Um, you understand that if Bitcoin is "left alone" by investors, it goes...
down in price, not up, right?

Logically the price of bitcoin move up and down due to the demand and supply of bitcoin however keep in mind that ETF is not a thing that bitcoin will start to fly away. Keep an eye on blockchain data, the price isn't moving because of the OTC deal, Keep in mind, its a long term game and it will pay off eventually to the investors in bitcoin.