{"id":680578,"date":"2025-07-19T05:25:14","date_gmt":"2025-07-19T02:25:14","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/the-rise-of-etfs-challenges-bitcoins-self-custody-roots\/"},"modified":"2025-07-19T05:25:14","modified_gmt":"2025-07-19T02:25:14","slug":"the-rise-of-etfs-challenges-bitcoins-self-custody-roots","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-rise-of-etfs-challenges-bitcoins-self-custody-roots\/","title":{"rendered":"The rise of ETFs challenges Bitcoin\u2019s self-custody roots"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmMzNmEtNDg2ZS03M2RiLThlYjQtMmQzZTE5NDU0MThm.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>The growing popularity of Bitcoin ETFs and treasury companies is reshaping how investors hold Bitcoin \u2014 raising questions about the core principle of &#8220;not your keys, not your coins.&#8221;<\/p>\n<p><p>Bitcoin exchange-traded funds (ETFs) and other institutional Bitcoin products may be reshaping a core crypto ethos rooted in Satoshi Nakamoto\u2019s original vision. According to onchain data, Bitcoin self-custody has been steadily declining since January 2024 \u2014 the same month Bitcoin spot ETFs were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved.<\/p>\n<p>After nearly 15 years of growth, the <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/studio.glassnode.com\/charts\/addresses.ActiveCount?a=BTC\" rel=\"https:\/\/studio.glassnode.com\/charts\/addresses.ActiveCount?a=BTC\" target=\"https:\/\/studio.glassnode.com\/charts\/addresses.ActiveCount?a=BTC\" title=\"https:\/\/studio.glassnode.com\/charts\/addresses.ActiveCount?a=BTC\">creation<\/a> of new Bitcoin (BTC) addresses is slowing down, while active addresses have dropped sharply from nearly 1 million in January 2024 to around 650,000 in late June, reaching levels not seen since 2019.<\/p>\n<p>\u201cSince spot ETFs became available the growth rate of self-custody users has been in decline,\u201d <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/woonomic\" rel=\"https:\/\/x.com\/woonomic\" target=\"https:\/\/x.com\/woonomic\" title=\"https:\/\/x.com\/woonomic\">said<\/a> on X analyst Willy Woo.<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/etfs-challenges-bitcoin-self-custody-roots?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The growing popularity of Bitcoin ETFs and treasury companies is reshaping how investors hold Bitcoin \u2014 raising questions about the core principle of &#8220;not your keys, not your coins.&#8221; Bitcoin exchange-traded funds (ETFs) and other institutional Bitcoin products may be reshaping a core crypto ethos rooted in Satoshi Nakamoto\u2019s original vision. According to onchain data,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":680579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196c36a-486e-73db-8eb4-2d3e1945418f","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,154600,75849,138031],"class_list":["post-680578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-etf","tag-etf","tag-self-custody"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/680578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=680578"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/680578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/680579"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=680578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=680578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=680578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}