Bitcoin ETF, Is it really worth?

Bitcoin ETF is currently in news as SEC recently rejected Winklevoss twin Bitcoin ETF and fate of 9 others ETF will be decided in next 2 month .

Whatever the SEC decide on it in future will be interesting to follow. It will be worth nothing that Bitcoin ETF will be treating Bitcoin as an asset not as a currency. As per fundamental of ETF , Bitcoin ETF will simply means that Bitcoin will be locked as an asset and ETF will be traded in exchange.

Why Bitcoin ETF should not make appeal to the Bitcoin community.

1. Treating currency as an asset to trade in exchange.
2. For ETF, Bitcoin need to kept secured, means ETF will remove that amount of Bitcoin to be available for active transaction.
3. Bitcoin can be easily purchased and sold so it is not that Bitcoin ETF is making bitcoin more available to masses.
4. ETF do not gurantee that it will solve the Bitcoin price volatility problem.
5. ETF might give rise to "HODL" mentality that is not good for Bitcoin. (I will explain it sometime later.)

ETF will help Institutional Investors or other organization to invest in Bitcoin but Bitcoin is meant for P2P transaction and Satoshi did not created it to be used as Investment product.

Treating a currency as an investment product is an awful idea.

Adding youtybe video from Andreas Antonopoulos

Reusing my own article posted at https://bitcointalk.org/index.php?topic=4861485.msg43808862#msg43808862 with slight modification.