If the SEC approves the ETF.So bitcoin will become legal asset.
BTC is not an illegal asset in the U.S., if the sec approves the proposal for the BTC spot etf, it simply means that the company with the proposal can now issue BTC spot etf's to their customers who want to buy the shares because they don't want to hold their keys or use crypto exchanges.
I am not too comfortable with Spot Bitcoin ETF. I know it will attract a lot of investment to the sector but why can't people buy or mine bitcoin to own it?
I am not interested in BTC spot etf's, but a lot of people are, and they have their reasons which we have discussed many times on the forum, those of us who want to own our keys and don't care about etf's shouldn't be worried about people who want to buy through etf's, they may be buying BTC in the wrong way, but it doesn't affect the network in itself.