Mutual funds and ETFs can have the same problem, but they generally structure it so the fund is a separate entity and a "customer" of the parent company. If the

Mutual funds and ETFs can have the same problem, but they generally structure it so the fund is a separate entity and a "customer" of the parent company. If the fund house goes bankrupt, the fund is safe because the fund house didn't actually own it. While I don't touch crypto for the same reason I don't touch Beanie Babies, it's made me think more about what is money, what's intrinsic value, and what protections are in place in case something goes wrong.