If they made ETFs the same as they are now but added an option to convert them to bitcoin this would be ideal, and honestly I could see this happening in like 10 years or something if there is enough demand and a great enough call for it....
It will happen much sooner than what you expect, but why do you anticipate it with such "happiness"?
What will this option offer?
I can think of the ability to justify where you got the bitcoin from, but I 've posted multiple times and have been very vocal about it, I believe this is something we don't need in bitcoin.
I suppose it will create a new avenue of adoption for bitcoin ceptics by alleviatung the risks of owning, such as not being able to pass it down to heirs properly, getting hacked because of improper storage, or sending to a wrong address when transfering and losing coins, etc.
Food for thought:If you buy this hypothetical ETF and keep it for 20 years, then all these 20 years they will hold the bitcoin for you, so when you wanna withdraw it, you may not be able to do so.
If you buy this hypothetical ETF and withdraw to self-custody immediately, it will be the same as buying with any KYC exchange, but with higher fees, so why choose to pay more?!
I agree with what you're saying, it's all risky I suppose. I mean it's not but hey there is always the chance it all gets thrown out, or donated, or just flat out forgotten and passing into the wrong hands.