No..

I think it’s stupid and bound to fail eventually. It might pump the price in the short term but that’s about it. There are companies that legally can’t buy bitcoin but can invest in ETFs. Those are the only people that this helps but I feel like it can’t end well.

The beauty of bitcoin is that is a public ledger. Who says that when i buy 1 btc in the etf, they really buy 1 btc ? They might not and this is gonna create more bitcoin on paper... eventually suppressing the price.