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A comment on Wall Street struggles to sell Washington on Bitcoin for the masses. Parent comment

Re:Wall Street struggles to sell Washington on Bitcoin for t... by wmf on Sunday May 30, 2021 @08:16PM (#27338412)
Maybe five years ago the argument of "it's sooo hard to buy Bitcoin" was true, but now it's just as easy to buy crypto as stocks through Robinhood. Yet the middle men like Fidelity still want these ETFs for the fees I guess.
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Re:Wall Street struggles to sell Washington on Bitcoin for t... by thekyle on Sunday May 30, 2021 @08:42PM (#27338579)
I think the ETFs would be more useful if they held the top 25 cryptos at market cap weights. That could be kinda a hassle to do individually.
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Re:Wall Street struggles to sell Washington on Bitcoin for t... by weasel_words on Sunday May 30, 2021 @11:59PM (#27339934)
Can you take your Bitcoin out of Robinhood? Of course not.

You do not actually own any Bitcoin at Robinhood.

There's the "middleman" in your scenario without a middleman...just a different kind of middleman.

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Re:Wall Street struggles to sell Washington on Bitcoin for t... by antonvs on Monday May 31, 2021 @12:18AM (#27340065)
True, although an ETF purely in a single crypto seems exactly like what Robin Hood or Coinbase are doing but with extra, presumably non-free, steps.
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Re:Wall Street struggles to sell Washington on Bitcoin for t... by SnowProblem on Monday May 31, 2021 @03:00AM (#27341081)
Supposedly this is coming: https://www.coindesk.com/robinhood-crypto-withdrawals-deposi...
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Re:Wall Street struggles to sell Washington on Bitcoin for t... by swiley on Sunday May 30, 2021 @11:20PM (#27339679)
It's still hard to get FDs for crypto because there's distributed credit.
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