I agree, because I can't see how they "clean" it up, unless ETFs can only purchase newly mined bitcoin with virgin transaction history which will be a nightmare to acquire based on capital flows and it only gets murky with time

I just think that self-custody is the killer app and people need to learn to hold their own bitcoin that's why I am not set on an ETF, just a centralised future market dumping mechanism that governments can co-opt.

I say disperse the coins