While these investment vehicles have become a popular entry point for traditional investors, Kiyosaki warns they may offer more illusion than substance.
In a recent post on X, Kiyosaki drew a striking comparison, suggesting that owning a crypto ETF is like carrying a photo of a gun for self-defense—it looks real but is powerless when needed. Though he admits ETFs may benefit average investors by simplifying access to crypto markets, he insists that true security lies in owning the underlying asset itself, not a derivative.
This isn’t the first time Kiyosaki has taken aim at ETFs. He’s previously described them as “fake,” likening them to the U.S. dollar and government bonds—financial tools he believes are detached from tangible value. While he now acknowledges the role ETFs play, his core concern remains unchanged: they don’t offer real ownership or protection in times of crisis.
As digital assets continue to enter the mainstream via financial products like spot Bitcoin and Ethereum ETFs, Kiyosaki’s cautionary voice stands out. For him, holding physical gold, silver, or direct custody of Bitcoin still trumps any paper substitute.
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