Bitcoin is on hands of Bitcoin ETFs! In just eleven months this products have accumulated more than 1,104.000 Bitcoin surpassing even the Bitcoin held by Satoshi Nakamoto.
The difference is that while Satoshi Nakamoto wallet still with 1,100.000 Bitcoin for years and untouched, the Bitcoin ETFs products are buying daily and soon will double that value and HODL even more Bitcoin on their vaults. The problem is that all those Bitcoin held by ETFs are maintained on a centralized wallet controlled hy a custodial and not by the people who actually own them.
This means, when they wanna use them will need first to ask for permission and then issued an order to release and the custodian take them out from the wallet. It seems investors trust more on this Bitcoin ETFs more than in their own non custodial wallets.
Well, is their choice but they are giving too much power to this entities as you can imagine for example, When Blackrock own 1 million Bitcoins they will be able to make more than $2.5B only in fees each year forever (considering the Bitcoin price on $100k and it still counting). This guys are serious. Remember:
CONTENT IS KING, so stay tuned for more.