This thread is about bitcoin, and if you provide a link to some other thread, then no problem providing that here.. but we should not be getting into the weeds of comparing and/or contrasting the owning of bitcoin to various derivative products (including BTC ETF products) in this thread.
Getting into too much discussion of BTC ETFs and/or comparing them to bitcoin might be deserving of another thread, to the extent that threads already exist related to such topics.
JJG, here ya go (see below) with a link to a thread titled '
View about Investors of Spot Bitcoin ETFs' about spot Bitcoin ETFs!

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https://bitcointalk.org/index.php?topic=5558262.0You (and others) might want to start reading the above thread from the beginning (the original post) to grasp the full view of everyone that posted in the thread...as of now it only has 40 posts so it's easy to read it all. Enjoy!
Recently Blackrock bought 1,869
BTC. Those 1,869
BTC are to cover shares of their spot Bitcoin ETF (Ticker
IBIT) that investors are eagerly adding to brokerage accounts.
The same thing is going on at Fidelity as investors buy their spot Bitcoin ETF (Ticker
FBTC). These spot Bitcoin ETFs are helping to improve both retail and institutional adoption of Bitcoin and that increases the price of Bitcoin, which is exactly what all of us want!
BlackRock's IBIT and Fidelity's FBTC exchange-traded-funds combined account for 2.5% of the total Bitcoin supply, representing over $30 billion. Recently, Blackrock held 347,766.96 BTC, worth $20.32 billion to cover their IBIT - and Fidelity held about half that much to cover their FBTC.