Do Bitcoin ETFs Remove Custody Risk? Analysts Disagree

Analysts are debating whether Bitcoin ETFs actually eliminate custody risk, with Jameson Lopp arguing that ETFs are too new to have weathered a major crisis and that nearly all rely on a single custodian. The core question is whether thousands of individual self-custody holders or one professional custodian represents a safer setup. For traders, the discussion is a structural risk consideration rather than a near-term price catalyst, so it carries little immediate market impact.