I know that a company selling ETFs must have the real thing stored somewhere, the rumor/opinion says that those ETFs are not actually backed up by Bitcoin, and these companies are "creating BTC from thin air", profiting from BTC real price, increasing supply, and bulk selling thin air to hit the price.
Think for a moment, how do you sell something created from thin air?
Also, how do you protect yourself if you take money for a thing you don't buy and that keeps increasing?
BR ETF was launched at 40k , how much loss could they sustain?
I may want to believe it's true, though not because the price of bitcoin dropped after the launching of the etf, but because the government actually are good at stuffs like this, they are professionals in the inflating things/assets, most especially, if the asset is one that the buyers don't see for real, but simply view it as numbers on their screen.
So you're willing to believe some tinfoil material with no proof that makes no sense whatsoever financially just because you hate the government.
You know one rule of Bitcoin, it's called "Don't trust, verify" but I guess conspiracy theories are more appealing when things don't go the way you planned!