Before any ETF or institutional money comes pouring in it has to be cleaned up so they are not compliant or implicated. It's not about 4 billion dollars it's about power. Tether will be next. The 'Bull' market just got shut down. FFS. :\ these **** mean business and they are so sly and cunning. I don't believe much will remain other than BTC and XRP. When tether blows up there will only be USDC with its quickly diminishing 30 odd billion MC to exit a trillion dollar crypto market cap. It will go from trillion to 50 billion in a flash. Hopefully HBD can take some of the slack. :D They want an ETF because that will be pretty much the only way to get in on bitcoin for anybody, and once they can re hypothacate and distort the supply demand with shit that doesn't exist they can control it like they do the precious metals. basically its bed time. In that game only the folks with the deepest pockets and most corrupt friends win. The irony is that retailers think an ETF will benefit them, this could not be further from the truth.