Do Bitcoin ETFs really eliminate custody risk? Experts clash.
Jameson Lopp says no loss is solved by giving Bitcoin to a third party.
Third‑party custody adds all self‑custody risks plus more.
Willy Woo cites a December 2025 River report: 1.57 million BTC lost through self‑custody, 1.51 million on exchanges, none through spot‑ETF custodians.
He notes Coinbase Custody has gone more than eight years without losing coins, while self‑custody lost 136,000 BTC and exchanges 13,000 BTC in that period.
Lopp points to Ari Paul’s allegation that Coinbase lost $25 million and covered up hacks affecting at least a dozen firms and more than $1 billion, a claim he says remains unproven.
Which custody model do you trust for protecting Bitcoin: self‑custody, professional custodians, or ETF structures?
#Bitcoin #ETF #Custody #Crypto #FinTech
Jameson Lopp says no loss is solved by giving Bitcoin to a third party.
Third‑party custody adds all self‑custody risks plus more.
Willy Woo cites a December 2025 River report: 1.57 million BTC lost through self‑custody, 1.51 million on exchanges, none through spot‑ETF custodians.
He notes Coinbase Custody has gone more than eight years without losing coins, while self‑custody lost 136,000 BTC and exchanges 13,000 BTC in that period.
Lopp points to Ari Paul’s allegation that Coinbase lost $25 million and covered up hacks affecting at least a dozen firms and more than $1 billion, a claim he says remains unproven.
Which custody model do you trust for protecting Bitcoin: self‑custody, professional custodians, or ETF structures?
#Bitcoin #ETF #Custody #Crypto #FinTech