The current news on Grayscale Crypto is very revealing.
https://www.barrons.com/articles/grayscale-bitcoin-trust-investments-etf-crypto-51656705770
-The latest blow came this week, when the Securities and Exchange Commission denied Grayscale’s bid to convert the trust into an ETF.
-SEC resisted a decision for a Grayscale Crypto spot ETF, citing potential manipulation on crypto exchanges among other issues.
How about those crypto account lockouts? Who do you even go after to recover the funds? As shady as banks are, at least you're insured for up to $100,000