What do we think happens to DAOs, L2s, and other defi projects when ETH gets multiple ETFs?

It’s was simpler to get a spot BTC etf i think because it’s more liquid, easier for the big boys to acquire and in some ways doesn’t threaten banking. ETH and everything built on ETH protocols is 10x complex at least. Staking, Liquidity Pools, liquid staking, slashing, stable coins, farming, etc etc the promise of what can be on the ETH protocol seems to me like what might hinder an ETF approval. And if it does get approved are we gonna see hostile take overs of DAOs? Assuming Fidelity and Blackrock eat up ETH the way they have with BTC, are they going to offer staking services to get max yield for themselves? Or are they gonna offer it to customers? Am i missing big questions and not understanding things correctly? I just wanted to open this debate cuz i dono if an ETH etf will be great for L2 projects and defi in general. But i could inversely wrong and ETFs create capital for L2s and defi. Wanna get some theories/debates from people with knowledge of how something like this could work but also from some people who maybe are part of DAOs governance and have projects out there. I know there are ETFs of assets that have yields (staking) but this seems like could be different. Or maybe exactly the same