Not really but people always need their boogymen. Blackrock is generally viewed negatively but Larry is very clear about what Blackrock does. The company manages money. None of the trillions they have access to is their money. He repeats it over and over. Blackrock is behaving based on the requests of its clients. But that falls on deaf ears because people would rather rip into Fink for ESG stuff while Blackrock also has oil and gas investments. Instead of reaching for the logical conclusion that maybe with trillions under management Blackrock has sizeable clients from both industries I guess its just easier to say "REEE FINK BAD REEE" and put no energy into thinking about things.

So, ETF's are not bad. In the case of Blackrock this is them attempting to meet the needs and demands of their clients. ETF's can be integrated into retirement plans which means you no longer have to hold Bitcoin to feel its effects. Its effects can be felt by your automatically managed 401k account instead. You don't even have to be aware and most people won't because most just open an account with their employer's provider and let it do its thing. This is how Bitcoin integrates into every day lives.

Custody of Bitcoin really has no need to be the focus of everything involved with Bitcoin. Care less about the custody and more about the utility.