Very interesting to see that most of this companies are using Coinbase exchange as their custodian, except VanEck using Gemini exchange and only Fidelity is using self-custody.
This tells you we still have long road ahead of us until people realize importance of self-custody and holding your own keys.
Shut down, compromise or hack Coinbase and most of this ETF's are gone.
If Coinbase gets hacked, that's probably the only time that they'll be doing something about self-custody, it's actually a smart thing for most of them to use Coinbase though, wouldn't that mean that they're going to be selling their bitcoins much faster than Fidelity since they're the ones that are using self-custody? Or there's something in the works that's making all of this still work the same for all of them to their favor, you know like cash first and then get the bitcoins later because there's delay something like that. I believe that it's not a long road anymore though, as adoption gets more widespread, I think that it gets more people to be aware that we should consider storing bitcoins for ourselves and the information availability and delivery is much faster than ever so I believe that it's slowly going up from here when it comes to self-custody of your crypto.
For me, this is the biggest challenge right now. How do these companies protect their Bitcoins, or me, there's nothing wrong about using another third-party company for their Bitcoin because it's not their field to protect Bitcoins so for me, it's better than doing self custody, these ETF companies must only focus on what they are doing.