Do Bitcoin ETFs Remove Custody Risk? Analysts Disagree
BTC when published $83,432Now $80,595 ▼ −3.40% since it was published
Jameson Lopp has argued that no type of Bitcoin loss is solved by handing the asset to a third party. It led to a spat with analyst Willy Woo and other X users over whether professional custodians are safer in practice than individuals holding their own keys. A Custody Argument Plays Out on X In a post on the social platform, Lopp took aim at the claim that an ETF removes the worry of losing BTC. “There is objectively NO type of loss that can be solved by giving your bitcoin to a third party,” he wrote. “Third party custody is exposed to every self custody risk PLUS MORE!” A user named Dima conceded that custodians carry every individual risk plus counterparty risk, but countered that most people are undone…
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
