I disagree. In Canada we have had a spot ETF for over a year. It can be held in registered accounts and one would not have to pay any tax for any of the capital gains if held in these types of accounts. I have three friends who wouldn't have gone near btc, without these ETFs being approved and the tax advantages that they recieve. Right or wrong, they were victims of the FUD surrounding bitcoin, and the approval of an ETF legitimatised BTC as a viable place to put one's funds. After holding the paper bitcoin for 3 months I approached them about the benefits of holding actual BTC in cold storage. I was able to convince two of them and the third continues to hold his in the ETF in his registered accounts. I know this is anectodal, but as you argue for nostr, we have to have options for those who are not ready for the responsibility of holding their own keys.