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I am with TR and still have $XEON. For two reasons: because I don't pay capital gains tax on the TR interest, or it is deferred and only becomes due when I sell it (in about 10 years' time, when I use it to pay off the remaining debt on my apartment).
Secondly, because if the worst comes to the worst, the ETF units are special assets.
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@Psychedelic_Sunflower The risk in this case would be that interest rates would soon be negative again, although this is fairly unlikely.

However, your reasoning makes sense, but I am now also considering investing my cash reserves in the ETF
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@Aktien4Million Negative interest rates don't happen overnight. As soon as the prime rate falls below that of my property loan, shares will of course be sold and unscheduled repayments made. Until then, the money should be happy to work.