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60 sats \ 3 replies \ @grayruby 8 Mar \ on: 4% of The Entire Bitcoin Supply is Now Backing US Spot ETFs bitcoin
I am more concerned about the fact they are almost all custodying with Coinbase. Yikes.
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30 sats \ 0 replies \ @0xbitcoiner OP 10 Mar
Yes, this could be a problem. I also don't like the idea of putting all our eggs in one basket. This will increase the risk of attacks on Coinbase.
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20 sats \ 1 reply \ @jakoyoh629 8 Mar
This is news to me. Can Coinbase use those Bitcoins for other purposes? Or are you concerned about something else entirely?
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37 sats \ 0 replies \ @grayruby 8 Mar
No they can't use them for other purposes, at least not legally, but it's a lot of Bitcoin in one highly regulated entity that the government wields a lot of power over.
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