The only interesting thing about this wave of ETFs is the fact that only these massive institutions would be in a position to actually see and know the scale of capital flight that is happening right now from fiat into #bitcoin.
Since they are all seeking to ultimately gain more Fiat, the fact that they are showing interest in Bitcoin at all must mean that they are seeing capital flight accelerating.
This is good for Bitcoin not because it will increase the Fiat price, but rather the fact that more people must be showing interest in it.
Institutions will always use their size and market perspective to try and front run individual plebs.
They won’t get any Bitcoin from me though, no matter how much filthy Fiat they try to throw at me.