$BTC I will tell you the true meaning behind ETF and all these institutions buying. They want to hold bitcoin, and make money off of bonds, funds, whatever securities and derivatives that they can sell that will exceed the nominal value of their bitcoin holding values by multiple.
It's like the first concept behind paper bills, a bill represents ownership of gold in a bank. Bank keeps gold for you so you can carry bill around not a gold bar. The US Golden Standard also did this but now we realize it is unsustainable.
The hedge funds have done this with real estate too. The 2007 crisis is due to funds creating securities, insurances, and insurance to insure these securities, an infinite loop that crashed. The whole world suffered with heavy economic shock and the gamblers were bailed out by their government.
They think they can do the same with bitcoin. Microstrategy buying bitcoin and constantly issuing bonds is one example. Its an infinite loop that goes nowhere. And if they do buy all the bitcoin this way, the purpose of bitcoin as a cryptocurrency will be lost and people will completely ignore it. Why buy bonds that represent bitcoin when we have the same things for real assets like gold, oil, real estate, etc?? Its a trap.