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Highlights
- Robert Kiyosaki warns that a crypto ETF is like ‘a picture of a gun’ despite their conveniences.
- The criticism comes amid their rising demand and the U.S. Spot ETH ETF hitting 1-year milestone.
- Kiyosaki’s old remarks are still persistent, as he advises investors to adopt real Bitcoin and other assets.
Crypto exchange-traded funds (ETF) are the latest trend in the financial markets, and considering the same, popular financial advisor Robert Kiyosaki has left a significant warning. Since the approval of the Spot Bitcoin ETF, followed by Ethereum, their hype is building. Their significant inflows and relative stability have put them in the limelight, but Kiyosaki has identified a few risks.
Robert Kiyosaki Calls Crypto ETF A Picture of a Gun
Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, is never shy about controversy. Over the years, he has spoken on many topics and rejected paper currency while endorsing Bitcoin, Gold, and Silver. Now, with the crypto ETF being the hot topic of the market, especially after the Spot Ethereum ETF marked its 1-year completion, it succeeded in gaining his attention, whom he acknowledged, but also revealed the risk.
In an X post today, Kiyosaki said that it has come to his realization that exchange-traded funds (ETFs) are making the lives easier for average investors, before adding that he recommends the same for average users. However, he also added the words of caution: “An ETF is like having a picture of a gun for personal defense.”
- Source: X, Robert Kiyosaki
With this, he indirectly identifies the risk of these assets as how they will be useless in times of necessity, like a photo of a gun. He advised investors to know the differences and claims that it’s better to have real gold, Bitcoin, and a gun rather than carrying these ETFs.
If you know the differences, and how to use them – you’re better than average.
Notably, he recently also predicted a Bitcoin crash, citing major bubbles in the US economy.
‘Crypto ETFs Are Fake’
While this statement left investors in turmoil, especially as crypto crashes today, the old statement further aggravates their fear. Over the last year, Robert Kiyosaki has appeared in multiple interviews and has repeatedly called ETFs fake.
His core arguments cite that crypto ETF don’t represent real ownership, hence carry less credibility and are similar to paper money. Again, in mid-2025, Kiyosaki referred to the U.S. Spot Bitcoin ETFs as “banksters’ traps,” and said that they are as fake as the U.S. dollar.
Do what is best for you…. Yet I would never buy gold, silver, or Bitcoin ETFs. In my opinion, ETFs are as fake as the US dollar and US bonds. But that is just my opinion -I prefer real.
Notably, since then, his views have diluted, as he acknowledges their purpose, but the core concern remains the same.
Frequently Asked Questions (FAQs)
1. What does ‘they are as fake as a US dollar’ mean?
2. What is Robert Kiyosaki’s main concern with crypto exchange-traded funds?
3. For whom are these ETFs best?
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