The concept of a BTC ETF completely boggles my mind. I just can't comprehend why anyone would pay some fund fuck to buy BTC for them, instead of just buying the BTC themselves.

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For people not curious enough, or for those who want to diversify their portfolio, and are only interested in Bitcoin from a price point of view

I mean, yes, I know that's the reason, I just can't process it to make any sense. Because as a speculative asset, BTC today is quite surely a good way to get rekt. I buy BTC to HODL, with a very long outlook. I would never trade it.

Yeah understood, that’s the difference in perspective. We buy bitcoin for its intrinsic value, regardless of the price.