Reddit Posts
Was the $6.5 billion hack a way to get users to get off exchanges and buy more etfs?
The "never spend your Bitcoin" narrative is actively hurting adoption.
Between Binance, Coldcard and Ledger… I’m happy holding IBIT
Was about to put $60k into Bitcoin, then I saw this news
Fed holds rates at 3.75%–4.00% in a 10-2 vote; Bitcoin trading around $80.5K–$81K
What’s the point of accumulating Bitcoin when, according to the power law, the average annual return from 2035 onwards will be 25% ?
The $10 Insult: Why Congress’s De Minimis Tax Exemption Betrays Everyday Earners—and Locks Bitcoin in a Golden Cage.
The $10 Insult: Why Congress’s De Minimis Tax Exemption Betrays Everyday Earners—and Locks Bitcoin in a Golden Cage.
BTC loses $80K: $404M in longs flushed in 4 hours, $773M in ETF outflows in two days
First BTC buy: ~$5K DCA over 12 months is the plan. Help me understand where to start.
XRP Bulls Target $1.46 Following ETF Recovery
The $81,500 Maginot Line: Inside Wall Street’s Cost-Basis Trench War and the Final Defense of the Bitcoin Bull Market.
The $81,500 Maginot Line: Inside Wall Street’s Cost-Basis Trench War and the Final Defense of the Bitcoin Bull Market.
Crypto traders seek shelter in bitcoin (BTC) as shitcoins slide, ETF flows wobble
FINMA Approves Switzerland’s First Bitcoin ETF for Retail Investors
What objection do you hear most from people who still won’t buy any?
Bitcoin is holding up, but is the market really recovering?
Bitcoin Analysis, Momentum, and Four-Year Conjecture (2030)
Would you trade $2 million of a Bitcoin ETF for $1 million of real on-chain Bitcoin in self-custody?
Why 13 Weeks Of Strong ETF Flows Haven’t Moved XRP
What would make you switch from bullish to bearish on crypto, or the other way around?
Do you think it's the right time to buy more BTC?
What is the benefit of self storage and managing wallets when you can just buy a BTC ETF
The Easiest Way to Control Bitcoin Holders Is to Scare Them Out of Self-Custody.
Thailand Bitcoin ETF Listings Start October 16 After SEC Approval
BTC ETFs went from +$2.4b to +$241m in a week. cooling off or just a breather?
Bitcoin’s $87,000 Wall: Your Breakout Is Someone Else’s Exit. ETF buyers are back. So are sellers. Behind the stalled rally is a struggle between fresh conviction, old regret, and demand that has quietly slowed.
Bitcoin’s $87,000 Wall: Your Breakout Is Someone Else’s Exit.
Asset manager with 400 million Assets Under Management files Pepe ETF
Run a node and feel the economic energy at your fingertips.
IS CRYPTO WINTER OVER? Lots of analysts now think so after price rerate and ETF inflows spike post Clarity Act failure
Bitcoin ETF demand is back, but the flow is not evenly distributed
Uptober: BTC has closed green in 10 of the last 13 Octobers. But we've got a potential Fed hike on Oct 27 and 10Y yields over 5%. Does the pattern hold this year?
I bought BTC and ETH very early. Then I discovered leverage and gave it all back.
Is tokenized gold actually better than a gold ETF?
Bitcoin is at $86K. Are we seeing real demand or just a short squeeze?
Nearly $1B in Bitcoin ETF inflows yesterday - the highest since October 2025
BTC breaks $82K resistance, hits 8-month high of $86K — but leverage is piling back in fast
Is this rally being driven by Bitcoin buyers — or just shorts getting destroyed?
I like the boggle head approach — but,
I’ve Been Trying to Break My BTC Thesis Since August — Here’s What Survived
I’ve Been Trying to Break My BTC Thesis Since August — Here’s What Survived
Bitcoin’s 21 Million Paradox: Everyone Wants Cheap Transactions. Who Pays for Security?
SGX cleared by CFTC to offer BTC and ETH perpetual futures to US institutions
I track perpetual open interest across four venues every day: ETH's book just closed at 70.2% of Bitcoin's, rank 1 of my 73 sessions, while funding sat on its median
BTC keeps hanging around $80K despite ETF outflows. Is that actually bullish?
The $400,000 Mirage: Why Coinbase Wants You to Believe the Bitcoin Four-Year Cycle Is Dead.
bought a top again because i can't leave green candles alone
'Bitwise Kills Dogecoin ETF After 10 Months — Is the $1 DOGE Dream Dead?'
A Simple 5-Field Log for Reviewing Bitcoin Decisions
Looking at the shady background of the VCs behind Zcash (ZEC)
ZEC is really above four digits now?
YTD Performance Split: BTC (-12.5%) vs S&P 500 (+11.5%) with +$227M ETF Inflows. What’s your take on current risk levels?
YTD Performance Split: BTC (-12.5%) vs S&P 500 (+11.5%) with +$227M ETF Inflows. What’s your take on current risk levels?
Bitcoin sentiment is split exactly 15/15 between FOMO and FUD right now, which basically means nobody's convinced either way
Bitcoin sentiment is exactly split 25/25 on FOMO vs FUD right now, and the tweets show traders just waiting for a signal near 65k-66k
Bitcoin sentiment right now: FOMO barely edges out FUD (20% vs 15%) while everyone waits on ETF and macro news
Bitcoin sentiment right now: FOMO barely edges out FUD (20% vs 15%) while everyone waits on ETF and macro news
Bitcoin near $79.5K, three straight weeks of ETF inflows, and a Fed week that could decide which way this breaks
Privacy coins are rotating as a sector, not just Zcash
¿Qué bróker utilizas para comprar acciones, ETF o criptomonedas?
We still aren't out if the woods for BTC
Bitcoin ETF inflows hit $3.8B in strongest three-week stretch of 2026
Bitcoin liquidity fears rise despite billions in ETF inflows
What’s the hype about $2.25B Goldman Sachs’s bitcoin deal
What’s the hype about $2.25B Goldman Sachs’s bitcoin deal
If a Bitcoin fork creates a new asset, what actually happens to it inside IBIT or FBTC?
Goldman Sachs Becomes Largest Spot XRP ETF Holder
the ETF inflow streak breaking may be healthier than people think
Mentions
The advantage is that nobody can pause your access. This week, people with coins sitting on Binance couldn't withdraw them, however safe the exchange looked on paper. IBIT's Bitcoin sits with a custodian the same way. If that custodian ever has a bad week, ETF holders can only watch it happen. Self-custody does take care at setup, I'll grant that. After that there's nothing to manage day to day, and no one you need permission from to move your own coins.
its not a conspiracy theory that blackrock owns the miners and they own the bitcoins of their customers while their customers own the ETF, you think black rock cares about your people coin? no they care about making returns, and when you are expendable, they will compromise the chain.
To ETF buyers maybe. Bitcoin still wins :)
The prospectus literally says investors eat the loss if the bitcoin is drained. Now sure they 'might' as a 'gesture of goodwill' reimburse you, but then again binance 'might' reinburse from this hack, it's not a guarantee at all. If someone got inside one of the wallets and drained a few million? I'd expect Blackrock to eat it. If the entire ETF went down? Wouldn't be too confident of getting reimbursed.
They do eat a very large loss. They lose all of the aum fees and get burned reputation-wise across all of their products. You’re stupid if you think they just say “oops, got hacked, sucks to suck” Also I’ve worked for an ETF issuer in the past. The custody isn’t as simple as “Coinbase does it”. Accessing the crypto is akin to a nuclear launch code. There are multiple parties involved and no hot wallets. It’s far safer than me or you decided we’re just going to try it ourselves and hope for the best
The ETF is just a proxy for customers buying it. They aren’t buying it for themselves
But the payoff for hacking an ETF is much higher
Because I can buy an ETF and let a major financial institutional custody the assets instead
Sleeping well matters, so I get the appeal. But IBIT doesn't remove the custody question, it just hands it to BlackRock and Coinbase. This week showed what that means in practice: when the custodian has a bad week, your access is a permission, and it can be paused. The Coldcard and Ledger scares point the other way, actually. Both were about how devices get bought and set up, not about self-custody failing. Buy direct from the manufacturer, verify on setup, test with a small amount. Done carefully, there's no headline that can freeze your coins. An ETF is a fine way to get price exposure. It just isn't the same as owning Bitcoin.
It is crucial to understand the "Estimated" Return of Capital (ROC) can vary widely from the "Realized" ROC. Many NEOS BTCI investors learned this the hard way last tax season. The leveraged ETFs tend to have lower ROC than the non-leveraged funds. NEOS warns of this in many of their interviews. Because XBCI is a new ETF, it has not yet issued a Form 8937; this will arrive during tax time next year. However, we can look at NEOS BTCI—which has similar ROC estimates—as a cautionary example. There is a reason Form 19a-1 explicitly warns: ***"As a result, shareholders should not use the information provided in this notice for tax reporting purposes."*** ***Example:*** **BTCI ROC (June 2025):** **Estimated ROC (per Form 19a-1):** 95.00% **Realized ROC (per Form 8937):** 44.462767% - These are the actual numbers reported to the IRS. You can verify these figures yourself by reviewing the tax documents located near the bottom of the respective fund page on the NEOS website. Keep this in mind, otherwise you may end up with an unwelcome tax bill.
I’m going to second that this is terrible advice. Either self custody properly or buy an ETF. I don’t advocate leaving coins on an exchange unless you don’t trust yourself.
Holding Bitcoin itself is becoming more ideological support than anything. The future play is ETF's and derrivatives in tax advantaged accounts for the long game. I think it's possible people burned in these exchange hacks will come around to this idea and this is where the next drops will come from as instruments are exchanged for instruments with the safety nets and buracracy digital coins are were meant to fly in the face of.
I have my stack in one of the large ETFs. Why is that not viable. If BTC goes into the millions so will my ETF. Leave the cold storage/hot storage to those guys with all the indemnity that confers. All the "my keys my BTC" people are more worried these days than the ETF holders.
You just explained why they are different? Even if the outcome is similar that doesn’t make the situations the same? How is a tank in value to the ETF due to loss of the backing bitcoin ‘the same’ as someone stealing my bitcoin directly from an exchange, or in my hard wallet? Just because everyone loses doesn’t make it the same? Nothing about your comment explains why they’re the ‘same’ thing. Your comment explains why they are not the ‘same’ thing. Your comment is essentially my response to your question of ‘how are they not the same?’ You even backtrack by the end of your comment to ‘[not] much different’. Even you know they’re different.
Yes, but “the firm” you reference is the brokerage failing, not the ETF holding company. SIPC protects you if your brokerage goes under.
ETFs got destroyed and obliterated and annihilated and explodeded yesterday, but BTC price didn't move as much. Does that mean we see the price move when markets open Monday? I can never figure out the timing on big ETF moves vs. BTC price.
Just split in multiple ETF
LMFAO, thanks for the levity. Absolutely NOTHING about the security of ECDSA and blockchain has EVER been compromised. Not ONCE! Banks, ETFs, CEX's?!?, well all bets are off about institutions that have never been audited and are black boxes to the public. This user is confused by the usual false associations. You don't need a hardware wallet, you just need to memorize your seed phrase and keep a cold wallet on a laptop that never sees the internet. Stop being a lazy fool and trusting your keys to any third party, CEX, ETF, or hardware wallets with embedded silicon that may be compromised. Yeah, crypto is 100% solid, it's just the cruft that gets wrapped around it is flaky and can and WILL be compromised. Grow a pair, chum.
ETF shares being used to suppress price is bit of a stretch but the 6102 thing is real risk that most people dont think about
I don't think you really care but here we go: You’re treating investment demand and monetary store-of-value demand as mutually exclusive. They can overlap. Storing purchasing power for future use is one of money’s functions. A holder doesn’t need to spend an asset regularly for that function to matter. Payment frequency measures circulation; it doesn’t fully measure demand to preserve transferable purchasing power over time. The relevant distinction is between buying solely because you expect someone to pay more, and choosing an asset because you value its scarcity, liquidity, transferability and independence from discretionary issuance. A person can have both motives. Expecting appreciation doesn’t automatically erase the second. And every single investment in the world is done to hold assets expecting to either increase in value or pay out more than invested. The UAE example also shouldn’t be generalized globally. Crypto.com’s H1 2026 market-sizing report estimates Bitcoin ownership increased from 364 million in December 2025 to 373 million in June 2026 (approximately rising by 2.5%). That is a model-based industry estimate, not a census or proof of holders’ motives, but it provides evidence of expanding global ownership alongside the regional decline you cited and during the bear markets. Holders do not only hold through the calm but also through the storm. Same can be read from Farside's ETF cumulative overview. Custody doesn’t determine that motive either. Someone can choose direct Bitcoin ownership or ETF exposure as a long-term store of value. The ETF sacrifices direct control and introduces intermediary risk, but it retains exposure to the same underlying scarce asset. It changes the ownership arrangement, not Bitcoin’s issuance rules. Long-term holdings and ETF balances cannot tell us precisely how much demand comes from each motive. But that uncertainty cuts both ways: you cannot classify those holdings as purely speculative simply because holders expect appreciation or use a custodian. My argument concerns Bitcoin’s potential as a monetary store of value, supported by its combination of verifiable scarcity, non-sovereign issuance, liquidity and digital portability. That proposition should be evaluated through holders’ motives, durability of demand and purchasing-power performance across meaningful periods, not reduced to how often people buy groceries with it. I don't see any counter-arguments from your side other than that you don't need it or don't understand it. So what's your point?
Why do you people try to guess and trust randos on reddit with your money? Read the [IBIT prospectus](https://www.ishares.com/us/library/stream-document?stream=reg&product=IUS-IBIT-B&shareClass=NA&documentId=2212465~2340699~2413140~2369501~2447708&iframeUrlOverride=%2Fus%2F%2Fliterature%2Fprospectus%2Fp-ishares-bitcoin-trust-12-31.pdf) and search for the word "theft". In 22 places it tells you that they cannot guarantee the safety of their holdings and if theft happens they only have insurance from Coinbase for "up to" $320 million to be divided between all holders of the ETF and it may not be enough to cover all loses. Read it yourself.
SIPC protects customer securities—including stocks, bonds, mutual funds, and ETFs—held at a member brokerage if the firm fails and your assets are missing. (Up to $500,000). So since it’s an ETF, I believe this would qualify. Provided the brokerage is a SIPC member.
Bitcoin sole purpose is to store wealth outside of the reach of Wallstreet and central banks. ETF bitcoin is fiat bitcoin.
At this point it may be easier just to buy the ETF.
It doesn't matter who did it. It matters that it happened. Crypto has turned into a joke. You can't store it yourself without knowing a lot about tech, you can't keep it on an exchange and buying the ETF defeats the entire purpose of crypto.
I am assuming...and it's a big assumption....that ETF Bitcoin holdings at coin base and other exchanges utilise multi sig security. Hopefully they're not kept on Cold Cards and Ledgers...and Trezors from third party resellers.....or OTHER BTC ETFS!
If you had this in an ETF in a bank with real money it wouldn’t happen. Crypto means high risk, potentially high reward.
Not a tax pro, but since FBTC is an ETF the sale should show up on your 1099-B like any other stock sale, and that's the form your CPA will want to see. I'd run the swap past one before you do it, mainly so they can confirm how the wash sale rules apply to your situation this year. Practical tip: once you're holding spot BTC, log every buy from day one (date, BTC amount, USD paid, fees). Exchange cost basis gets spotty once coins move to your own wallet, and rebuilding it later is miserable.
Those people have access to ETFs. Bitcoin has to be more accessible if it wants broader adoption. The past few major stories on people losing their coins have been from 3rd party resellers selling cold wallets or exchanges being hacking by North Korea. I think these hacks make security stronger. I may be thinking optimistically, but I'd think this would have Blackrock and other ETF issuers wanting to make sure their tens/hundreds of thousands of Bitcoin are as secure as possible from something like this.
Fidelity keeps the Bitcoin itself through its own custody arm, Fidelity Digital Assets, and doesn't use Coinbase. Bitcoin ETF is different but I wasn’t talking about that
I'm sorry but I'm laughing my ass off. "FIAT is not viable".. I don't mean to be mean but.. you Bitcoin dorks are something else. Should've just put your life savings in a vanguard ETF and enjoyed risk free 12% gains without having to worry about keys, or a digital wallet, or the plentiful hacks.
You don't own it like Blackrock does. Blackrock owns their Bitcoins and then they own other people's Bitcoins via their ETF, they also own the miners.
If you're afraid of looking after your crypto go let others do it for you, get an ETF.
Bitcoin core/Yeti 3/7 is #1 A quality exchange and an ETF are equal. Coinbase secures 80% of the ETF coin.
Fair, though the point was more that both routes have a real place. The ETF fits someone who wants simple exposure inside a brokerage account and is fine paying the fee. Holding the coins yourself fits someone willing to take on key security in exchange for no custodian in the middle. Plenty of people end up doing some of each.
>“The bundle only wins for someone who needs every property at once.” That doesn’t follow. Someone can value predictable issuance while using a custodian, then exercise self-custody later. Different holders can value different capabilities; they don’t need every feature on every transaction. The Bitcoin thesis is that combining verifiable scarcity, non-sovereign ownership, portability, divisibility and permissionless settlement creates a superior monetary asset for globally transferable savings. Adoption can then reinforce liquidity and acceptance, attracting further demand. That is the competitive mechanism through which Bitcoin could gain monetary dominance. >“That’s real, and it isn’t $1.6T of demand.” Market capitalization is price multiplied by supply, not annual payments or cumulative investment. Comparing selected payment flows with an asset’s capitalization doesn’t establish its economic value. Demand also extends beyond financial repression: BlackRock reported $65.8 billion in IBIT assets on October 29 and that's just one ETF. That establishes substantial investment demand, although it doesn’t identify every investor’s motivation. Custodial access doesn’t give BlackRock control over Bitcoin’s issuance. >“Withdrawals flatlined during the January blackout.” Chainalysis’s newer October report provides broader transaction data: Bitcoin activity never reached zero during either Iranian blackout and recovered to over 75% of baseline before the second blackout ended. Exchange withdrawals and overall transaction activity are different measurements. Connectivity restrictions obstruct access; they don’t automatically confiscate securely held coins. >“Lose a key and there’s nothing.” A properly configured 2-of-3 multisignature wallet tolerates one lost key. Self-custody has operational risks, but it isn’t limited to a single key without safeguards. The BIS paper compares fiat-to-fiat payment costs through banks, fintechs and stablecoins. It doesn’t evaluate the monetary value of an issuer-free asset. Likewise, SWIFT and Kinexys address the separate claim that blockchain lacks practical applications. JPMorgan’s expansion to eight currencies and onto Ethereum also contradicts the suggestion that rollout has stalled. Bitcoin doesn’t need to replace everyday banking or become indispensable to today’s financial system to attract monetary demand. Its distinctive proposition is scarce digital ownership that can be separated from an issuer and custodian. The combination and the growing network around it gives people reasons to acquire and hold it beyond cheap payments or an immediate banking blockade. You don't seem to be able to argue against that. You will have to adapt sooner or later anyway.
I would like to know that too - maybe an ETF?
This. If it wasn't for the taxes, I would convert everything to ETF in a heartbeat except maybe a small portion, in case.
"I still understand that FIAT is not viable" Jesus Christ dude just invest in a broad market ETF at this point
ETF. Then someone else has the headache of safely holding and insuring it.
This is why I been using IBIT ETF and can no longer stress about BS like that :) you live happier and sleep better at night
Seems better to just have money and investments in a bank. Get crypto exposure via ETF
It's an ETF, not a stock. But I mostly agree otherwise. It all comes down to interpretation of "substantially similar". Replacing FBTC with actual bitcoin shouldn't even need to meet that guideline since bitcoin is not a security. Replacing one ETF with another depends on whether they're considered substantially similar. It's somewhat debatable, and I think fairly justifiable that they usually are not since the ETFs often follow different indexes, use different custodians, and are managed slightly differently. But there's a potential risk that the IRS sees it differently.
That claim names a possible target, it does not describe an actual breach, so treat it as a headline until someone shows evidence. On the mechanics: buying the ETF gets you fund shares, not coins, and the coins sit with a custodian mostly in cold storage with several approvals needed to move them. A custodian hack is not impossible, but for ETF holders the more practical costs are the fee and tracking, not theft. Holding coins yourself flips the trade: no custodian risk, but your own key security becomes the weak point, and phishing is how most individuals actually lose funds. Neither route is wrong. With that size, a lot of people split between the two, or buy in a few tranches over several weeks so one news item does not decide the timing. Not advice.
For many, I’d think, has buying been stopped? I know I managed to cancel all my ETF lower limit buys before the market opened. After opening, I spent 4 hours buying crypto ETF’s, now it’s a question of seeing where we are when all the dust settles 🤷♀️
Post is by: RelevantSecurity399 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xjiaky/was_about_to_put_60k_into_bitcoin_then_i_saw_this/ I was planning to put around $60k into Bitcoin. Been thinking about it for a while and was finally getting ready to buy. then I come across a claim attributed to hardware wallet maker OneKey saying BlackRock’s IBIT could be the next target for North Korean hackers. Really wasn’t what I wanted to read right before buying.Can that actually happen? I know buying BTC directly is different from buying an ETF, but someone still holds the Bitcoin behind that fund. Could it get stolen if their custodian was compromised?Trying to understand if there’s anything specific behind this claim or if people are just naming the next big target. Anyone got more context? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
How is it not the same? If Coinbase got hacked and drained then IBIT ETF would lose all the Bitcoin that is backing the ETF issuance. If you read the ibit prospectus on the fund it details the risk here and there are no consumer protections to the end user. They do not guarantee that they would be able to refund any hacked BTC. So I don't see how the risk is much different
The lesson being what, "don't get robbed?" "Sometimes when you do everything right, others' negligence can destroy everything you worked for?" "Theives exist?" They didn't make a mistake, the software was hacked and they didn't know that. The company should not have still been using it. They lost their money due to others' negligence and theives' malice. IF there was any lesson, it's "your BTC savings may be vulnerable in ways you haven't thought of that make it impossible to recover." BTC has the potential to counter inflation and maintain/increase its value while fiat currencies fall, but if they had some in btc and some in more traditional savings (market ETF, bonds, commodities), they wouldn't have lost everything. You have recourse to laws, institutions, and deposit insurance that can make those other investments whole in the event it gets stolen.
Always here. Every FUD opportunity is taken. Current narrative pushed very hard: only ETF is good security!
I agree for the most part, but there's still a lot of money to be made in crypto. You just got to be careful not to drink the punch. Use some of your fun investing money on an ETF owned by a major bank and then just check in on the market every month or two and you'll be golden. It's basically a cheat code to print money every four years. Just don't invest anything you're not willing to lose and don't delude yourself into thinking that it's something with a future.
If AI cyberattacks continue to advance, idk how financial institutions can even justify an ETF. The expense ratio is not worth it to them if the underlying asset can be stolen unless Binance, Coinbase, etc can offer guarantees. Even then, expense ratios could go up to cover cybersecurity investment for the exchanges…
ETF's hold their BTC on exchanges. IBIT uses Coinbase as it's custodian while FBTC takes custody of its own in Fidelity. Most others use Coinbase. So holding ETF's are no safer than the exchanges they use for their custodians. They're not SPIC or FDIC insured
ETF's are not safe at all. Read a prospectus for once lmfao.
Don’t mess with Fidelity then just look into what’s available on Schwab and buy your BTC ETF there. VGT is close the QQQ, and works. My point was mostly that once the BTC ETFs are an option, it no longer makes sense to invest in BTC outside of your brokerage account.
The more BTC matures the more the ETF’s will become normalized, cold wallet guys will look like money under the mattress guys within 5 years and definitely within 10 years. I think the general groupthink of “not your keys” that’s been said throughout the BTC world over the last 10 years will become outdated dinosaur opinions when looking back with hindsight.
It's 'funny' how everything points towards ETF adoption.
EILI5 How do i take all my crypto and convert it to a BTC ETF? Sell it then buy the ETf?
Stack one of the BTC ETF funds in a brokerage account. Fidelity for example.
The risk exists with having a custodian. Think of counterparty risk in regards to binance. Additionally, a lot of the ETF crypto is used to TRACK the market. That means it isn't sitting in cold storage, which means that it can be exposed to other risks such as something similar to when hyperliquid had the massive liquidations (blackrock made concerning comments at the time). The complete lack of understanding on etfs and what fund managers are doing its pretty embarrassing for this sub and they have completely ignored that exists with efts. Etfs have a lot of advantages, I have significantly more crypto holdings in ETF than actual crypto.
As far as I'm aware, nothing happened to bitcoin. If someone steal a bank, the money value is untouched. This is a buy opportunity. Buy ETF if you want to leave stuff on the exchange
The longterm issue with ETF's is that you give up governance if applicable, giving the power to the owner of the ETF
No, not everyone listened, only those who are weary of their investments. It’s never a good idea to park money on an exchange. If you cannot handle proper self-custody, go buy an ETF (ETP in Europe).
You mean the ETF that's backed by Coinbase?
What about buying bitcoin on Robinhood? Not the wallet, the app. I’m not actually sure if you “own” the bitcoin on Robinhood or if it functions as an ETF of some sort
just wait til the US Stock Market opens tomorrow and folks dump their ETF holdings out of fear. Should be an interesting day
I am not worried.. ETF are open in Asia right now and seems like market is bouncing back.. I am not to worried.
Some dumb people will say "just buy IBIT". Ignorant of the fact that every crypto ETF is custodied by a CEX like Coinbase and Kraken.
How though? If BTC got hacked how much is that ETF worth?
To be clear when I have custody there is zero counter party risk. If a bank holds it that is a counter party risk. And again if I decide to go anywhere in the world I can spend it I can't spend a stupid fucking ETF in an emergency. Bitcoin as a tool. Y'all caught up on trying to make yours and missing the plot
Insurance pays. You pay the premium with your ETF fees.
At this rate, crypto is going to die because hardware wallets get hacked, exchanges get hacked, and the US economy will collapse along with the AI crash and your Bitcoin ETF shares will crash along with it all.
you're going to hate to realize that ETF's also use storage solutions that incorporate hot and cold wallets lol
How’s an ETF different than an exchange in terms of security?
You're able to sell your ETF right now? 😂
If Binance goes down (which it almost certainly won't on this hack) there's going to be an ETF or 2 that goes down as well
Efts are NOT insured. A trading account is insured but the ETF is NOT. You are spreading misinformation by implying security where there isn't. Every ETF has multiple risks which can include holding in custody, counterparty risk, massive swings, etc. We are absolutely going to hear about an eft get hack, going under, and holders at best getting pennies on the dollar. I have a bunch of etfs, but people should understand that they have risk. If you need convincing, go look at blackrocks comment when hyperliquid was doing mass liquidations...
Blackrock or Fidelity eats the L and makes the ETF owners whole because it's a drop in the bucket to them
Uhh, no. Either you are storing your Bitcoin correctly or you are not. Honestly, for most people, they should probably just use the Fidelity spot ETF (FBTC) even if letting a centralized entity have custody of your Bitcoin defeats the entire purpose of Bitcoin.
You do hold it in an ETF? You just can't spend it directly. I don't understand what you're saying you keep flip flopping.
It would be wild of Binance was custodian of ETF held funds and we hear about one of these ETF's having their coins stolen off the exchange.
Out of curiosity, what happens if the custodian of the ETF gets hacked?
Show me how to spend my BTC Via an ETF please.
You don't need keys for an ETF, they're insured
Just checked... Yup... My ETF is safe.
The ETF ones are air gapped, geographically distributed multisig etc, not hot wallets on normal binance like a retail customer. It is true that I don't know what % of the holdings are insured. But it sounds like zero of those tokens have been affected here, and not sure how they would be minus mass, coordinated, social engineering AGI masterpiece shit (my portfolio probably doesn't matter at that point)
I'm a traditionalist I want to be able to spend them and again you don't have keys on an ETF.
It's companies like binance that custody the assets for the ETF.. so if the custodian gets hacked the ETF goes belly up and the insurance might be less than you hoped for. Not many insurance companies can take a 5b loss.
ETF is hackable. If the custodian loses the coins, so do you.
Nah, ETF is safest of all and no keys. Cannot screw up self custody, AND cannot be hacked. It can, but you're just insured if it is (against the actual hack, not against market panic, but neither are you safe from that with keys)
Rude, could have done it prior to markets closing . My small amount of ETF crypto is totally insured, but I will lose legit market value from panic *hmph*
Post is by: Qzzn and the url/text [ ](https://goo.gl/GP6ppk)is: /r/cryptospread/comments/1xizb25/binance_hit_by_largest_suspected_aiassisted/ Binance just paused all withdrawals after suspicious outflows hit $5.8 billion in what's shaping up to be the biggest AI-assisted crypto exploit ever recorded. Tether and Circle have already frozen roughly 40% of the stolen assets across stablecoin infrastructure, and CZ confirmed the net loss to the exchange "may slightly exceed $1 billion" and will be covered. On-chain forensics teams are actively tracing the funds across blockchain infrastructure in real time. The attack vector is what makes this story bigger than the numbers. If AI-driven exploits can punch through institutional-grade cold storage and digital asset custody at this scale, the entire regulatory framework being built around the CLARITY Act and agentic finance is already behind the curve. The Bitcoin ETF custody narrative and institutional adoption thesis both just took a serious hit, and the hardware wallet conversation is about to get very loud. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
How is it an argument for ETFs? If Binance can be hacked, so can an ETF custodian. Coinbase is the custodian for 80% of the volume of US-based bitcoin ETFs.
Does it explain the aftermarket crash? Does it impact my wallet and ETF? No