Fiat land is dumping into #Bitcoin adjacent stuff because trying to buy BTC right now is just unaffordable given what the marginal demand will do to the price. They are all trying to make their gainzzzzz and think they are the smartest people in the room by buying paper claims to entities that are exposed to BTC. They still do not understand the concept of “the final trade”. We will dance on their financial graves. LFG.

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The ETF is for people who are too chicken to hold their private keys

There are many such offerings out there. The ETF will just be the newest, shiny one.