[wmf]

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.

[thekyle]

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.

[weasel_words]

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.

[antonvs]

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.

[SnowProblem]

Supposedly this is coming: https://www.coindesk.com/robinhood-crypto-withdrawals-deposi...

[swiley]

It's still hard to get FDs for crypto because there's distributed credit.