even if they accept you in the PIPE (where "you" is a generic accredited investor, most likely someone willing to put north of 50 million on the table)
We know that those derivative products are for institutional investors with huge capital and ignore a fact that small investors can not access those products, big games like this are both new fuels and catalysts for the Bitcoin Snowball.
If we are small inestors with available small capital, we can simply purchase bitcoin by ourselves, buy a hardware wallet and store bitcoin by ourselves too. This way we are controlling our Bitcoin private keys and actually own bitcoins.
They are institutional investors but they won't own any private keys but let's they choose it if they like. The Bitcoin snowball was already kicked off and it won't stop.