Totally agreed, as i read a topic yesterday having the same issue concerns about connections of
Banking Sector in the Crypto world and how it could affect the industry. Well, the point was the same which is if you do not own the key then the coins are not yours.
If you invest in Bitcoin ETFs, you will do like invest in tokenized Bitcoin tokens, not actual Bitcoin.
Tokenized Bitcoin projects can have de-pegs and lose their token values and Bitcoin ETFs can have problems with their finance and file for bankruptcies. You as an investor, will lose money.
Risk for tokenized
BTC tokens and Bitcoin ETFs are big enough to not use them if you can get access to buy bitcoin. You always have choices to buy bitcoins if you don't be convinced by convenience from Bitcoin ETFs or tokenized
BTC tokens.
https://kycnot.me/