This is essentially moving backward rather than forward.
So don't be surprised to see more and more investors investing in bitcoin through ETFs or more centralized institutions.
I'm confused. If a person has held bitcoin for a very long time, what is the purpose of moving those coins to EFT? From what I understand about ETFs, there is no added advantage aside from the fact that you don't have to worry about the security of your bitcoin. So if a person had held the coin for over 5 to 10 years without compromising, what then is enticing him about his coins to an ETF address? Is there something else attached to it?
I wouldn't mind if new investors opt for ETFs because they may simply want to invest in bitcoin without dealing with it, but old-timers? To what ends?