I think we're actually almost saying the same thing. In the event of a dollar collapse, the value of the ETFs would skyrocket to $billions/trillions per share. I think the holders would be paid out billions of dollars on redemption.

It's just that the dollars won't be able to buy almost anything.

To me it just underlines the need to self-custody enough of your Bitcoin for when that happens. You could hold some ETF in the interim to make $ gains and do well, tax free while the system keeps going.

Currency collapses are truly devastating to 99% of the population, I hope we get a lot more people to own hard assets before something like that happens.