The bitcoin market is open to all and sundry. There are no limitations to who and how. Not everyone is comfortable in the present atmosphere of the decentralized blockchain. Let me note here that the ETF is not changing the bitcoin algorithm. It is just a platform to enable those in fear of a decentralized blockchain to find a space to join in the story of the blockchain. The ETF community should be welcomed.
We understand how much community perceives the importance of ETFs in Crypto but allow us to enlighten you, WE DONT NEED THEM, INSTEAD, THEY NEED US.
We need them as much as they need us. If they are comfortable with ETF as a go-between, that is welcomed, to me.
That takes us a long way from Satoshi's original concept, and will make bankers a fortune. It will make some of us some money as well, but it will mean that Bitcoin will not be viable for daily purchases. You will have to use the new government cryptos.
At some point, organizations sell their product or concept out. eg, Facebook bought over Instagram. But in the case of bitcoin ETF, it is a function of a collective pool from several people wanting to be part of the bitcoin story yet need the security of a centralized platform.