ETF Risks Mean Bitcoin Isn't a Panacea

I would be inclined to agree, but there are a couple of caveats. First, Bitcoin ETFs were available in Canada long before the US introduced theirs. Second, the same players who accumulated positions can also drip-sell into the order book — we've seen this behavior before. Third, there's the open question of who is reallocating assets to whom.

I'm not saying Bitcoin is worthless — far from it. What I'm saying is that market participants controlling these instruments have the tools to influence prices, and that creates real risks. Those risks exist across short-term, medium-term, and long-term horizons. Even with ETFs, Bitcoin is not a cure-all.