Well Bitcoin has been an asset that was largely dominated by young investors. The demographic could be about to change now or at least level up. Bitcoin ETFs being available now changes that, more mature investors, probably with deeper pockets now feel confident enough to buy the ETFs as they are offered by the likes of Blackrock, Fidelity & others.
Well, to be honest, I don't consider investments made in ETFs to be actual Bitcoin investments because, as we often say, not your keys, not your coins, and if you aren't even holding your coins in a wallet managed only by you, you are not invested in Bitcoin. ETFs allow large investors to invest in Bitcoin through them, and they hold the coins, and the investors can only profit from the price swings, but that isn't the actual thing, right? If we invest in Bitcoin, we buy bitcoins, and store them in our own wallets that are in our possession.
Besides that let me explain more....when you invest in Bitcoin, you should have actual bitcoins, and not just a feeling that you have invested in Bitcoin, or a company has invested in Bitcoin on your behalf, and they will sell your Bitcoin when you ask them to do so. So, if deep pockets actually want to invest in Bitcoin, they should do it properly, and not by using ETFs.