Security
Physical Bitcoin vs ETF: Pompliano promotes them, but 815,000 BTC are in Coinbase’s hands
The Cryptonomist·November 11, 2026·1 min read
Direct custody of Bitcoin through a wallet, compared to ETFs, reopens the debate on protecting 'physical bitcoin.' Holding private keys versus the convenience of listed products raises issues of security, sovereignty, and risk management. Coinbase holds 815,000 BTC, highlighting the custodial concentration in the market.
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