Mayne Shares Why Most People Should Skip Self-Custody and Just Use ETFs "Any insights on ETFs versus just holding native tokens? I think there’s two main considerations there." "Consideration No. 1 is not your keys, not your coins. When you hold the coins on your cold wallet, your hot wallet, those are your coins." "You can put them in your suitcase and you can escape the country for the tax fraud that I imagine you’re committing. You can shove it up your ass before you get taken to a jail. So those are your coins." "Whereas if you’re holding an ETF, it’s not really yours. The ETF is holding the coins." "Now for many people, self custody is actually very stupid. Most people do not have the ability to do self custody. It’s challenging cause it requires work. Requires you to actually manage your private keys properly, have plans in place for if things happen" "Your house burns down, where are your private keys? Are they written on a piece of paper attached to your monitor? That’s not gonna work." "So self custody is not necessarily right for everyone. And some of these institutions might actually be a better custodian than you. So that’s a bit of a rub there." "I think the other consideration is tax. Depending on where you live, you can hold some of these ETFs in tax deferred instruments. So I can hold maybe an ETF in my 401k or my RRSP. Here in Canada we have something called a tax free savings account." "Any gains you make in that account — there’s a contribution limit of course — are tax free. So bit of both. Why not both?"