The laughable thing about this ETF thing is that everyone was pinning their hopes on Bitcoin making a comeback when one would be approved.

Herein lies the hypocrisy of cryptocurrency investors, they all want Bitcoin and other cryptos to replace fiat, they don't want government agencies regulating or controlling it, yet an ETF would be just that. The only way the SEC will approve an ETF is if they can regulate and control cryptocurrency which would be disastrous.