I'd expect some upward pressure on price because the ETFs will own bitcoin. But to your larger, exaggerated ("everyone"), question: It'll make it easier to inc

I'd expect some upward pressure on price because the ETFs will own bitcoin. But to your larger, exaggerated ("everyone"), question: It'll make it easier to include bitcoin as a part of larger trades when it can be bought and sold and used as collateral like a regular stock. It'll be another tool used by professional traders. I don't think it'll be a world-changing event, and like you said, it's probably not going to increase aggregate demand as trading desks will shift out of complicated ownership structures to use the ETF instead.