Bakkt is a eagle with clipped wings. The US government <SEC> made sure that it will not be able to fly soon, because they know that they will not be able to control it. Institutional capital injection into Bitcoin sounds like a good idea now, but do you really want institutional capital dominating and manipulating the Bitcoin price?
I would much rather see natural adoption and equal distribution of coins and not some fat cats from Wall street, dominating everything with their fiat power.