Second, I believe that Bitcoin ETFs are bound to serve as gateways to crypto’s promised land of self-custody, just as centralized exchanges did over the past years. A virtuous cycle might actually unfold where millions of people get ETF exposure to Bitcoin, learn the benefits of digital ownership, and ultimately opt for true self-sovereignty. Interestingly, from 2004, the approval of the first gold ETFs didn’t hinder gold’s private ownership either; instead, it popularized it.
![A Bitcoin ETF Will Never Be Your Bitcoin A Bitcoin ETF Will Never Be Your Bitcoin](https://www.coindesk.com/resizer/ebNweL6SNcZUu1VmrTudm5feN-c=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/M7SBNBGUPJCJDGIUXOB37TN74I.jpg)