https://hrf.org/latest/hrfs-weekly-financial-freedom-report-98/ https://i.nostr.build/KTgMmXs3yrn0wm9U.png

He ain't wrong!

Yes

Companies willing to take on the regulatory risk of being kinda-custodians or multisig-custodians.

In order to ensure competitive fees, balances under some threshold (eg $20) are stored in a trusted/custodial wallet (in this case Spark, but it could equally be Liquid or Arkade or whatever) and as soon as you receive more you get a channel from an LSP and the coins are stored in self-custody.