There is no conflict between spot Bitcoin ETFs and self-custody, and it’s rather a matter of preference, according to execs and analysts from Valkyrie, Jan3 and Bloomberg.
As the crypto community holds its collective breath in anticipation of the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, Trezor Bitcoin analyst Josef Tětek has argued that such products could take people further from self-custody. However, many industry observers don't see a direct confrontation between the concept of a spot Bitcoin ETF and self-custody.
A spot Bitcoin ETF is an investment product that tracks the price of BTC by holding Bitcoin and allows investors to buy and sell BTC through a traditional brokerage account. Unlike a Bitcoin ETF — which offers indirect exposure to BTC — self-custodial solutions enable one to own Bitcoin directly, with users taking sole responsibility for holding the private key to access the assets.
Cointelegraph spoke to several executives and analysts in the industry to find out whether they agree with Tětek on this issue and found that not many do. Most said they believe that these various, and different, methods of exposure to Bitcoin do not compete with each other.
