They also kick back some of the fees to developer funding, no?

Awesome - this is what I was looking for. Thank you

The two most important things to look for:

1.  Does the ETF offer proof-of-reserves in a trustless manner?  In other words, do they publish their public addresses so that anyone running a node can verify they have the funds they say they have?  I think only the Bitwise ETF does this, which is why I buy it.

2.  Do they custody their own funds, or outsource to the scammers at Coinbase?  BlockFi was a decent company on its own.  They collapsed because they trusted another company to custody all their assets, and that other company went under (3-Arrows and others, via FTX).  Fidelity does self custody of their own Bitcoin, which is why I buy it.  

I only own these 2 funds for the reasons I listed above.  Fuck any ETF that custody's with Coinbase. 

And it's about time Bitcoiners DEMAND proof-of-reserves.  It seems like an afterthought to people these days. 

fiatbad

That's like asking which type of anal fissure you would prefer. 

siggy47

Bitcoin ETF is anything but Bitcoin. Just hold Bitcoin — ETF is shit.

LibertasBR

my advice is use unchained IRA where you hold the keys directly. if you can't do that because you are still employed and can't transfer the funds for whatever reason then hold etfs across different custodians.  "HODL" -by vaneck uses gemini, "FBTC"-by fidelity uses their own, ARKB uses coinbase and bitgo, BITB-by bitwise uses coinbase and offers proof of reserves

byzantine

I don't have a Bitcoin ETF. However, I've read about it (I'm interested in anything related to BTC), and my opinion is that the best Bitcoin ETF is one that actually buys BTC every time someone buys an ETF. The important thing is that each ETF purchase corresponds to a real BTC purchase.

Maximux

I'm thinking about moving some IRA into BTC through an ETF. Hard to tell the difference between the ETFs and find it odd that their returns differ a bit --- is there consensus on the best option?