Dan Romero
@dwr.eth
One thing I was wrong about: crypto ETFs would be popular. For the entire time I worked at Coinbase, the Bitcoin ETF was always "a few months away" and it was going to "eat all the future growth". That didn't happen — it took almost a decade to get to ETFs. And during the delay Coinbase and other crypto companies were able to significantly grow. That said, I do think in 2025, ETFs offer a better out-of-box product for most investors: 1) Works in your existing brokerage account. Ability to get margin if that's important to you. Massively simplifies tax reporting. Easy to buy in IRA. 2) Minimal security risk of having your Bitcoin stolen (via phishing, social engineering, etc.) The biggest reason you would not want an ETF is if you're hardcore and practice "not your keys, not your coins". But that's not an important factor for most people. Coinbase, Robinhood and others can definitely get to baseline on the above features, but there are still a bunch of little papercuts to solve.
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Jawa
@jawa
The biggest downside I’ve seen is lack of off hours trading. That’s a minimal concern compared to the IRA upside though
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adrienne
@adrienne
Re: popularity/adoption of crypto ETFs, here’s one anecdotal datapoint: I’m on vacation with a friend who works in private wealth at UBS. They still aren’t technically “allowed” to let their clients buy the ETFs. They have lists of approved/authorized assets they can buy for their clients and crypto ETFs aren’t listed yet.
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MOΞ
@moe
yup. i have the vast majority of my crypto holdings in my retirement accounts through etfs. we've had access to them in canada much earlier than the us.
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DepressiveHacks
@depressivehacks
Tax-deferred accounts also having long-term access to these ETFs can help provide strategic exposure for folks as well.
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sparkz
@jacy
what’s the avg fee range on BTC ETFs?
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Ev | 유진 🇨🇦
@tch
Is that going to happen to tokenized stocks too? Not going to move the needle?
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Jon Commstark
@commstark
“the reason bitcoin will fail is because people don’t want the responsibility of holding their own keys” - me 2015-2021 But this is like saying “Democracy will fail because people don’t want the responsibility of learning about various issues” a small percent of ideologues is enough to uphold the system
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Jacob
@jrf
also etf trading hours introduce another type of market risk not saying 24/7 is risk-free but in crypto that's just the way it is
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