I’ll tell you why I’m not worried.

They will still have a very small percentage of the total supply (like 10%), especially relative to things like gold.

Also, while a gold ETF genuinely solves challenging custodial problems, ETFs are trash analog L2 for Bitcoin.

All they are doing is legitimizing the asset class now. It’s a Trojan horse. In the long run, the normies will realize Wall Street is, was, and always has been, fucking them.

And meanwhile tick tock next block