Agreed on all that, but you are speaking of dollar maximalists.

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I did not mean that maximalists will support this ETF, but that maximalists will suffer the consequences of this ETF.

Ahh. Yes. Accept the things that come and plan accordingly. Can even rejoice on the short term price increase, but regulatory capture of the mining industry is truly a concern. Fortunately there's cheap electricity outside western hemisphere.

Their fork will surely bolster OFAC/FinCEN hosted wallet and travel rules. They will slam the door, ensuring that you cannot personally redeem chain split coins. They will cite AML, KYC, and demand proof of origin of funds.