In my opinion, Bitcoin ETF has it's own pros and cons. While there are many, there is one important pro and con that I can think of.
If bitcoin ETF gets approved it will bring huge market players into the crypto market which will increase the crypto market cap and send bitcoin to new heights.
But this will also bring centralization into the market since big players will be able to manipulate BTC price (may be a little bit but still).
So if bitcoin ETFs get rejected we will be on a safer side from such centralization and manipulation.

I am planning to sell my BTC which is going to be worth 5 figures (INR).
I would sell it either on zebpay, wazirx, paxful.
Is it ok if I withdraw all my money from these exchanges directly to my Savings Bank account?.
Should I withdraw in parts or no issue even if I withdraw in one go.

Not sure about that and there is no clarity on what they are planning to do, one thing i know is that the government has asked companies to report their cryptocurrency holdings when they file the financial statement next month which means all the exchanges in India will hand over the customer data to the government. Will see what happens next after collecting all these data, will they start freezing bank accounts or monitor our transactions is to be seen.

Iam an Indian and live in USA,I was literally scammed by fellow Indians whocalled me from a Customercare center and sweeped away my 2 bitcoins from my Coinbase account.

I really feel sad for such situations.I was helpless ! Please dont scam innocent people scammers !!

yes it is all over the news making headline.
https://www.bloombergquint.com/business/cryptocurrency-market-fashions-its-indian-comeback
People are bullish on bitcoin.Coin DCX one of india's exchage said and i quote "“We saw nearly a 10x spike in sign-ups, post the Supreme Court judgement." and that is overwhelming. They also said there is growth of 78.36% in BTC/INR trading.
Ajeet khurana former head of the BAAC said and i quote""Two factors are driving up volumes. First, most volumes on crypto exchanges are trading volumes and some traders have come back to the market post the SC judgment. It is largely not fresh investor money pouring in yet. If the latter had happened the price of say bitcoin would've been far higher than it is. This is because fairly small fiat currency inflows change cryptocurrency price in a big way".
I personally feel that this will force new investors to get into this market.
Please find above information and more on below link
https://www.livemint.com/money/personal-finance/crypto-trading-rises-in-india-after-sc-overturns-rbi-payments-ban-11587466139986.html

If you're interested in DEFI, start at this site:
https://defimarketcap.io/
This is an analogue of coinmarketcap with all the necessary links to projects.

Finance Ministry of our country is in crisis right now. We currently have the most incompetent finance minister of the last 20 years. Our government is wannabe anti-corrupt and in this pursuit it has taken some of the worst decisions like Demonetization. Banning cryptocurrencies will be another addition in the long list of hasty bad decisions of our government.

However, I doubt that we gonna see this bill in the Parliament anytime soon. Currently the draft is in staging area and one of the finance ministry official has leaked the news that ministry is thinking about banning the cryptocurrencies. But it would take months until government could give this draft a shape of bill by discussing it with major stakeholders and only then the bill would be presented in Parliament.

Maybe we should promote cryptocurrency as a biproduct of a cow somehow. Like maybe it was 'hashed' out of cow dung or urine. Maybe then we would be on the good side of our supreme leader's party and might make it through.

I'm so sick and tired of the ineffective governance in our country that is pushing us to the stone ages with each passing month.

-update-

And I just saw the seemingly good news.

s/m.timesofindia.com/business/india-business/supreme-court-allows-cryptocurrency-trading-cancels-rbis-2018-circular/amp_articleshow/74470172.cms]RBI's ban is curbed by SC

Now the only way the orange brigade can hurt us is by going after cryptos through the FMC and by tagging it as a commodity.
So anyone trading crypto derivatives would be under the scanner.

But let's just see how this unfolds further. Hoping for some positivity.

not really .. I was always here but only comes here after a couple of days or weeks.. but I do keep eyes on crypto world

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..

Anyway crypto currency will be going to regulate in India very soon because of already top list country are regulated the crypto like Japan and more, and coming days some big companies like Facebook and telegram launching their own crypto coin, so I hope that Indian government and RBI will getting the crypto regulations in India very soon.

anyway it is a draft bill, not approved. likely will take many more months and revisions before something reasonable surfaces.

I really hope it happens! But since we are now sure that Modi government is coming back to the power again, do you think they will delay their decision anymore?

This government was always against any progressive ideas and technologies and do you think it is going to change in the upcoming term?? My intuition says, a bad day is coming for the crypto enthusiasts of India! I would love if this intuition proves to be wrong, but really sad about the outcome of today's result!

guys I am still studing and not a super billionaire or something, but i am part of some blockchain events and projects, that has gained me a good reputation to bring investors, and i am not satoshi.
not revealing my identity is because i don't know how this idea will go, just by searching my name you'l get it in google results, and if i post my identity here it will be part of that results, I know my plan is not that perfect but i want someone to enter with me to make it perfect, because this is a time, their is least competition as compare to coming days.. with introdution of STO's and other methods, ICO's are already getting low rate of response but still we have time and this is a perfect moment to take risk. Those getting little bit intrest can take some examples of Wazirx CEO, idap ICO etc...  these are indian Projects and are now multi millioner. i am not asking anyone's money,
but i need some money  holder to join me to discuss the opportunity...

I am repling so late because i have other phase of life where i have to go college and alognwith am fighting to get government job in india, :-) thus, i don't know after how many days, i will be back to reply you here.
one of my college professor said "negetive people are only those who have less amount knowledge or are low in IQ"  so knidly think before making fun.

India is facing this issue since independence! No political party actually wants to solve this issues because it will affect their cash flow. The more delay it will have within the system the probability of bribing is more to solve the delay. This is how it works!

And yes, the case has been delayed until July this year. Read on,

https://www.ccn.com/indias-supreme-court-delays-crypto-vs-central-bank-fight-to-july/

Till the time we are being governed by the bureaucrats who just clears an exam and sit on the top posts of the government, nothing good is expected!