I don’t understand a crypto ETF… wouldn’t it basically just be a price return swap at that point? Which kind of defeats the purpose of crypto no?
Unless it makes in kind distributions which it obviously won’t.
Crypto isn’t about price right? It can’t be about price… $btc $eth
The investment theses people cook up on why to hold crypto are nearly as numerous as the coins themselves... I think that regardless of what you want to do with it, an ETF makes getting price exposure quite a lot easier, especially in tax advantaged accounts