With all the hassle it seems to be to get an ETF approved, do you think financial institution would go through the hassle of giving their share holders their owned value of the second chain?
I doubt they would go through this trouble. I do not even know yet. Are ETFs actually legitimately backed by Bitcoin or not?
Even Exchanges barely go through the trouble of sharing Forked Coins with the customers. Besides the known Bitcoin Forks, I imagine there are hundreds if not thousands more that we did not care about. If they take this route, they would need to do the same for every single Fork that pops up. Right?
By investing in an ETF you do not get a Bitcoin Address of yours. An On Chain Transaction never happens. It is close to what PayPal used to do back when they added Bitcoin to their Service for the first time. You buy or sell Bitcoin, but only on paper. I would be in fact surprised if they announce ETF share holders will be eligible for claiming Forked rewards.
But. Expect something like this to become the new trend of Scams all over the internet some day.