Opinion: The emergence of BTC is to eliminate the need for a trusted third party, and BTC ETF will not change this.

Gabor Gurbacs, an advisor at VanEck, stated on the X platform that the emergence of BTC was to eliminate the need for a trusted third party, and a BTC ETF would not change this. Many people will continue to prefer holding their own BTC and verifying their holdings. I believe that ETFs will require proof of reserves and ultimately provide timely auxiliary custody options.