ETFs have no business investing client money into devs or anything besides spot… that’s some fiat bullshit. Individuals can decide if they want to be charitable or not.
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There it is… the dumbest thing I’ve read all day
It's an infrastructure investment in the commodity class, which could increase the value of the commodity. That is in the clients' interest. It's like helping to fund a road to a new gold deposit, when you have a gold mining ETF.
Customers who don't want that sort of thing, should self-custody.