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.The above
bolded in red is total ignorance on your part!
So, let's talk about your house (real estate) that you claim to own. You really think you own it, right?
Well then, tell me what government office you trust to hold that paper deed in their files that shows your title to the house that you claim to own?
How is it that you are so trustful for some Podunk government office in your locality to hold a paper real estate deed (or keep its details on digital file) any better or safer than me trusting a huge multi-trillion dollar U.S.-based global investment firm with my financial assets?
FYI -
Blackrock is the Largest Asset Manager in the World and Fidelity is the Third-largest asset manager globally! I'll be waiting your reply!

Talking about ignorance, you're the king. Bitcoin is designed to eliminate all government interference or trust given to any third party medium over your coins. Comparing bitcoin to real estate is a wrong yardstick of comparison because real estate is government-controlled while bitcoin is designed to be managed personally and not trusting a third party to help you with such. No matter how big or made these industries are, trusting them to manage your bitcoin is still very risky because no company is bigger than being compromised or collapsing, same reason we are advised to be our own bank and personally manage our bitcoin so as not to be a victim of the collapse of financial institutions.