How much of the supply can the ETFs acquire? Maybe a million? Tops 1.5?

I think only 3 of them will survive. BR, Fidelity, and who knows….

The one that makes their wallet publicly auditable will win.

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3= Galaxy … zero fees first 6mths of ETF. That will attract some customers.

Fidelity has supposedly been mining bitcoin for a long time now so they're most likely to open up their wallet

My feeling is that they will be the first.