For legal reasons, it would have to be some form of multi-sig.

Can you imagine if we could hold our own keys?
That would be like paradise, but I can see a lot of people abusing that system.
Maybe a multi-sig system?

Satosora

They will definitely cash it out in fiat. There's no claim whatsoever that it's your bitcoin. The ETF holder only has a claim on the value of those bitcoin transactions. It's the same for any other ETF, like gold or oil or whatever.

That could change if the regulations change in such a way that we can actually hold bitcoin directly in these accounts.

Stacker_Stocks

BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis

BlokchainB

They will definitely cash it out in fiat. There's no claim whatsoever that it's your bitcoin. The ETF holder only has a claim on the value of those bitcoin transactions. It's the same for any other ETF, like gold or oil or whatever.

That could change if the regulations change in such a way that we can actually hold bitcoin directly in these accounts.