I don't think with all respect that anyone can tell if it is bad willed untill shady shit starts happening. We tend to forget that #bitcoin was created to literally FIGHT THE WALL STREET AND FED GANGS and now we are close to saying : if they give bitcoin devs some money it is not that bad. ETF are not friends of Bitcoin. There is a lot of wealth in BTC community, why the grants can't come from the "inside"?
I don't trust VCs, bankers, Black Rocks and others. Getting even some control over BTC protocol is the biggest wet dream of representatives of the falling system. Thanks God For Consensus.