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I lack the knowledge about this ETF to understand the meaning. That's why I can only give my limited opinion: if I believe in Etherium, I buy Etherium and not an ETF? Why should I? It is gold and gold certificates. Why don't I buy the gold? But to each his own
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@MaCF
1) If you are only interested in trading, an ETF is the cheapest thing you can do (i.e. in terms of transaction fees). If you are interested in self-custody, you would of course prefer to buy ETH directly.
2) The decisive factor with ETFs, however, is that they provide access to completely new demand, as we are currently seeing in the case of BTC.