According to Josef Tětek, a representative from Trezor, the introduction of spot Bitcoin ETFs could lead to a situation where individuals have less control over their own Bitcoin holdings. Tětek argues that these ETFs may result in millions of Bitcoin being held without proper backing, which could pose a risk to investors. This concern arises from the fact that such ETFs would not require individuals to hold the actual Bitcoin themselves, but instead rely on a third party to custody the digital assets. Tětek’s statement highlights the potential drawbacks and risks associated with the introduction of spot Bitcoin ETFs.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinSpot Bitcoin ETF May Lead to 'Millions of Unbacked BTC,' Analyst Warns