Nostr Web Client

Self-custody is king, BUT if you are not up to it... YET, the Bitwise ETF is not only the cheapest but 10% of profits will go to open-source devs through Opensats, Brink, and the HRF.

The only issue is that they use Coinbase as a custodian instead of self-custodying themselves, like how Fidelity is doing.

You can also pay more and go with the memes with $BRRR if you are rich.

I wonder if they will ever show proof of reserves for these.

- Bitwise, Coinbase / $BITB / 0.20%, 10% of profits to Opensats, Brink, HRF

- Fidelity, Own / $FBTC / 0.25%

- Ark Invest, Coinbase / $ARKB / 0.21%

- BlackRock, Coinbase / $IBIT / 0.25%

- VanEck, Gemini / $HODL / 0.25%, for the OGs.

- Franklin, Coinbase / $EZBC / 0.29%

- Wisdom Tree, Coinbase / $BTCW / 0.30%

- Invesco, Coinbase / $BTCO / 0.39%

- Valkyrie, Coinbase / $BRRR / 0.49%, for the memes!

- Hashdex, BitGo / $DEFI / 0.90%

- Grayscale, Coinbase / $GBTC / 1.50%

karo 1y ago

I don't understand why these big guys don't self custody and cut out Coinbase. it seems dumb to pay another party to manage something you can manage yourself and also take on the risk of whatever shenanigans Coinbase does.

ofc, self custody is king but the accessibility for the masses with ETFs is important too as their first baby step into an orange world.

thanks for putting together this list.

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Discussion

Big Barry Bitcoin 1y ago

They have to prove that they are trustworthy in order to get approved. Using Coinbase gives them an edge.

karo 1y ago

and they think Coinbase makes them trustworthy? 😂