Haha, I totally forgot about Bakkt. I asked this question somewhere before, and I don't remember if it ever got answered. These big groups have been buying up large swaths of BTC for he past couple of years. If/when the ETFs go live are they just going to use the BTC they already own for the fund or are they going to be buying more/new BTC? If they just backfill with what they already own, it shouldn't drive the price too much I wouldn't think.