Owning bitcoin is different…

Bitcoin is not all the same.

If you own the ETFs you don't actually own the bitcoin.

You own an IOU on that bitcoin.

A paper bitcoin if you will, though it can't be replicated.

(Source: https://twitter.com/unchainedcom/status/1770910947432890577/photo/1)

Owning bitcoin carries risks though.

You can lose your bitcoin and then lose your bitcoin.

If you own the paper you have insurance.