What OP was saying the more institutional investors buy etf, more adoption Bitcoin will become which is not really the conventional adoption of Bitcoin. They are buying Bitcoin spot ETF under the management of Blackrock and Fidelity. These two institutions have billions of assets sitting around one corner to boost demand of Bitcoin. The more people buy Bitcoin spot ETF, the more Bitcoin Blackrock and Fidelity will be buying and holding and the more ETFs they sell, more Bitcoin will be sold off in the market. This technical adoption is a price impact of demand and supply and not real adoption like having real Bitcoin or personal wallet and do what you want, when you want and how you want.
Are Institutional different from other centralized exchanges? Yes and No. Yes in the sense they hold Bitcoin in a custodial wallet like centralized exchanges, they share some similar interests. The No is where the other assets management comes in, they have the medium to make people buy more ETF, the more Blackrock and Fidelity buy the more they buy real Bitcoin and hold into their custodial wallet.
Seems you're the one missing mine. I acknowledge the fact that institutions are buying more bitcoin which is leading to the price surge which I'm appreciative of based on my desire for profits in my own investment. My point is that these people aren't necessarily buying bitcoin, in case they are brainwashed to believe they own some bitcoin for themselves, they are buying shares from the bitcoins that these institutions own and trusting them it to be in their possession which is in contrast with bitcoin core values, I am stressing the point that these people are going about their investment into bitcoin wrongly, more like they are not being their own bank and if anything happens to BlackRock or Fidelity Cold storages, their so called assets are gone and for me this is a bigger risk since their assets are safe as long as BlackRock and Fidelity keeps it safe.