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PSA: ETFs aren't Bitcoin!

Self-custody takes effort, but nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 warns against the passive mindset of deferring to ETFs.

The cost of laziness? You don’t really own Bitcoin.

[BR091]

https://m.primal.net/OKFD.mov

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Discussion

curt finch 11mo ago 💬 1

as the cool thing about the ETFs is that I can sell calls out of the money and collect essentially interests on my Bitcoin

Marc 11mo ago 💬 1

That's not bitcoin. That"s fractional reserve banking.

curt finch 11mo ago

I know

g0ldeneagle 11mo ago

True or other forms of light leverage like buying calls or using margin. You can define your own leverage profile.

Also with in kind redemption coming it’s closer to an exchange