Ethereum

After digging into a bit, seems like there are two decent options for gifting crypto in small amounts to children that aren't yours:
1. ETFs in custodial / UTMA accounts (no ETH yet!)
2. Onchain custody route (multisig w/ parents)

Details and reasoning below, what am I missing?

I really like this idea.

I'm also working up a few use cases for people who don't want to manage their own crypto.  I'm trying to get them involved by educating them about the possibilities, but it has proven to be difficult.

Tech exec dedicated to securely onboarding users. 
Board member and advisor to startups and investment groups.
Develops things.   Working to /payitforward

Biggest challenge is removing friction for the gift giver. I actually think the custody side is fine as multisig that parents barely know how to use. Casa Hodl inheritance product might help with legal side in case of gift giver passing