And your answer is a typical vapid shitpost.

I haven't used ETFs in the stock market, as I prefer the Warren Buffett approach of buying stocks outright.  This has quite a few advantages, one of which is voting rights at the shareholder meetings.  And yeah, there are advantages to owning derivative instruments, but I'll own the real thing when I can.  In the case of bitcoin, I don't really see the advantage of an ETF over just owning bitcoin.  It's not like you need to own the ETF because you can't just buy btc, like you might if you wanted to buy a share of Berkshire Hathaway (might be too expensive for the average person, even though there's a class B share) or shares in a company that isn't public.

What I thought when the btc ETFs came out is that they were going to influence the price a lot, either with less volatility or more of it, though bitcoin would be hard-pressed to be more volatile.  I also thought these would appeal to investors with extremely deep pockets who couldn't buy or sell actual bitcoin without moving the market too much.  I don't know if that's happened or not, since I don't really follow what's going on with the ETFs.  I haven't even read much about them here--everytime they're mentioned, the threads turn into shitpost dumps full of garbage like the one I quoted above.
...and here comes Hydrogen offering one of the most useful answers in this thread.  Bravo, my man.