Santander bank in Spain is planning to launch it's own bitcoin ETF shortly after the US did.
https://cryptocurrencynewsroom.com/spain-is-preparing-for-the-launch-of-bitcoin-etf-by-banco-santander/

So it seemed to have a domino effect towards other countries to accept bitcoin as a currency.
But then the central bank steps in and wants some regulation imposed before this happens.
https://www.coindesk.com/policy/2021/11/04/spains-central-bank-requesting-financial-institutions-to-outline-crypto-plans-until-2024-report/

Because of that ETF for sure there's another opportunity for every scammers out there to fool alot of investors around the internet.. Indeed that's how it start always when someone starts a new way where investors can buy some coins for their investment., for me in my personal opinion i don't know if its necessarily, because bitcoin itself is very safe why need clone or what ever it's.? Lol 

VanEck after the denial of the ETF by SEC.
https://www.forbes.com/sites/lcarrel/2021/11/19/vaneck-bounces-back-after-sec-denial-with-low-cost-bitcoin-futures-etf
They never give up do they?
What is this... their fifth ETF for the futures market in the past year?

I don't think an average trader thinks much of approve or unaprove ETF. Bitcoin ETF news has always been used to tension traders, but today the market cares less of any ETF just as bitcoin went higher up during the Chinese government crackdown. The Defi market alone is huge enough to keep people busy.

If the SEC keeps on refusing to approve such products by issuers on the grounds that it is uncomfortable due to the risk in an unregulated product like the news have said, then it’s going to be quite a problem, because no product is going to be approved. Because most, if not all, of the products are the same thing when it comes how the prices will be (they will keep on fluctuating up and down at all times or simply volatile).

So, this is going to be a really difficult thing to pull out. Maybe they should approve it and just task the projects with clearly explaining cryptocurrency investment to potential investors, so people have knowledge of what they are about to go into.

Today there was over $200 billion liquidated off for bitcoin causing the dump in price not seen since October of last year.
https://www.fxempire.com/news/article/crypto-markets-turn-red-as-200-billion-exits-the-space-857594

Some say is because of the futures market of bitcoin selling off at the signs of the stock market being affected by the current downtrend.
Even corporate entities have weak hands when it comes to cryptocurrency.

So it was not VanEck. Maybe for the next one.
Still a huge win for cryptocurrency going on the table since the SEC are giving up on trying to go against the companies who are fighting back against them. Ripple Labs have already pretty much won their court case(s) against the securities laws imposed by the United states government.
This will be massive going forward as more companies can now start releasing theirs since the wall has been broken.

I think it’s inevitable that there will eventually be a Bitcoin ETF. We’ve certainly been hearing about it long enough at this point. I recently read that if it doesn’t get approved that VanEck is thinking about suing the SEC, which would be pretty interesting to see, especially as someone who hates the SEC.

It has been going on for a long time, we have been waiting for proper Bitcoin ETF for a long time and I believe that even if it happens, it will not be a huge deal, it will not be a "now we will be 100k+ easily!!" type of bull run. It is good, it will eventually happen one day and make us all happy, but it is really not a big deal at all.

We are already in crypto itself, we are already buying bitcoin and people are not worried about it too much. Just adding an ETF version of the same thing can't be really that much of a big deal, and those people will not be actually holding their coins, they would be paying someone to hold imaginary versions.