You won't have bitcoin if you use your money to invest into ETFs. It is for people who don't want to reduce risk by directly buying bitcoins and hold bitcoins. ETFs will expose more people with Bitcoin and cryptocurrency market but if they are wise, they will directly buy bitcoin and cryptocurrencies.
Totally agreed, as i read a topic yesterday having the same issue concerns about connections of
Banking Sector in the Crypto world and how it could affect the industry. Well, the point was the same which is if you do not own the key then the coins are not yours.
But TBH, i do not really have a great idea behind the working of ETFs, so before writing anything more, i will look into it too but i do get the idea from your post that ETFs mean getting registered with the government and then buying the government's verified BTC, which will be own by Government.
We are witnessing big changes in the USA. with more eyes on Gary Gensler and SEC. With this tightening trend, the USA. will not let cryptocurrency and blockchain companies move to other countries.
This conversation has been done so many times but still, the thing is crypto is not centralized, so how can only US government and US citizen could get there hands on the crypto industry and can control it. As, crypto is decentralized and shared by all countries on the globe.
