Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!
Those people are wrong.
Why? Could you give me a rational explanation why you think that the ETF will be a truly unique investment vehicle and thus a "game-changer" for Bitcoin? I do see that people keep on proclaiming this, but I fail to see what is changing here, really!
There are literally trillions of dollars of fiat that could (hypothetically) be invested into an ETF that simply can't be invested now, legally or morally. Hedge funds, retail investors, pension fund managers, and (most) securities traders aren't exactly lining up to buy Bitcoins through Cryptsy/Mintpal/Coinbase/LocalBitcoins/IRC-OTC transactions to manage their customers wealth.
You want big money in BTC, then you want Wall Street. You want Wall Street, you want an ETF.
Once Wall Street goes in and we go through *that* bubble, we need to get Real Estate into the mix....