Monty Python Royal Society For Putting Things On Top of Other Things

>"The historic approval paves the way for the first regulated exchange-traded product in the U.S. to give investors direct exposure to the price of Bitcoin without requiring them to buy it or worry about self-custody. Investors will buy shares in ETFs holding Bitcoin as its underlying asset ." Interesting! Looks like we've paved the way for yet another abstracted financial instrument -- which sits on top of yet another abstracted financial instrument ... My only question, at this point in time, were I to have one, would be something like the following: What's the maximum levels of financial abstraction -- that can be stacked on top of one another? ? ??? Related: [link] [link] [link] [link] [link] [this video]