Seth
Seth|Aug 10, 2026 11:04
The institutions have been accumulating IBIT BTC ETP, the best BTC vehicle on the planet. IBIT is a physically-backed spot Bitcoin ETP. Investors buy shares of a trust that owns real Bitcoin (held in custody by Coinbase). The share price tracks the price of Bitcoin, minus the 0.25% fee. (I pay 0.15%) Unless you think there is a war coming and you need to flee the country somehow, then this is it. You only want self custody if you are technical, trust your physical surrounding 100% and need to live in the shadow. Even then they will eventually sniff out all your sats, trust me. Primary Custodian: Coinbase Custody Trust Company holds the vast majority of the Bitcoin reserves in offline cold storage. Secondary Custodian: Anchorage Digital Bank serves as an additional institutional custodian under a custodial agreement added to diversify the trust's operational framework. Asset Security: The Bitcoin is kept in segregated wallets separate from the corporate assets of both BlackRock and the custodians. Not financial advice Always do your own research(Seth)
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