Seeing this video here, you explained it well. To be honest I never even wanted the ETF to be out and released to other exchanges. Why? Because just like you said, your opening a trading market to people who don't know anything about bitcoin. Thats scary to me, because if they don't know even how to store a bitcoin, than they have no reason to trade. I remember a bunch of YouTubers started getting into crypto and they would see a public key and a private key and they said "I don't know what that means, so lets move on."
I see the long term value in BitCoin here. I know we don't need the SEC to try to regulate BitCoin, or an ETF to open to more traders. Those traders can get on a crypto exchange and learn for themselves.
45 more days to see what happens. I think even then, the SEC will delay or cancel the ETF. But while this news has dropped the price, give it some time and buy in a little.