You really made a voluminous post about the concept of the ETF, Bitcoin etf, it application and it adoption on the STEEM Blockchain.

A Bitcoin ETF is a very goof way for investors to invest in the Cryptocurrency where they won't personally own them in a private wallet or so! Despite the good parts of the Exchange Traded Fund in Bitcoin or others, ithas it various pros and cons. One of the major one is the the etfis controlled by a centralized authority which will interfere with the governance of any decentralized exchange like STEEM.

In all, you have fully given yiur best answers to the questions asked.

Thanks for sharing and good luck with the challenge..