I don't really care tbh. I trust Bitcoin held with Blackrock to be held 1-1 spot. Maybe Bitcoin held with Coinbase isn't / won't be though. Would be funny if that happens.
The words trust, Coinbase and BlackRock in the same sentence is almost funny.
Okay, but Blackrock always looks out for their best interest. And it's in their best interest not to fuck this up and lose their place as the most powerful asset managers.
It's why I believe BTC "maximalism" is a social engeneering attack and subversion strategy of Intel agents against the community. Bitcoin up until 2014 was all about critical thought, discussing trade offs and counter perspectives all day long. This all stopped in the name of fiat NGU. Sus.