From fortune:

The SEC has approved nearly a dozen bitcoin ETFs, causing concern among some cryptocurrency enthusiasts who believe that intermediaries like BlackRock are perverting the idea of decentralization. There are fears that ETFs could alter bitcoin’s core features and be confiscated by the US government.
Some bitcoin enthusiasts are concerned that the approval of bitcoin ETFs will alter the core features of bitcoin, and even lead to government confiscation. However, many believe that the ETFs are a positive development that further the original mission of the bitcoin project.
Bitcoin was created to be a peer-to-peer digital cash and store of value that can’t be controlled by intermediaries. An ETF strengthens the case for bitcoin as a store of value and offers protection against capital controls, and thus has the potential to make a significant impact on the global market.
Bitcoin-holders must render a service to bitcoin-needers. Bitcoin ETFs offer an easy entry point into the cryptocurrency market, broadening the market and offering greater liquidity without burdening potential users with complicated security measures.
The approval of bitcoin ETFs offers a solution to the last mile problem for cryptocurrencies, allowing average folks who are bitcoin-curious to contribute to bitcoin’s liquidity with ease. This is a significant development even for traditional believers in bitcoin.



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