I know Bitcoin doesn't care about Spot ETFs in America as the big guys are lining up, but a real situation could be after approval American people won't care either to buy into a Bitcoin Spot ETFs. Newsflash, they aren't buying it now especially with the unsupportive politics/FUD/SEC/CFTC misinformation train? People listen to the mouthpieces.
Note how other countries are doing with Bitcoin ETFs today (maybe there is a better update on this? I am lazy.) https://www.coindesk.com/markets/2021/10/20/bitcoin-etfs-arent-new-heres-how-theyve-fared-outside-the-us/