Congratulations to the BTC spot ETF for having large cash flows from investors in the United States, and I think the BTC spot ETF funds/providers will receive huge management fees this year 

I would never sell my BTC to buy a BTC spot ETF. There are many reasons for that:

• I have a BTC address and know how to use a self-custodial wallet to store and transfer my BTC.
• I don't have so much BTC that I need someone else to manage it for me.
• I don't want to pay even 0.25% management fee per year.
• I am not a US citizen, I simply cannot invest in BTC spot ETF.

Sorry BlackRock, Fidelity, Bitwise, ArkInvest... you will never have my BTC