The approval of crypto ETFs has sparked a revolution in the financial landscape, with institutional investors flocking to get in on the action. However, not everyone is on board with these investment vehicles. Critics argue that Bitcoin-linked ETFs could be worse than centralized exchanges because they don’t allow for the withdrawal of the underlying instrument. This means that holders are never able to take advantage of one of Bitcoin’s most important features: the ability to control funds without trusting anyone. Despite this criticism, the potential of crypto ETFs is already being realized, with the Purpose Bitcoin ETF in Canada attracting over $400 million in assets under management within just two days of its launch.
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