The popular narrative is, if these mega-institutions (BlackRock, Fidelity, Invesco, etc) are filing for Bitcoin ETF, they would need to buy Bitcoin itself to make that ETF happen, and they need to buy A LOT. That would entail bullish for bitcoin, since the purchase would be in the trillions and billions.
However, a small section does foresee institutional control over Bitcoin. It is unclear as they are planning to execute that, but surely they see something in Bitcoin to file an ETF on it. Would love to hear your opinions on this, as a long-term investor in Bitcoin and/or someone who believes in Bitcoin's future prospects.