I've seen a lot of shade being thrown around this sub recently about self custody. Lots of people saying the ETF is easier for most to hold and more secure than an exchange. They are wrong.
I'm here to remind everyone that bitcoin on an exchange, with a custodian, or in an ETF is not bitcoin. It is an IOU for price exposure to bitcoin. Unless you have the keys to your own coins in self custody, you don't own anything, you simply have a voucher for the asset and most ETFs can only be redeemed in USD anyway.
Self custody is pretty much the entire value proposition of bitcoin. Without coins in self custody, your node is irrelevant and your coins can be confiscated just as easy as gold was with executive order 6102.
If you really want an easy way for your grandma to hold bitcoin, look into collaborative custody solutions.
Not your keys, not your coins. Trusted 3rd parties are security holes. Don't say we didn't warn you. .
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