Concerns Raised Over Government Power in Valkyrie Bitcoin ETF
• Clause in Valkyrie's Bitcoin ETF application allows US government to seize underlying BTC, concerning given political connections.
• Historical precedents like gold seizure in 1930s and asset seizures during wars show government discretion.
• Bitcoin advocates argue US could seize all Bitcoin in ETFs in name of national security.
• BlackRock's political connections from 2008 crisis could mean its Bitcoin ETF benefits itself more than crypto industry.
• Risk that Bitcoin ETF issuers with political ties could push policies benefiting own business over crypto.