No capital gains taxes, will be a huge motivator for many people. I’m not sure how your accounts work where you live, but an etf can be held in a registered account in Canada and withdrawn at any point without paying a capital gains tax.

I’m not saying it’s smart, or that it’s better than holding your own keys, but it will be a huge reason people will choose to hold an etf.

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I'm not sure if the USA has capital gains taxes for crypto purchases yet - not that the government would exempt it, but I'm not sure that the leaden feet of the legislature have caught up with crypto yet and whether it's an "asset" (like a security) or a "currency" (like "yen"). AFAIK, USA doesn't tax gains in currencies - I've been abroad many times and never felt that I needed to declare my pitifully small currency exchanges to the government.