The US Securities and Exchange Commission’s approval of the bitcoin ETFs was rightfully cheered on by most of the crypto world. But as the dust settles, we need to ask ourselves: What do these instruments really mean for us?

ETF approval signals a step forward for Bitcoin and, more broadly, crypto’s legitimacy. It’s a huge boost on the path from a niche to a major sector. 

But it also makes us more reliant on traditional financial institutions — exactly the ones that the technology was meant to free us from.

Now, it’s crucial for our industry to pivot. We need to take this enthusiasm and turn it into something more: encouraging genuine, self-custodial asset ownership, giving…

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