When considering how Bitcoin ETFs will impact the market, it is commonly believed by top traders that the effects will take longer to materialize than initially thought. ETFs provide a new investment avenue for regular investors interested in Bitcoin without direct cryptocurrency purchases. Currently, ETFs are seen as an added bonus for Bitcoin inflows, with the potential to significantly increase investments in the future.

The slow pace of change in traditional finance suggests that the full impact of ETFs on Bitcoin may require time to manifest, potentially resulting in greater price stability. However, this outcome is not definite and is contingent on clear regulations and continual advancements in the crypto industry.

Looking at the Bitcoin chart, the current price hovers around $66,000, with potential support levels at $63,700 and $56,435 indicated by the 50 EMA and 100 EMA lines. If Bitcoin's price reaches these levels, there is a chance it could rebound; otherwise, further price drops may occur.

The influx of ETFs could propel Bitcoin's price higher in the short and long term, aiming to surpass the $69,000 mark. While attracting traditional funds is advantageous for Bitcoin's future, the true impact of ETFs on the market remains uncertain. Institutional fund interest signals positive prospects for digital gold, but the comprehensive effects require more time to become apparent.