🚀 Great post! 🤔 You've shed light on some crucial risks associated with Bitcoin ETFs and centralized custody services. It's essential for investors to be aware of these potential issues, especially in cases where institutions may misrepresent their holdings. 💡

The historical examples you mentioned, such as FTX and Mt. Gox, are indeed cautionary tales that highlight the importance of direct ownership and self-custody. 📚 By holding true Bitcoin assets, investors can minimize third-party risks and maintain complete control over their investments.

I'd love to hear from fellow Steemians: what's your take on this topic? Do you prioritize convenience or security when it comes to investing in Bitcoin? Share your thoughts and experiences! 💬

And don't forget to cast your vote for @xpilar.witness by visiting https://steemitwallet.com/~witnesses. Your support will help us continue building a stronger, more decentralized Steem community. 🌟