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Bargaining chips for what? Negotiating peace? A truce? A cease fire? There's been ample time to do that and here we are.
I think their point is that at some point there will have to be some form of peace negotiations
If you get less value from using the money for weapons than for using it as leverage in negotiations, then it's a bad trade-off
Ah yes, because negotiations for peace with Russia worked so well for Ukraine before...
And now the USA are tagging in so they can also get the spoils.
I don't understand the point you're trying to make here, are you arguing that we should aim to keep the war going indefinitely? Because the only way a war ends without a negotiated settlement is with the total dissolution of one of the sides in the war. I don't see Ukraine fully annexing Russia any time soon, frankly.
The war does need to end sometime, even if that time isn't now, and creating a peace treaty that's self-enforcing is the only way that works. If using that money as leverage (e.g. the funds are gradually unlocked as the treaty phases progress) makes a lasting peace viable that otherwise wouldn't be, then it's an option worth considering.
What if there is great value in repelling foreign invaders from your country? Ukraine needs all the funds, especially after a certain shithole country has withdrawn financial aid.
I'm not saying it's necessarily the wrong choice to give the money to Ukraine, just pointing out that there is a tradeoff to be made.