Bitcoin Exchange Hack Reignites ETF vs Self-Custody Debate
A recent Bitcoin exchange hack has sparked debate over whether investors should hold Bitcoin via ETFs or self-custody. Some argue ETFs offer better security through institutional custody, while others emphasize self-custody and caution in trusting exchanges. The incident has been described as particularly damaging to the Bitcoin movement, though some maintain Bitcoin's fundamentals remain unchanged.
Detected & updated continuously · Source: Nebula
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@NateGeraci
Coldcard or ETF? "Frankly, you are better off today holding funds across several publicly-traded exchanges or ETFs." “The exploit could also strengthen the case for institutional custody at a time when spot bitcoin ETFs are attracting mainstream investors.” via @sndr_krisztian https://t.co/veHSDqRrNy
@BITVOLT
This is worse for the Bitcoin movement than any major exchange hack of the past.
@Rally__vincent
Nothing has changed in bitcoin. Just need to be careful who you trust your coins with. We will move forward and hopefully they recover the funds stolen. ❤️