Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.
Robert only said the truth that most of us knew.
But from knowing about the risk, to practice against the risk, is different and not all of people knew about the risk will have practice against the risk.
Not your keys, not your coins gives enough information on risk of storing bitcoin in custodial wallets like centralized exchanges. With Bitcoin Spot ETFs, risk is higher like doubled. Bitcoin Spot ETFs are not custodians, they hire other companies like Coinbase as a custodian.
Reminder: do not keep your money in online accounts