lol I have an inconsequential amount, like .75 of a share of ibit, I think I’m up like 4% on a couple months, it is kinda wild how much of the available bitcoin the etfs hold so I figured why not
Discussion
Becuase it could be taken from you. If you hold bitcoin with keys, you aren't subject to another person's greed and potential rug pull. That's just me.
Nah man I get it, bitcoin on a wallet backed by your own keys is the way, the way I look at it, you’re almost counting on their greed to not rug you, every other week it seems that fidelity(for example) comes around more and more to bitcoin sticking around, and their ETF is raking them in cash hand over fist(lack of a better term ironically), so why would they do something to jeopardize that position?
I don't really know. I just like being a ghost also.
I get that, takes some getting used to
Threat may be external eg confiscation or perhaps a financial crisis causes some of the ETF purveyors to go bankrupt and all these fiat / paper bitcoin games come to light and they don’t have your sats.
It also sucks to have a permissioned claim to Bitcoin instead of having permissionless control of your funds.