Coinbase holds $32.4 billion of the total $36 billion in #Bitcoin ETFs…

Let me reiterate an echo that has boomed in my head ever since I found #BTC: NOT YOUR KEYS NOT YOUR COINS.

Coinbase can still screw the pooch and I don’t trust them any more with my #Bitcoin now than I did before the ETFs.

Coinbase is incentivized to keep the crypto carnival going. I doubt we will see other coins get ETFs. Depending on how sustainable Coinbase’s business model is with #BTC’s demand continuing to outpace altcoins.

My question is: what will they do when they find themselves in the same position as FTX?

All I know: I have 0 counter party risk, good luck to those who can’t remember 12 words and a pass phrase.