The rise of ETFs challenges Bitcoin�s self-custody roots

INSUBCONTINENT EXCLUSIVE:
Bitcoin exchange-traded funds (ETFs) and other institutional Bitcoin products may be reshaping a core crypto ethos rooted in Satoshi
approved.After nearly 15 years of growth, the creation of new Bitcoin (BTC) addresses is slowing down, while active addresses have dropped
as more investors opt for institutional custody solutions like ETFs instead of managing private wallets
New addresses creation on the Bitcoin network
space via BTC funds
Bitcoin ETFsThe launch of spot Bitcoin ETFs by companies like BlackRock, Fidelity and Grayscale marked a turning point for Bitcoin.The ETFs
gave investors regulated, institution-grade access to the cryptocurrency, without the need to manage wallets, exchanges or private keys
strong from the start
By July 18, 2025, IBIT had grown to $83 billion in assets under management, tripling in just 200 trading days
traditional gateway into BTC
As of mid?2025, over 250 organizations, including public companies, private firms, ETFs and pension funds, now hold BTC on their balance
sheets.Bitcoin treasury companies offer holders an indirect way to invest in Bitcoin without managing private keys or dealing with crypto
exchanges
Like ETFs, they eliminate the need for self-custody or direct interaction with crypto exchanges, while providing regulatory oversight and
institutional-grade custody
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