BTC ETF Security and Volatility Risks

IconCryptoNewsTerminal Staff13 Jun, 2024

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BTC ETF Security and Volatility Risks

Bitcoin ETFs carry several risks, including the deterioration of security breaches and market volatility, according to a recent report by BeInCrypto. BitMEX co-founder Arthur Hayes warns that centralized entities managing large amounts of cryptocurrency could pose risks. He also highlights the potential for cryptocurrency hackers to target US custodians. Euro Pacific Capital CEO Peter Schiff, a prominent bitcoin skeptic, cautions that redemptions in ETFs could destabilize the market. These risks underscore the importance of thorough research and due diligence for investors considering Bitcoin ETFs.