Could Blackrock Bitcoin ETF make the crypto mainstream?

Could Blackrock Bitcoin ETF make the crypto mainstream?
BlackRock is close to filing an application for a bitcoin ETF according to CoinDesk. Thus far, the SEC has rejected every bitcoin ETF application it has received.
If approved, this would be a simple way for institutions to invest in Bitcoin as it would be insured and there would be less custody issues. Investment funds could then more effectively invest in Bitcoin.
Also, regular people like you and me could invest in Bitcoin via tax efficient vehicles such as Roth IRA. It will also mean the layperson does not need to deal with wallets, BTC send / receive address, seed phrases, etc.
It will go far to legitimize bitcoin in the eyes of many people.
Some people would say that Blackrock owns the SEC, and they will get what they want. Could Blackrock do to Bitcoin what it did with gold where it purchased tons of gold and made the largest gold etf? Having a large centralized entity controlling the largest pot of bitcoin would not be a good thing.
Could BlackRock and Grayscale Bitcoin Trust both get their ETF applications approved at the same time?
Works Cited:
https://www.coindesk.com/business/2023/06/15/blackrocks-ishares-files-paperwork-for-spot-bitcoin-etf/
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