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If not enough independent entities/individuals self custody #bitcoin, it goes to zero. Your ETF goes to zero.

That's the game theory, bitcoin ownership must remain good part decentralized.

Man up and do your part.

It's easy.

all that happens is that one day people who think they have bitcoin in an etf find out they don't

so they realize they are actually hugely short bitcoin and all try desperately to do something about it at the same time..