Do Bitcoin ETFs Remove Custody Risk? Analysts Disagree

Jameson Lopp has argued that no type of Bitcoin loss is solved by handing the asset to a third party. It led to a spat with analyst Willy Woo and other X users over whether professional custodians are safer in practice than individuals holding their own keys. In a post on the social platform, Lopp took aim at the claim that an ETF removes the worry of losing BTC. A user named Dima conceded that custodians carry every individual risk plus counterparty risk, but countered that most people are undone by their own mistakes, such as lost seed phrases and…