I cannot really understand why sovereign wealth fund would not simply buy the real keys. Do you want me to believe they're not able to have the proper infrastructure and organization in place to secure the keys?
Discussion
Corruption. Could you imagine?
Not really, what does the UAE fund get by buying ETFs instead of actual UTXOs?
No custody risk.
It’s very early in sovereign/institutional adoption. I’d rather they start here than not at all. Worst case scenario is a big sov/institution loses a sizeable amount of coins and scares off everyone else.