Exchanges· ★★· neutral·

Do Bitcoin ETFs Remove Custody Risk? Analysts Disagree

  • —Lopp: third-party custody carries every self-custody risk plus counterparty risk
  • —Woo: 1.57M BTC lost via self-custody, 1.51M on exchanges, zero via ETF custodians
  • —Coinbase Custody has not lost coins in over 8 years, while self-custody lost 136,000 BTC
  • —Lopp pointed to Ari Paul's unproven $25 million allegations against Coinbase
Why it matters: The debate touches a core argument for spot ETFs: institutional custody versus self-custody, which shapes capital flows into Bitcoin funds.
#BTC
Source: CryptoPotato
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