Well in that situation he will hold the keys, ain't it?

The joke is on self-custody, ironically he wins.
And he has other jobs too: "custodian for the underlying assets in Grayscale’s family of products, which include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Stellar Lumens (XLM), XRP and Zcash (ZEC)."
https://image.nostr.build/fa2ebdb82fe04397a3e5887af3eaeaa35d2e648eba1f696aef45424ee75ee15d.jpg
nostr:nevent1qqszd8u5g88efmppztz4avre2xljfktv9yj5hpn06d447vm60n9vh9cpp4mhxue69uhkummn9ekx7mqzyrymr8lu6slx5herk0f8zpkwr8j26t0cnwssx8w5v9l3kkg7zzyk2qcyqqqqqqgyu8k9n 

 Lol is the current ETH really that much different from an ETF? You were trusting infura and meta mask and lido and so many other entites just to use the chain as is, seems like for them the ETF is actually an upgrade in security