to more bitcoin in your portfolio. Bitcoin price dipped and that is the most important time to buy bitcoin and add to your holdings via DCA method that you must have been using earlier.