definitely, privacy is compromised into this type of investment. however, it depends on the investor if he will comply with such requirements. this ETF on the other hand, provides a good avenue for public to learn more about this digital market. as previously viewed as being used only by illegal actors, now with the introduction of crypto-related ETFs, the notion to this market in my opinion is changing. so whether this one is not good for hard core crypto users because they don't want to compromise their privacy, this on the other hand, is good for crypto adoption. because previously noncrypto users will now have more confidence in looking at this market.
The argument that bitcoin is used by all kind of shady people will remain, it is just that now it will change and instead they will portray themselves as the good guys and make the argument that anyone that is outside of their sphere of influence should be the subject of greater scrutiny, so not much is going to change on that regard, the only thing that it will change is that we will see even more money coming to this market, and as a result the price of bitcoin should reach higher levels than what we expected before.