What’s the vector for an etf rug if they have to hold assets 1:1?
Discussion
most of the ETFs are using coinbase as custody so there is a single point of failure there
government action could happen seizing funds
paper bitcoin games / rehypothecation
fraud
same risk as any other custodian + they will get quite large which increases risk
1:1 will be maintained untill it will not be.
nostr:note1x04dmvwsw7mua4dnrdwqhkhvay9mj7uj3vm5zn57fredxjqza5rq6tswjk
'Cyber attack'