So, more bitcoin goes into the black hole that is banking and out of the hands of those who need it most.
N9 one gets bitcoin back from an ETF. What they will get is fiat and large tax liabilities.
Thailand SEC amends rules on spot Bitcoin ETFs
The Securities and Exchange Commission (SEC) has permitted asset management firms to launch private funds for investing in spot Bitcoin exchange-traded funds (ETFs) but only institutional investors and...
https://www.bangkokpost.com/business/general/2756954/sec-amends-rules-on-spot-bitcoin-etfs. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post
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