TL; DR
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With ETFs, investors never actually own the asset, but the fund holds it for them – which comes with its own risks (uhhhh hello FTX, Lehman Brothers, Silicon Valley Bank).
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Buying/storing a cryptocurrency through an intermediary (centralized exchange) undermines the exact reason why Bitcoin exists: to allow anyone to participate in the global financial system, giving them full ownership over their assets, investments and information.
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Giving investors the opportunity to purchase Bitcoin ETFs introduces them to the world of crypto, allowing them to dip their toes in, learn, and ultimately (hopefully) dive head first.
Full story
You know the saying: people are creatures of habit?
We had to find out who came up with it…
(So you know for the next trivia night: it was Stanley Hall in the 1870s).
We bring this up because this saying is the perfect summary of why we love Bitcoin ETFs.
The concepts behind ETFs and Bitcoin are radically opposite.
With ETFs, investors never actually own the asset, but the fund holds it for them – which comes with its own risks (uhhhh hello FTX, Lehman Brothers, Silicon Valley Bank).
Buying/storing a cryptocurrency through an intermediary (centralized exchange) undermines the exact reason why Bitcoin exists:
This means that anyone can participate in the global financial system, gaining full ownership of their assets, investments and information.
BUT.
People don’t change overnight.
Giving investors the opportunity to purchase Bitcoin ETFs introduces them to the world of crypto, allowing them to dip their toes in, learn, and ultimately (hopefully) dive head first.
It takes time for people to adopt new ideas.
…but giving them a stepping stone (ETF) will certainly help them make the leap.
