While ETFs may boost Bitcoin's price and bring more liquidity into the market, they could also promote the centralisation of accessing it. For instance, investing in a Blackrock ETF imposes certain limitations on the investor. These limitations include individuals and investors being bound to a centralised custody solution that cannot be easily escaped. It consolidates centralised control over a market and asset that was meant to liberate them.
This shift towards centralisation resonates with a model of control and command that seems at odds with Bitcoin's original vision of empowering individuals through decentralisation. Bitcoin was conceived as a tool to redistribute power from centralised authorities to individuals, but the advent of ETFs risks subverting this ideal. Investors need to consider the direction this journey is taking them. Would it not be more prudent to invest directly in Bitcoin, where they retain full control over their assets and are not subject to oversight by the SEC?
