It still blows my mind how people praise BTC ETFs. The whole point of crypto is to be decentralized. I don't see why you would want to pay an extra fee and extra liquidity risks to hold something that was meant to be safe and personal
•
11
•
@F4llenAngel There is a simple answer:
It's the institutions. If you are a company, hedge fund, pension fund, etc. and you want to get Bitcoin exposure, you don't want to worry about custody. Which person(s) should have access to the seed phrase? What if someone runs off with it? You could use concepts like multisig wallets, but that gets too technical for these people.
It's the institutions. If you are a company, hedge fund, pension fund, etc. and you want to get Bitcoin exposure, you don't want to worry about custody. Which person(s) should have access to the seed phrase? What if someone runs off with it? You could use concepts like multisig wallets, but that gets too technical for these people.
•
11
•@stefan_21 I get that, but lately most inflows are actually from Retail investors. These ETFs seems to be just another way of Blackrock and big investment firm to get extra income
•
11
•