According to Odaily Planet Daily, Ethereum co-founder Vitalik Buterin warned at Devconnect that large institutions like BlackRock expanding their Ethereum holdings could push out decentralized builders and weaken the community.

Additionally, the choice of foundational layers optimized for institutions may prevent ordinary users from running nodes, driving geographic/network centralization. Currently, nine companies on Wall Street offer Ethereum ETFs, holding over $18 billion in Ether, with corporate treasuries holding an additional $18 billion. Buterin emphasized that Ethereum should focus on global, permissionless, and censorship-resistant protocols to maintain its unique value.