Trezor Business Director Danny Sanders warned at the BTC Prague conference that the rapid growth of spot Bitcoin ETFs could undermine the core principle of self‑custody for crypto investors.
Trezor’s Custody Concerns
Sanders highlighted that roughly 600 million individuals use cryptocurrency worldwide, yet only about ten percent store their assets in personal wallets. Current industry estimates place the number of hardware‑wallet owners between 12 million and 13 million, indicating a sizable gap between adoption and ideal self‑custody practices. He stressed that the blockchain’s security model depends on users retaining control of their private keys.
ETF Inflows and Institutional Exposure
Since the launch of U.S. spot Bitcoin ETFs in 2024, more than $53 billion has flowed into these funds, dramatically expanding institutional investors’ stake in the market. The influx has lifted