CoinList CEO: Bitcoin ETFs Are Watered Down Crypto at Odds With Decentralization
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CoinList CEO Andy Bromberg believes Bitcoin ETFs are "watered down crypto" that go against crypto's decentralization promises.
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Others argue ETFs will increase adoption by making access easier for institutions and retail investors uncomfortable with self-custody.
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Bromberg says the focus should be on making self-custody mainstream-friendly, not relying on traditional finance products.
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Some are concerned large asset managers like BlackRock could wield too much influence over Bitcoin if they launch ETFs.
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Supporters counter that regulated ETFs will bring thousands of new institutional Bitcoin buyers safely into the market.