The Bitcoin ETFs that some of the crypto investors are longing for as promises but in the excitement surrounding the Bitcoin ETF, stands mostly the hope of investors that the price will skyrocket.
Let's compare these developments with the rise in gold prices after the commodity became available to investors. It is precisely in this example, however, that we also can identify the danger of price manipulation. For example, an ETF would help market participants with strong market power to determine the price of the asset outside the ETF.
Simply said, I don't think that an ETF would be beneficial for the network, however i would certainly use the generated hype to fill my pockets.