Think an ETF removes all the risk of losing your #Bitcoin? Think again. Read the fine print in the $IBIT prospectus. If the custodian loses the keys or gets hacked, they are NOT liable unless you can prove "willful misconduct, gross negligence, reckless disregard or bad faith." And the insurance? The prospectus explicitly says the shares are "not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency." "Bitcoin transactions are irrevocable and stolen or incorrectly transferred bitcoin may be irretrievable... resulting in permanent loss." Self-custody still matters. Read the filings.
Dom BeiShare
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