Makes absolutely no sense to have a bitcoin etf. The only value bitcoin has is as a censor and seizure resistant money that can be transported at the speed of light, as a digital native bearer asset, and can be transported across borders by simply memorizing 12 words. It has zero value beyond this, and if you have "your" bitcoin in an ETF you don't have any bitcoin and you lose all of the benefits of bitcoin. So why even make this? It doesn't make any sense.