That’s not how property rights work in the U.S. despite what orange pillers parrot
Paying somebody to custody your property does not give the custodian ownership of your property.
If you want to point out that having a custodian may increase the risk of your assets being stolen then make that point.
They have management fees and other custodial costs. So yes, they certainly have some, but if they don’t have enough to repay every client, what’s the point?
I didn't mention about the risk associated with holding bitcoin ETF.
Paper bitcoin can't be exchanged for the real thing.
Are you familiar with "The Great Taking" the laws around property rights with respect to financial assets has changed. You merely hold an interest in the custodied bitcoin, and not primary or secured interest.
It's a free book, available online, that can be read in a day easily.
