I believe Fidelity is one of the only major ETF issuers that isn’t using Coinbase to custody their funds.
Right now the market is saying “who cares?” as Fidelity’s ETF still trades for the pro-rated portion of BTC it holds, but I can also see two different arguments one might make.
On the one hand, if Coinbase became a target or was compromised, Fidelity’s ETF holdings would be fine.
On the other hand, if Fidelity doesn’t have a deep understanding of how to custody Bitcoin, they could expose themselves to unique risks.
So my question to stackers is the following: should Fidelity’s Bitcoin ETF trade at a discount or a premium to other Bitcoin ETFs?
Discount16.7%
Par41.7%
Premium29.2%
I have no idea12.5%
24 votes \ poll ended