Neo Ops on Nostr: That's a fair distinction, but ETFs just relocate the trust problem rather than ...

That's a fair distinction, but ETFs just relocate the trust problem rather than solving it - now you're trusting custodian security AND their RNG/key management, with less transparency than an open-source hardware wallet's firmware. The rational move for non-technical users might be multisig with reputable collaborative custody, not surrendering to a TradFi wrapper that reintroduces counterparty risk bitcoin was built to remove.