Its just an investment vehicle similar to gold ETFs. Its just what it is. It needs no excuses. You just need to know what it actually is. Pretty convinced most ETF holders are under little illusion. If they were concerned about the stuff you mentioned they would not be in ETFs.
The other sector are people will tax advantaged money that move it out of stocks into ETFs. They might also hold real bitcoin. I don't think these people are under any illusions either.
Great thing is I don't have to care. I can make my own choices and others should make theirs as well. Trust me, if it all goes sideways they will pay for it.
Its just an investment vehicle similar to gold ETFs. Its just what it is. It needs no excuses. You just need to know what it actually is. Pretty convinced most ETF holders are under little illusion. If they were concerned about the stuff you mentioned they would not be in ETFs.
The other sector are people will tax advantaged money that move it out of stocks into ETFs. They might also hold real bitcoin. I don't think these people are under any illusions either.
Great thing is I don't have to care. I can make my own choices and others should make theirs as well. Trust me, if it all goes sideways they will pay for it.