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RE: "These aren't the ETFs you're looking for"
Bitcoin is people’s currency. I don’t think it needs ETFs.
May be in shortterm the price might depend on them but we have had highs without these in the past.
As Fellow steemian posted bitcoin doesn’t need institutional investors, institutions need bitcoin.
Of course it does not need an ETF, but if we want institutional money any time soon, it most likely needs an ETF.
Why do we need institutional money?
For the price hike- possibly
Yes, that is exactly why. We don't technically need it right now for bitcoin to succeed, but it will certainly help the price go up.