I am honestly very skeptical about #bitcoin ETF everybody's talking about.

I have zero confidence and trust in institutions and that the paper bitcoin they will provide will be backed 1:1 by the actual asset. (Not mentioning evaporation of the fundamental benefits of bitcoin itself.)

Maybe it'll be backed 1:1 for couple of days or months, but this will too inevitably break. As everything that is controlled by such institutions. It's just a way for corporations to get exposure to bitcoin price, while it will still be only on-chain self-custody purchases that will actually move the price.