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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-05 05:18:08 UTC
Verified By
Rollup News
BlackRock's involvement in Bitcoin ETFs may lead to centralized control and manipulation, potentially undermining Bitcoin's original principles of decentralization and self-sovereignty.
BlackRock's $IBIT ETF holds a significant amount of BTC, but the keys are held by Coinbase Custody.
ETF investors don't own Bitcoin directly but hold a proxy to its value, limiting their control and utility.
BlackRock can influence Bitcoin's future through Wall Street infrastructure, potentially leading to a split between sovereign BTC and ETF BTC.
Self-custody is crucial to defend Bitcoin's original purpose and maintain true ownership and freedom.
Centralized control of Bitcoin through ETFs.
Potential censorship and manipulation of Bitcoin transactions.
Loss of self-sovereignty for ETF investors.
Risk of Bitcoin's original principles being undermined.