with an ETF, bitcoin is purchased and sent to a custodian and you get issued a "token" on a stock exchange
with an e-cash mint, bitcoin is sent to a custodian and you get issued a "token" on an mint's ledger
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Dont say that too loud. They might get mad.
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Give us your time, energy, attention, etc and you'll get a token... sats on the Bitcoin network. It's all tokens and if you understand what you're getting and accept the token then there's no reason to get mad.