BlackRock’s BTC ETF and the Coinbase Upset — Is ETH Next? PGirlsChain Questions True Ownership and Freedom

Section 1: The Shadow of Control Behind BlackRock’s ETF

Rahab
“Did you read the Cointelegraph piece? BlackRock’s Bitcoin ETF has surpassed Coinbase. The media says this proves ETFs inspire investor confidence. But I can’t take that at face value. To me, it looks like U.S. mega-capital once again swallowing Web3’s flow, locking investors inside a ‘regulated cage.’”

Moka
“Yeah… ETFs might provide ‘clarity’ and a sense of ‘safety.’ But is that real safety for us ordinary investors? Buying an ETF means handing the keys of your assets to BlackRock. That strips away the very freedom blockchain gave us—the right to hold our own wallets.”

Rachel
“What comes to mind is a classical maxim of investing: ‘When the crowd rages, only those who remain calm protect their gains.’ Today’s crowd, rushing into ETFs, isn’t holding Bitcoin themselves—they’re surrendering it to BlackRock’s vault. Comfort and control are two sides of the same coin. Crowd psychology often manufactures illusions.”

John
“Exactly. That’s why we, the Rahab Punkaholic Girls, built PGirlsChain. It enables DAO-style direct ownership, not the indirect ownership of ETFs. The PGirls token isn’t locked away by some central manager—it belongs to the holders, each with rights as part of the community. We don’t need to accept the cages built by U.S. capital. We’re already walking a different path.”

Section 2: Is Ethereum ETF Next?

Rahab
“The market is buzzing: ‘ETH is next!’ But if an ETH ETF is approved, what happens? Ethereum is the beating heart of smart contracts and DAOs. If Wall Street absorbs its value, Web3 could be reduced to just another financial product.”

Moka
“Right… ETH is lifeblood for developers and creators. If it gets packaged inside ETFs, what happens to its freedom and decentralization? For most users, all they’ll see is ‘easy access to invest.’ The risks behind the curtain will go unnoticed.”

Rachel
“Another old maxim: ‘Crowds create price, but patience creates value.’ Even if ETH’s price soars from ETF inflows, that doesn’t prove its long-term worth. On the contrary, it risks making investors forget the meaning of holding ETH itself.”

John
“That’s why we shouldn’t celebrate an ETH ETF. Instead, we should cultivate our own communities. On PGirlsChain, holding PGirls tokens = ownership and voice. No ETF can strip that away. If ETH ETFs become symbols of control, then PGirls will stand as symbols of freedom.”

Section 3: Crowd Psychology and the Pitfalls of Investing

Rahab
“It’s frightening how ETFs wrap the market in a blanket of so-called ‘safety.’ People are misled into thinking, ‘If the world’s biggest asset manager is involved, it must be safe.’ But that safety is nothing more than an illusion born of crowd psychology. The fundamental risks of the market never go away.”

Moka
“Exactly… As ETFs spread, we ordinary investors grow complacent. We stop thinking about true diversification. In the end, that just turns us into domesticated investors.”

Rachel
“To borrow Buffett’s words: ‘Those who believe markets are efficient suffer the greatest losses when efficiency breaks down.’ The ETF market could easily fall into this very trap. A cage disguised as efficiency will, once broken, cast investors straight into the abyss.”

John
“The essence of investing isn’t following the crowd—it’s moving forward together with allies. PGirlsChain, built in a DAO-like form, allows the community to share wisdom and make investment and trading decisions collectively. In that space, there’s no influence from giants like BlackRock. The only voices that matter are those of our peers.”

Section 4: Conclusion — In Whose Hands Is the Future of Web3?

Rahab
“BlackRock’s ETF surpassing Coinbase might be called historic news. But to me, it sounds like the very soul of Web3 being stripped away. And now, with the buzz about an ETH ETF, it feels like we’re just being tossed the ‘next piece of bait.’ It’s absurd.”

Moka
“We, as ordinary investors, have to choose—do we swarm toward the bait of ETFs, or do we reject it? Picking ETFs may seem easy and comfortable, but it’s also the road to losing ownership.”

Rachel
“History repeats itself: ‘People seek safety in herds, but it is the herd itself that creates the greatest risk.’ The ETF market is replaying that fable. The moment you mistake herding for safety, you step into the most dangerous trap.”

John
“That’s why the answer is clear. We must build networks free from ETFs and beyond the reach of U.S. capital. That is what PGirlsChain and the PGirls token embody. This is the true spirit of Web3: freedom, seamlessness, and community building.

ETFs are nothing but a cage of crowd psychology.
PGirls is co-creation with allies.
The choice of the future is ours.”