ETF and DAT are just ways to take your real BTC and hand you a coupon in return.
On paper, you “own” Bitcoin, in reality, you’ve surrendered its core value.
BTC’s true power lies in independence:
No bank.
No middleman.
No centralized system deciding if you still “own” it.
ETF/DAT products reverse that. They drag Bitcoin back into the very system it was built to escape.
We’ve seen this movie before. Once, gold was in the hands of the people. After WWII, governments demanded citizens turn in their gold for paper “certificates.” From that day, your wealth was no longer yours. It became a ledger entry in someone else’s system.
Now they’re running the same playbook with Bitcoin.
I’ll repeat these many times:
Don’t be lured by “convenience” or “yield.”
Don’t trade sovereignty for a coupon.