For me ETFs are nothing more than traps to catch fools, in the sense that institutions like BlackRock (the owners of the world) already have it raised in their offer of investments in Bitcoin, in this way through this instrument the investor entrusts his fiat money to these institutions and in return receives a certificate with a wallet address but without the keys. It is simple, they make you believe that you own your cryptos (BTC) but in reality you only have the right to withdraw fiat while the institutions will be the owners of the digital money that you mistakenly believed to be yours.
Under this scheme, BTC will obviously rise in price to 100K or more, because the institutions will receive the fiat money flow to buy the cryptos (in case they actually buy them) and investors will be stuffed with worthless paper in the hope that they invest in the king of digital currencies.
It is necessary to remember these words always: "IF YOU DON'T HAVE THE KEYS YOU DON'T OWN YOUR CRYPTOS".
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Well you're not wrong. However I don't think it makes someone a fool if they don't want to manage their own crypto wallets. Lazy maybe, not knowledgeable more than likely. I'm not saying it's a perfect investment vehicle but it solves a problem, and products that solve problems succeed. The average person will likely never manage their own crypto keys. I wish it wasn't so, but banks, and cloud computing, and ETF's solve problems and lower the barrier to entry.
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