Bitcoin BTC should not depend of any Powerful government in the world or no need to depend on Institutional investment .
These two interests that you seek to demonize have helped propel Bitcoin to the height it's enjoying now. Without them, it's possible that Bitcoin wouldn't be having the level of exposure, popularity and traction it's having at the moment. The US is driving that force now. Of a truth, it would've been better these two aren't involved in Bitcoin but then, everyone is a capitalist. We all want what will fetch us money. Bitcoin is an asset and everyone wants a bit of it.
So the real BTC lover and satoshi no need any ETF of govt approved.
It doesn't matter whether they're real BTC lovers or not. Once they support anything that boosts BTC exposure and demand, they're comrades in progress. There are people who wouldn't even consider BTC an investment if ETF isn't there.