[Poll] Would you invest in a bitcoin ETF by Cathie Wood's ARK Invest files? Yay or Nay?

ARK's applied to the SEC in March but the SEC has yet to approve a bitcoin ETF.
For those who are already into Crypto, does this make sense to you?
For those who are not yet in Crypto, does this seem less risky to you?
Source: https://www.reuters.com/business/finance/cathie...

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Tan Choong Hwee

30 Jun 2021

Investor/Trader at Home

Not enough info on ARKB at the moment to make a sound decision.

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Chris

29 Jun 2021

Owner and Writer at Tortoisemoney.com

Correct me if I'm wrong, but this ETF basically invests only in BTC? (I only skimmed the SEC filing haha)

If that is the case, I don't see a purpose in it. It exposes you to the same risks as holding BTC (volatility), but they charge a fee to buy and hold it for you.

If you're not in crypto yet and you're considering this, please don't. Take some time, understand how to use crypto exchanges (Binance, Gemini etc.) and buy it yourself. Don't waste your money on fees.

On the flip side, if this was a ETF of selected cryptocurrencies, say maybe 10 of them (like ETH, SOL, MATIC, UNI, YFI or something), I could see the appeal. But for a pure BTC play, might as well buy BTC yourself.

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