I think that the ETF is only important in the sense that it gets cryptocurrencies in front of a whole new range of people who can then start pumping money into the space and learning about blockchain technologies.
I didn't understand the potential of blockchain technology until I started putting money into crypto and writing on Steemit. Now I'm a full convert and want to do this full time.
So if an ETF brings more people into this space who can then become passionate cryptocurrency spokespeople, then that's perfect. We need more people in this space and we need to get the word out to the masses as to what the potential is here.
Yes this ETF will have some good effects including bringing in more people. They will also probably increase the price. All these are good things.
I absolutelly agree with you here @mazzle