I initially agree with your statement. I also position myself away from those who believe that BR wants to control BTC by loading up the rest of the 7.6% available supply.

IMO I also believe that is good news. Still, the ETF is a double side sword: it dilutes the idea of what BTC is (saving & spendable technology) and it confuses the potential user to see it as if BTC were an investement alternative.

On top of that, the ETF users are not holding their Bitcoin. Read the fine print, in the event of a fork, BR reserves the right to choosing which side of the fork they remain with. Tough pill to swallow.