The interesting thing about these new ETFs is that they are spot, meaning, those institutions will actually buy the real #Bitcoin (using Coinbase to store it and secure it for them), therefore, not an IOU. Those funds will own in their portfolios true #Bitcoin, as Microstrategy and Tesla do right now, but with a third party taking care of the custody.

bitcoin

Are Spot ETFs a threat to Bitcoin Long Term?

Great points raised here. I do wonder if the approval of US ETFs will have more high-net worth fiat investors buy in to ‘real’ BTC and leave managed funds & trusts to buy the ETFs. Double demand in a sense.
As for additional countermeasures etc. I just don’t know other than strength in ‘informed’ individual numbers.