According to this article:
Axios Crypto Newsletter
The approval of Bitcoin ETFs 15 months ago demonstrated that a lot of capital was waiting to hit buy on bitcoin as soon it got a regulated wrapper.
And last week was the best week all year for crypto ETFs.
This means that as more and more institutional investors are getting into ETFs, it could possibly mean that Bitcoin will become more stable (less volatile).
But the question is: can we still expect huge price increases like 10x or even 100x.. like many early investors hoped for?
If that's no longer possible, then Bitcoin might just become a playground for institutional investors.
Where does that leave us (small investors)?
This is just a good addition but actually Bitcoin is already attractive to lot of investors. We see already a lot of support that's why Bitcoin reach trillion in market cap even if there's no ETF approval happens.
But somehow we cannot erase the fact that this add certain convincing factor to other skeptical investor also institutional investor to participate especially that they see an ETF approval on Bitcoin. Although we don't know what's going to happen. But there's huge chance that Bitcoin will rise if many institutional investor would came in since remember that Bitcoin has limited supply and their buy orders would provably help to increase its price especially if they can influence more demands for Bitcoin.