So.... This "Bitcoin" ETF is cash, BTC and shares of the other Bitcoin ETF?
FM.
It's Wall Street games all the way down What's the bet Coinbase isn't even holding BTC?

The 2008 financial crisis proved: you can't trust what you can't verify. Tradfi have engineered crypto products that, legally, replaced 'verify don't trust' with 'trust me bro'.

Real Bitcoin isn't this. $BWBTC

https://www.dlnews.com/articles/markets/blackrock-eyes-new-bitcoin-etf-with-premium/