Crypto ETFs emerge as alternative to hardware wallets after security concerns

Following over $200 million in crypto thefts from tampered Ledger and Coldcard devices, faith in hardware wallets has been shaken. Crypto ETFs, such as those from BlackRock, are presented as an alternative that removes the need to manage seed phrases, though investors trade direct Bitcoin ownership for shares in a financial product held by a custodian. PlanB, creator of the stock-to-flow model, recently moved his BTC to ETFs citing "zero regrets" and "peace of mind" after the security incidents.