Robert Kiyosaki Rejects ETFs in New Bitcoin Warning

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Popular entrepreneur and financial educator Robert Kiyosaki has renewed his criticism of exchange-traded funds (ETFs), and argued that many investors who believe they are diversified are actually concentrated in what he calls the same category of “paper assets.” The Rich Dad Poor Dad author used a new term, “de-worsified,” to describe portfolios built around ETFs and other financial products rather than direct ownership of assets. His comments included Bitcoin (BTC) ETFs, which have become one of the most popular ways for traditional investors to gain exposure to cryptocurrency.

Kiyosaki Says Many Investors Are ‘De-Worsified’

In a June 10 post on X, Kiyosaki argued that investors often mistake diversification for spreading money across multiple ETF products.

According to him, assets such as gold, silver, Bitcoin, real estate, stocks, bonds, and oil can all effectively belong to the same category when investors only hold ETF versions of them.

He described REITs, Bitcoin ETFs, gold ETFs, silver ETFs, oil ETFs, stock ETFs, and bond ETFs as derivatives of underlying assets rather than the assets themselves. As Kiyosaki wrote:

“Many people are ‘De-Worsified’ not ‘Diversified.'”

The longtime investor said he prefers direct ownership of assets that he can control himself instead of relying on third-party custodians.

Bitcoin ETFs Remain a Frequent Target

Indeed, Kiyosaki has repeatedly expressed skepticism toward paper representations of assets, especially when compared with direct ownership.

In the case of Bitcoin, he has consistently favored holding actual BTC rather than shares of an ETF. His argument centers on custody and control, with investors relying on fund managers and custodians instead of managing the underlying asset themselves.

Though Bitcoin ETFs have attracted hundreds of billions of dollars globally and opened crypto exposure to financial advisors and institutional investors, critics within the Bitcoin community often point out that ETF holders cannot directly move, spend, or self-custody the coins backing those products.

Kiyosaki acknowledged that direct ownership can require more effort and research, but said he views that as a benefit rather than a drawback.

“It costs a bit more, takes a bit more time,” he wrote, adding that he enjoys being a “private capitalist investor.”

Meanwhile, BTC was at press time on June 10 changing hands at $61,229.99, down 2.5% in the last 24 hours, losing 8.8% across the past seven days, and accumulating a decline of 24.1% over the month, per the latest price chart data.

The Rich Dad Poor Dad author’s comments add to a long-running debate within both traditional finance and crypto over whether convenience and accessibility outweigh the benefits of direct ownership. As Bitcoin ETFs continue gaining adoption, Kiyosaki remains firmly in the camp that favors holding the asset itself instead of its paper equivalent.

The post Robert Kiyosaki Rejects ETFs in New Bitcoin Warning appeared first on TechGaged.com.