Crypto for Advisors:The hidden costs of holding your own bitcoin
Investors should distinguish bitcoin market exposure from direct ownership: self-custody requires managing keys, security, software changes, forks and inheritance, while exchange-traded products delegate many operational tasks. Such products still carry bitcoin price volatility, and investors should review custody, fees and policies for protocol events. Separately, DAiM CEO Bryan Courchesne says the failed CLARITY Act vote does not alter bitcoin’s long-term investment case, given its established ETFs, futures and custody infrastructure. The failure prolongs regulatory uncertainty and matters more to the broader crypto industry, where rules for other assets and businesses remain less clear. Investors should base allocations on their time horizon, liquidity needs, concentration and risk tolerance, rather than a single legislative vote.
