Peter Schiff has criticized Bitcoin ETFs for being at odds with Bitcoin’s decentralization and peer-to-peer principles. He says ETFs make it easier to seize, are unsuitable for cross-border transactions and transfers, and eliminate ownership of private keys, so users don’t actually own their Bitcoin.
He highlights important issues related to decentralization and ownership. However, ETFs also bring significant benefits, such as increasing market accessibility and liquidity. For many investors, ETFs offer a safe and efficient way to participate in the Bitcoin ecosystem without sacrificing security or ease of use. As an investment vehicle, ETFs complement the Bitcoin financial landscape by providing a wider range of options for different types of investors. $BTC