Replying to Avatar epsql

I cannot really understand why sovereign wealth fund would not simply buy the real keys. Do you want me to believe they're not able to have the proper infrastructure and organization in place to secure the keys?
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Cruz 1mo ago

Corruption. Could you imagine?

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epsql 1mo ago

Not really, what does the UAE fund get by buying ETFs instead of actual UTXOs?

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Cruz 1mo ago

No custody risk.

It’s very early in sovereign/institutional adoption. I’d rather they start here than not at all. Worst case scenario is a big sov/institution loses a sizeable amount of coins and scares off everyone else.