The same way we are anti-trusting (distrustful of blackrock)

There is trillions of AUM that is strictly trusting. That money would would never have owned Bitcoin unless their money managers could invest with their buddies at blackrock 

I’m just observing the facts here. I hate blackrock and esg

sudonaka

Obviously I agree with you. My fear is that BlackRock wouldn't have committed the time, effort and money into this unless they knew it was getting approved. Larry Fink is as powerful as any politician in the U.S.

siggy47

bitcoin

Trust Me, Bro

soggycakes

With masses, I meant that us bitcoiners or just regular people still care about owning real bitcoin and not paper. That they still care enough to expose bad actors, and not just NGU.

Next to that, there are other potential or new routes this capital could take. Collab custody, full reserve bitcoin banks (proof of reserve products), etc. In my opinion, we should avoid paper at all costs and I hope this etf gets denied as well.

Let's not be too naive here, this can be bad for bitcoin.