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0 sats \ 0 replies \ @orthwyrm 22 Jun 2023 \ parent \ on: Daily discussion thread
They are a quick and easy way to get price exposure, at the expense of several layers of counter-party risk.
If a company deems that risk exposure acceptable, that's on them. But my suspicion is that the risks of Bitcoin ETFs are generally underestimated. I think a company would be better off spending some small % of their Bitcoin budget on setting up a self-custody system, or at least waiting until industry standards emerge around self-custody models.