How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
Do you understand how BTC etf's work? If you buy BTC etf's you are not owning any BTC, but you are buying shares of a BTC etf. So how can it increase the acceptance of BTC as a new currency, when people do not buy 'real' BTC's and store them in their own self custodial wallets.
After BTC spot etf's were approved in the U.S, we could see the impact on the price of BTC, because of the amount in inflows. So i think the impact can only be seen in the price, if there are huge outflows sometime later, then we can expect the price to drop too.