Trezor Executive Warns Bitcoin ETFs Undermine Crypto Self-Custody

According to The Block, Danny Sanders, the Chief Commercial Officer (CCO) at the hardware wallet maker Trezor, said that relying on spot Bitcoin exchange-traded funds rather than self-custody could weaken Bitcoin’s foundational principles. He highlighted the broader state of the crypto industry, noting that although there are about 600 million users globally, only around 10% currently hold their assets independently.

Building on this point, he added that hardware wallet adoption also remains relatively low, with an estimated 12–13 million users. In light of these figures, Sanders stressed that the industry should place greater emphasis on making self-custody simpler and more accessible, rather than shifting users toward third-party intermediaries.

Source: The Block