Bitcoin just turned 10 years few days back and in this 10 year journey of bitcoin has seen many up and down whether it is Mt.Gox or oscillating price or fork of bitcoin to create bitcoin cash. In this journey bitcoin also get associated with various financial products and service. I am going to look at various product and services associated with bitcoin for which many people have enthusiasm but I am bit skeptical about them.

1.ETF
People are looking at ETF as a medium that will make bitcoin easily available to common man or every household. In reality they forget that many of ETF are just going to be paper ETF with no backing with physical bitcoins. It look to me a direct attack to be bitcoin exclusivity of 21 million coin because paper ETF can bloat the supply on their will. Secondly, ETF will treat bitcoin as an asset instead of currency.

2.Bakkt 
Bakkt claim that it is working to create a "secure global platform" that will meet "regulatory requirement".Tagline of Bakkt is "Bringing trust and utility". Their tagline keep me wondering do bitcoin require "trust" or need to prove its "utility"?

3.Payment processing site like bitpay.
Ok, they are providing service and their service is cheaper than using credit card but still they are third party or intermediary between the payee and payer. Is usage of bitcoin is not supposed to remove all the intermediaries in between?

Look like, financial institutions and regulatory bodies have joined hand together for devising  scheme to regulate it and dominate its market/value associated with it. Bitcoin to its core will be governed by it protocol and will remain fully decentralized but it will be fully regulated ,scrutinized and governed by centralized authority in our individual wallets.

PS: Reposted by me in this forum, just to know the views here. Article is written by me but first posted in [Bitcointalk.org](https://bitcointalk.org/index.php?topic=5096024.0) My userid is same "r1s2g3" in both forums.