Trezor exec warns ETFs harm bitcoin self-custody

Trezor's Chief Commercial Officer, Danny Sanders, expressed concern that the increasing popularity of Bitcoin ETFs could undermine the core principle of self-custody within the cryptocurrency. He noted that while ETFs have driven significant investment, with over $53 billion flowing into spot Bitcoin ETFs since their US launch, a reliance on these products means fewer users directly control their private keys. Sanders highlighted that simplifying self-custody remains a major hurdle for broader Bitcoin adoption, suggesting that a shift towards ETF-based holdings, rather than direct ownership, could be detrimental to the long-term health and ethos of the Bitcoin network.