Greetings friend,
You explained Bitcoin ETF and how it's different from owning Bitcoin really well. You also talked about how SEC approval could affect the crypto market and gave reasons why it might not happen. Your point about SEC approval making Bitcoin more legitimate and recognized by institutions is right on. Lastly, you mentioned how an SEC-approved Bitcoin ETF could impact the decentralized governance of the STEEM blockchain. Your understanding of all these topics is impressive.