ODELL on Nostr: most of the ETFs are using coinbase as custody so there is a single point of failure ...
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
Published at
2023-12-05 14:41:23Event JSON
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"pubkey": "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9",
"created_at": 1701787283,
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"content": "most of the ETFs are using coinbase as custody so there is a single point of failure there\n\ngovernment action could happen seizing funds\n\npaper bitcoin games / rehypothecation\n\nfraud\n\nsame risk as any other custodian + they will get quite large which increases risk",
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