I think three kinds of people can/will/do own Bitcoin:

1. Those who believe it can be a better kind of money
2. Speculators
3. Everyone else, when fiat crashes and economies fall.

All people will own BTC some day. All.

In the mean time, the audience who hold and discuss BTC, are just 1) and 2), believers and traders, the believers, like yourself, dont bother talking about ETFs and 5% swing trades, leverage trading and the like, but the traders do. They eat that crap up.

That's why its Technical analysis all day long on most of the youtube channels.

Anyways, I agree, ETFs are not likely a good thing for believers, in the sense of keeping BTC development in the hands of believers, but frankly, whether BTC comes to mainstream by hook or crook I am happy because it is superior money, fiat is dangerous and the manipulation there is far worse than BTC will be with early ETFs, at least I think.