Ah, ok.

It just seems to me that the US holding some amount of real BTC, while supporting Bitcoin investment vehicles (even if ‘paper’) further legitimizes bitcoin as a commodity and increases the market cap , and in turn helps stabilize its value in time.

I suppose it might bolster the dollar at least for some time, but I wouldn’t be too concerned about that personally. Is that a nightmare to you or do you foresee the dollar somehow remaining perennially due to this new scheme of the government and Blackrock? If so, I’m still unclear as to precisely how that will be achieved.

It doesn’t stop us holding it and transacting with it, ultimately, and anything that fails to do that is really supporting it.