Also, at some point, post the etf approval and launch which should close the GBTC discount, I’ll probably buy spot Bitcoin. This is all in my Roth, so I’ve got to roll it over to some place that will let me do that like unchained. And for various other reasons, I wasn’t able to do so.

Also, I’m not too worried about counterparty risk or seizure of bitcoin by the government in the immediate future. So, I wanted to trade my way into more bitcoin than I would otherwise have. But I do think both are real risks in the medium to long term.