To tell you the truth, I personally am more skeptical that this ETF will give as much to Bitcoin as it did to gold. Gold is hard to buy, hard to sell, each transaction carries the risk of fraud (fake gold), requires a physical transfer to the mint/store and has a huge spread. Gold ETF solved all these problems and made it possible for you to buy physical gold in 2 clicks from home. The same cannot be said for bitcoin, because bitcoin is like gold with build in ETF. It's easy to buy, easy to sell, divisible to cents. And it's not like the ETF will open doors to big institutions either. Microstrategy didn't need an ETF to buy nearly 1% of all bitcoins.
Microstrategy is a completely different situation, at the helm there is someone who is 101%
clued in on Bitcoin and everything surrounding it.
People who are going to use an ETF dont want to know about wallets, storing seeds,
buying and transferring Bitcoin, they want to make a call or press a button or send an
email and its done, they get a certificate to say they "own bitcoin" - thats not good enough
for us but for those institutional investors who dont physically own the Gold in
their portfolio its normal