I think it might lower the price a little bit, but ultimately there are other ETFs that are going to try to fill the hole. The more time that bitcoin continues to succeed the chances of a new ETF being approved gets larger.
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dosent an etf allow people to basically bet on the price of btc that dont even exist like gold fututres all those paper ounces controling the price of real gold .. wont thaat alloe btc prices to be manipulated parton my ignorance