You're always PPP.

Thanks for asking.

Let me view it clearly from the perspective of India. Here, if I buy 1 BTC from an exchange and it turns out profitable in terms of fiat, I need to give away 32.1% of profits as taxes.

But when I buy spot ETFs, I can buy them (upto a limit of $250000) and will be taxed flat 25% on dividends.

Also, if I choose to hold any investment in ETFs for a period of 24 months, it becomes subject to capital gains and will be taxed flat 20%.

So, taxwise and for compliances, people from India are getting more inclined towards ETFs. It's a harsh reality for me.

I'm not buying any ETF thing, not today, not in my life because I don't like any type of middleman for letting me hold onto something that is mine.

TBH, I already knew that ETFs are becoming popular among Indian investors, but it's only after your post that I looked for rules and regulations regarding investing capital in US Stock markets.

So, Thank you so much. A frivolous gift, enjoy a thousand sats as my gratitude.