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Not great, at all.

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Discussion

Is this the etf thing ?

Yes

Does this account for the bulk of the bitcoin coinbase is said to hold? I remember reading a while back they had loads, bit going back further they never kept any on their own books themselves

Coinbase™️, a CIA company.

Imagine the deep state except, they now have money outside the fiat system…

What could possibly go wrong? 😑

As mentioned before: Do you guys know the one cryptocurrency, that will never see an ETF?

I hate custodians. I hate centralisation. It's a damn risk that is ignored in the name of NGU.