Anyone can explain to me whats the importance of ETF to Bitcoin? Do we need it? I think Bitcoin can reach $2000usd by the end of this year without the help of that ETF
Do we need it? Not necessarily, bitcoin is doing just fine without ETF and will be fine in the future, ETF is not required.
Do we want it? Pretty much yes - having ETF around will boost bitcoin's credibility, will will have favorable shift in public perception of BTC:
from something used by shady individuals and nerds to something with official SEC's stamp of approval, a regulated asset.
Not to mention ETF will have profound effect on the price of BTC.