@jakeclaverqfop: Cold wallets predate ETFs by years. Most self custody holders got in before January 2024 and never switched. The logic is the same as gold bugs avoiding paper contracts. Hold the real thing. But physical stock certificates went away for a reason. Institutional custody at Schwab or Fidelity gives you ownership plus insurance, continuity, and generational transfer. Cold wallets give you ownership and nothing else. Anchorage through DWP gives you both.