Remember "Not your keys, not your coins"? Bitcoin was intended as a decentralized digital currency.
Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control.
Does anyone else see what is happening here? The silence is deafening!
Any investor that buy ETF are only scum bags that are scared to be their own banks, scared to protect their own keys because they are not man enough to protect it. What is that hard in buying a hardware wallet and push some bitcoin in it? If you can have thousands to buy some bitcoin, I don't see why it's now a difficult thing to buy a hardware wallet that is less than 200 dollars, they rather watch Blackrock goes down and later ask for bailout of bankruptcy than hold the bitcoin by their hands.
To think that they will not ever have the feeling of holding a bitcoin and how to even transacts with it kills the vibe of bitcoin with this ETF stuff but on a second thought, you can't force people to do what they don't want to, they should enjoy their mimic bitcoin and will enjoy the native bitcoin.
The ignorance runs strong with this one. Very very strong. I suspect you are very young and inexperienced.
Example: Expose one's ROTH IRA to an ETF, pay no taxes on it when I retire and withdraw. Expose my 401K to ETF and my employer matches 100% pre tax. I pay tax when I withdraw but being retired I would be in a much lower tax bracket.
Trading: I can move in and out of an ETF without incurring a fee and much much faster than the network.
Corps: Having a wallet is a giant PIA, the big boys don't do it (Saylor or Musk). ETF is far more palatable. Wait until the sovereign funds poor in.
ETF is now where bitcoin just got it's big boy pants and that's a great thing.
Drawbacks: I can only trade during trading hours, but the big boys don't give a shit that's the way it's always been.
Not ETF but kinda related: I can hold BTC in Fidelity which I trust 1000X more than any exchange and I don't incur any on and off ramp fee's and they handle the tax paperwork perfectly.
conclusion on personal not corp: Is this the only thing? of course not, never hold everything in one place! NEVER! Sure hold your hardware wallet! Keep some on an exchange for ease, I do buy things sometimes as my HW wallet is inbound only, never been outbound. And if you have a substantial amount of BTC, keep a few HW wallets on different technologies.
There ya go youngsta.