The Bitcoin ETF is what all the big discussion is about in the crypto world these days but there are people who think it would be bad long-term for the cryptocurrency. The voiced concerns are market control by Wall Street and big name players and increased centralization of Bitcoin. I think I agree with them overall but a lot of my fears would be alleviated if the ETF’s that were approved would settle in Bitcoin instead of Cash, which could results in more manipulation. People against a Bitcoin ETF think bitcoin would function well in the long-term without the need for instruments like ETF. I don’t disagree with them but it would take a lot longer without such things like ETFs.
