PANews reported on November 16 that Simon Gerovich, CEO of Bitcoin treasury company Metaplanet, posted on the X platform that some people say ETFs are a disadvantage for Metaplanet, but this is not the case. ETFs need inflows of funds to support them, otherwise the amount of BTC they hold will never increase. On the other hand, the amount of BTC held by Bitcoin treasury companies like Metaplanet will never increase. Therefore, ETFs are a kind of "static exposure." The two play different roles, and ETFs do not weaken the advantages of Bitcoin treasury companies.