ETFs are designed to have you rely on a trusted third party.
When you hold shares of an ETF, you are trusting the issuer to:
Give you your money back at a later date
Hold your assets securely
Bitcoin in cold storage is the way to go.
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15 sats \ 3 replies \ @0xbitcoiner 10 Nov 2023
I don't understand why so many people prefer bitcoin ETFs instead of bitcoin. I mean, I do understand! The mental laziness and irresponsibility of humanity is huge. Keep pushing forward, the clock is still counting down.
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9 sats \ 0 replies \ @lvurz OP 10 Nov 2023
I think they think using cold storage is hard or complex 🤔
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0 sats \ 1 reply \ @Zepasta 10 Nov 2023
Same reason why people prefer shitcoins fiat and stocks, they stupid
https://m.stacker.news/4545
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0 sats \ 0 replies \ @0xbitcoiner 12 Nov 2023 freebie
If the profits from other financial assets are used to buy bitcoin, then that's a good thing 😃
Or buying financial assets with bitcoin ?
0 sats \ 0 replies \ @harrr 10 Nov 2023
Yawn. Yes, we know. ETFs still have their use. Not for me though.
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