I'd say that it's better to buy BTC itself. But it feels kinda strange to see someone asking stuff like this when they have $4,626,720.67.
Have you been reading what people are posting on this thread? You can clearly understand that the OP is talking about a project and not his own money. But it is true that it is better to buy bitcoin instead. But bitcoin ETF token is not related to bitcoin at all.
Look at the ETF's nature: it provides Bitcoin access without the actual of owning Bitcoins. ETFs are easy, but they dont offer the same control or potential benefits as owning Bitcoin directly. You invest in an ETF that tracks the price, not the asset.
OP is talking about a token, not bitcoin ETF.
Because United States has not approved bitcoin spot ETF, that does not mean other countries like Canada and some European countries dies not have it. There are countries that have bitcoin spot ETF.
What you are referring to are only bitcoin future ETF.
If you love Bitcoin, why not buy it directly? This helps the Bitcoin ecosystem and promotes bitcoin ownership. Direct investing provides a closer relationship with the asset, worth considering.
You are right, it is better to buy bitcoin directly. With that you will have complete control if your coins.