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[Metaplanet CEO Says ETFs Will Not Undermine the Advantage of Bitcoin Treasury Companies] Metaplanet CEO Simon Gerovich posted on the X platform stating that ETFs rely on capital inflows for support; otherwise, the amount of Bitcoin held will not increase, whereas the amount of Bitcoin held by Bitcoin treasury companies remains constant. Gerovich believes ETFs are a 'static exposure,' different from the role of Bitcoin treasury companies, and will not undermine the advantage of Bitcoin treasury companies.