Ledger implant tests Bitcoin ETFs as safer custodial solutions than hardware wallets

The discovery of an unauthorized Ledger hardware implant reignited debate on whether Bitcoin ETFs are safer than self-custodying Bitcoin via hardware wallet devices. The newly discovered Ledger exploit has stirred broad industry debate over the safety of hardware wallets compared to effectively custodying Bitcoin holdings through exchange-traded funds (ETFs). Bitcoin analyst Plan B said his then-controversial decision to move his Bitcoin (BTC) holdings to ETFs in 2025 was the right call in light of the recent Coldcard and Ledger exploits. “Zero regrets” about my ETF decision, wrote the analyst in a Monday X post .