It’s not just “humans are like this.” The reality is that trillions of dollars in capital — like pension funds, insurance companies, endowments, and public companies — literally can't buy spot Bitcoin and self-custody it.There are legal, regulatory, and operational constraints that require them to go through compliant, regulated vehicles like ETFs or custodians. It’s not always about trust or ideology — sometimes it's about structure, governance, and fiduciary responsibility.Bitcoin was invented to eliminate trust, yes — but integrating it into the legacy financial system still requires bridges, and third-party custody is one of those bridges.
30% of bitcoin are held by third party custodians like etfs, strategy and exchanges
Bitcoin was invented so you don’t have to trust your money with other people
why are humans like this?