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Bitwise's BITB Emerges as Top Performer Among 2023 ETF Launches
📊 Bitcoin ETF Update: Surges, Shifts, and What They Mean - A SmashFi Insight
Net Inflows Recorded for Bitcoin Spot ETFs in First Two Trading Days
Amid a red day, here is some positive data after day 1 trading of BTC ETFs
Bitcoin ETFs with expense ratios and AUM.
All 11 bitcoin ETF tickers, for tomorrow. GLTA!!!
Are you guys buying bitcoin ETFs?
JUST IN: Bitwise to donate 10% of their spot #Bitcoin ETF profits to open-source Bitcoin development.
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Bitcoin ETF ticker names: ……………….. BTC - Bitcoin AKRB - Ark invest 21shares Bitcoin ETF BITB - Bitwise Bitcoin Trust ETF FBTC - Fidelity Wise Origin Bitcoin ETF FDIG - Fidelity Crypto Industry Digital Payments ETF GBTC - Greyscale Bitcoin Trust ETF IBIT - Blackrock iShares Bitcoin Trust ETF HODL - Vaneck Bitcoin Trust ETF BTCW - WisdomTree Bitcoin Trust ETF EZBC - Franklin Bitcoin ETF BRRR - valkyre Bitcoin Trust ETF DEFI - Hashdex Bitcoin Futures ETF BTCO - InvestCo Galaxy Bitcoin ETF
Just curious, why FBTC over the other BTC ETF’s like BITB or IBIT?
BITB publishes their public address to prove they have Bitcoin, and they donate to developers, and have a low fee https://www.nasdaq.com/articles/bitwise-becomes-first-u.s.-spot-bitcoin-etf-to-disclose-btc-holding-addresses#:~:text=Announcement%3A%20Today%20the%20Bitwise%20Bitcoin,flows%20directly%20on%20the%20blockchain.&text=%22Now%20anyone%20can%20verify%20BITB's,%2C%22%20the%20asset%20manager%20stated. Best option is to get a Blockstream Jade, Bitcoin 02, or Coldcard and self custody bitcoin. No fees, 24/7 access, globally portable, cannot be frozen.
Just trying to figure out where it's going is the thing. Need 10 shares each of BRRR, BITO, IBIT, BITB, FBTC, GBTC, BTCO stat :) 66k wouldn't hurt my feelings again. We still got a week or so, people can get scared
Bitwise donates 10% to developers, started with the lowest fees (which some others have copied), and shares their public address to be as transparent as possible. It’s called BITB https://bitbetf.com/
Its usually better for everyone if people don't support the largest most evil corporation in a given industry. Sadly most people bandwagon onto an inferior product because of brand recognition. FBIT - Self custody of Bitcoin BITB - Has a lower fee and donates a percentage of profits to support the open-source development of Bitcoin. There are others that are materially better then IBIT as well.
IBIT, FBTC, BITB, or ARB are all solid. I honestly have all 4 in my retirement accounts. F Blackrock but they do have the liquidity and are biggest. I like fidelity, ark, bit wise because they’ve all been in the bitcoin game since like 2015.
IBIT for liquidity, FBTC for experience, BITB for transparency (published their address so you can verify holdings)
First of all, have her open her a brokerage designated as a ROTH IRA immediately. You can do $7000 for 2024. Everything in here will be tax free earnings. Inside spread it between BITB, IBIT, & FBTC. Who cares if you buy it at all time high prices, this won’t likely be touched until she is old. Next if it were me, I would buy another 1 minimum coin ($67k) where you control the private keys & keep it on a ledger. Lastly, I would use the rest of the money as a down payment on a house/condo in a city that is not as expensive as the one you are in & that is zoned for short term rentals. Running an Airbnb on the side is very lucrative & nice income supplement. Use profits from that and keep purchasing more bitcoin DCA. If you don’t want to do the rental, dump it into ETFs split between QQQ or VOO.
Note that both of the ETF's you listed are futures BTC funds vs the eleven spot ETF's: ARK 21Shares Bitcoin ETF (ARKB) 0.21% Bitwise Bitcoin ETF (BITB) 0.20% Fidelity Wise Origin Bitcoin Trust (FBTC) 0.25% Franklin Bitcoin ETF (EZBC) 0.19% Grayscale Bitcoin Trust (GBTC) 1.50% Hashdex Bitcoin ETF (DEFI) 0.90% Invesco Galaxy Bitcoin ETF (BTCO) 0.25% iShares Bitcoin Trust (IBIT) 0.25% Valkyrie Bitcoin Fund (BRRR) 0.25% VanEck Bitcoin Trust (HODL) 0.25% WisdomTree Bitcoin Fund (BTCW) 0.25%
No problem man , and although self custody is where I keep the majority of my bitcoin , if you have any available allotments in any tax free savings accounts buying the ETFs will allow you to make gains tax free. However you won’t hold the physical bitcoin. As far as the ETFs go , Bitwise donates 10 % of proceeds to the Bitcoin open source development teams. Ticker BITB Vaneck’s HODL is free from fees for the next 6 months.
Is it possible to transfer Bitcoin from BITB to a cold wallet?
This is why BITB will forever have my business. I loved their transparency.
They made a strategic decision. The management fee used to be 2%, which is very high, but it was a trust at that point, and one of hr only ways to gain Bitcoin exposure. Now they have converted to an ETF, and are competing with other ETFs from Fidelity and BlackRock etc. Who have much lower fees, many are offering 0% for the first year and then switching to 0.35% ongoing. So grayscale can probably see the profit levels of their customers. They probably know when the bitcoin was brought into their fund, or purchased, and they can see that majority of their customers are going to have to pay the high tax bill for capital gains. Now grayscale wants to continue collecting that high management fee, but they chose to reduce it a little bit to 1.5% in order to incent some of their users to stay. If there wasn’t a capital gains consequence to be considered, probably every single owner would switch to the cheaper ETFs. What they have chosen is to keep charging a high fee betting that many people will stay in the fund. Note that they are also introducing a mini bitcoin trust that will have lower fees and be an option for some people to switch to, although I believe they will still incur capital gains to do so. It’s going to just be directly competitive with the other ETFs. Long story short, they are maximizing their management fees, but I doubt anyone would choose to buy into this fund when there are much better options in terms of management fees. Some ETFs are showing the address for their bitcoin wallet as proof of funds BITB from Bitwise was the first to do this https://cointelegraph.com/news/bitwise-address-bitcoin-etf-holdings Fidelity has created their own wallet solution instead of using Coinbase, which is great as well.
I converted some stocks into BITB. I actually love the ETFs. If you're bullish BTC and already have a self custody bag it's a no brainer to get some in a Roth IRA.
This. I actually sold my existing BITB Etf fot FBTC because Fidelity actually has custody of their own BTC
You’ll do better holding actual bitcoin because of the ETF fee. $100,000 in bitcoin if price stays the same will be worth $100,000 in 20 years (no fee) $100,000 in IBIT (.25% fee) will be worth $95,117 if price stays the same. As the price goes up over time the gap gets much larger. Also BITB (.20% fee) is a little better on fee.
BITB with save you 5 basis points
GBTC stands for grayscale bitcoin trust. It was created before the ETFs were approved. It has always carried a very high management fee, starting at 2% and now being dropped to 1.5%. By comparison, some of the ETFs are offering a 0% management fee for the first year, and many are settling at 0.25%. Many people are choosing to sell their GBTC shares to then re-buy BITB, IBTC, HODL, FBTC, ARKB and others. One thing that is holding some of them back, is that they will have to realize a capital gain on their GBTC shares, that is if they are selling for a higher amount than what they paid, they will have to pay capital gains tax if the shares were not held in a tax deferred account such as a 401(k), HSA, Roth, or Roth IRA. Grayscale had to make a difficult decision when choosing their management fee. If they lowered it to match the new competitors, very a few people would exit, but they would be making a lot less money. If they kept it very high at 2%, it could be assumed that a large number of people would leave. It looks like they chose to keep the fee fairly high, while lowering it enough to deter some customers from leaving because of their capital gains expenses. What we have been seeing here is an outflow from GTC, some of that profit needing to go towards paying taxes, and hypothetically a majority of that money coming back into one of the new ETFs with a lower management fee. Hopefully some of these people are even choosing to buy bitcoin and self custody it to avoid management fees and expenses entirely. For anyone who is considering this path, please consider Sean, Kraken, and Strike. Grayscale also announced on March 12th that they are creating a “Mini Bitcoin Trust” that will charge lower management fees. The details of this trust have not been released, but the goal may be to keep some of the exiting clients as customers of this new fund that will trade under the ticker BTC, instead of having them go to the competing ETFs. Here is a news article with more details on that: https://news.bitcoin.com/grayscale-aims-to-launch-mini-bitcoin-trust-for-lower-fees-and-tax-benefits/ For anyone who is content on purchasing a bitcoin ETF instead of bitcoin directly, consider the bitwise ETF with ticker symbol BITB because they have published the digital wallet address showing all of the bitcoin that they custody. Here is an article with further details https://www.theblock.co/post/274359/bitwise-publishes-digital-wallet-addresses-with-bitcoin-holdings-for-spot-etf
There’s also BTF and BITB I added both to my Roth IRA
Anyone holding IBIT should switch to BITB, they contribute 10% of their profits from their ETF to bitcoin development.
I always find these arguments to be odd. I don’t know anybody who holds more than an emergency stash of just plain dollars. People own stonks, people own houses, people have HYSAs… but who just holds dollars? Sure I hold BTC over dollars, but that’s almost a straw man argument. Nobody holds $70k cash on them like they hold a BTC. ~wholecoin club, homeowner, has stonks and BITB in retirement accounts, never has more than 10K just sitting in cash.
Any thoughts on bitcoin ETF and miner ETFs? FBTC and BITB allow diversification of custodians and BITB donate 10% of profits to developers. Any thoughts on miner ETF? e.g. WGMI or FDIG?
I bought BITB first and then when I decided to move all of my Roth into bitcoin ETFs I bought FBTC. No real reason because I believe they have the exact same expense ratio. I think my rationale was that BITB uses coinbase as its custodian and Fidelity’s FBTC uses self custody. Perhaps there’s some sort of risk mitigation there but probably not.
All you gotta do is open a brokerage account at a firm like E*Trade or Fidelity (or any other) and buy one of the Bitcoin ETFs. IBIT, BITB, HODL, FBTC are a few ticker symbols just to name a few. Then you buy it like any other stock.
BITB returns 10% profits to the BTC foundation on open source improvements etc which I think is great but yea I think it's cool they hodl it themselves
Given my holdings are in tax sheltered account, i would be fine if liquidated provided at ~ the value of bitcoin. But for those that don't want to get hit with capital gains, i believe acquisition by BITB or other ETF would be better.
If bitcoin gets to $100k, IBIT (Blackrock ETF) is sold at ~$52.85 and BITB (Bitwise ETF) is sold at ~$50.61. It is to demonstrate that there is no "$100k" barrier for the ETF-investors. Each of the ETFs and bitcoin itself has separate barriers which will make the resistance spread instead of concentrating on a single number.
>$100k in IBIT is ~$52.85 while $100k in BITB is ~$50.61. Dumb question, but what does that mean?
Do note that if ETFs keep gaining traction the barriers get obfuscated. $100k in IBIT is ~$52.85 while $100k in BITB is ~$50.61. When IBIT is having resistance at $100, BITB is without resistance at $95.76. We'd still have the resistance, but it would get spread out over larger range instead of round numbers.
BITB should be the etf of choice for this sub They are donating 10% of profits towards bitcoin developers
Interesting thread. I’m mid 60’s. Didn’t get Orange pilled until 2021. First buy at $64k in ‘21…a smash buy. Weekly DCA and HODL since then with a large smash buy at $19k with my 2022 SEP IRA funds. Over last three months, have converted my brokerage accounts to 80% BTC proxies - MSTR, COIN, HUT, RIOT, MARA and my largest holding…BITB. Total allocation now at 50%. Risky, but I’m a believer. I lost everything in the ‘08-‘09 debacle. BTC will allow me to make up for decades of lost savings after the ‘09 real estate losses.
Do you buy ETFs as well? I am looking at BITO, IBIT and BITB?
In your shoes I would do 50% BITB + 50% MSTR.
I like BITB. Cheap expense ratio, and they seem like they know Bitcoin & have a good reputation.
There are many Bitcoin ETFs to choose from, BITB has one of the lowest fees and most trusted due to having their holding Bitcoin address public. If you want to buy self custody “real” Bitcoin, you can use Kraken/Coinbase to make the purchase then transfer it to your own hardware wallet.
Happy either way. My DCA over the last 3 years is in a good spot. I'd love a nice run up for my roth IRA that I converted to some BITB but I'm I'm it for the long haul. We still early.
Anybody have a good case for a particular ETF? (in an IRA) So far I've bought FBTC and BITB. Have some funds left. May split between these two or buy a third
Failed. Converted the rest of my IRA to FBTX and BITB
I use BITB for most of these reasons but know that the net expense ratio of 0.0 is only temporary.
I would recommend Bitwise's BITB. * Next to lowest fees (only a negligible 0.01% behind Franklin Templeton) * Most experience running crypto ETFs other than Grayscale. They were in Bitcoin ETFs well before most of the newcomers * It's run by crypto-native experts, not traditional institutions. * 10% of profits given back to Bitcoin devs
BITB has the lowest management fees as far as I know (.20%), but otherwise there's not much of a difference.
You can open a trading account on Charles Schwaab and buy the bitcoin ETF called $BITB without any fees.
For BITB (my preferred ETF) it's right on the home page: [https://bitbetf.com/](https://bitbetf.com/) 0.000545 BTC per share.
I sold my Roth IRA for cash this week, and now dca'ing into BITB. This is on top of my cold wallet holdings.
BITB is doing well…I’m thinking about it
My biggest mistake was converting my IRA to 50/50 GBTC and BITO. GBTC outperformed BITO 2-1 including the dividends. Converted all to BITB.
Yes, Bitwise (BITB ticker) has 0.20% fee vs BlackRock and Fidelity at 0.25%. Bitwise will also donate 10% of their net profits to bitcoin development.
I put a rather large portion of my RothIRA into IBIT and BITB. I wish I had more in self custody but if those ETFs take off I’m going to have a very comfortable tax free retirement.
anybody find any? 1 month in and I still don't see any options for most of the bigger names like BITB, ARKB, FBTC, EZBC, IBIT, HODL, BTCW, no options for any of them (yet?)
I control the keys to the stack, but I have some money in a Roth IRA, why not convert some into an etf? I liked that BITB has low fees and posted the wallet address publicly.
So far I am loving Bitwise ( BITB ).
If you are going to buy an etf in your rothIRA, consider Bitwise… ticket: BITB. Lower cost of ownership, and they are the only ones producing proof of reserves.
I suggest Bitwise BITB. Why ? They are the only ETF that have disclosed their public Bitcoin address of their holdings https://bitbetf.com/ [https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM](https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM) You can verify in real time that they hold exactly what they claim to own. The others, you just have to take their word for it.. Plus lower fees 0.20% vs 0.25%
If there's a normal, boomer-age investor, they aren't going to want to learn enough to self-custody. They have enough money that they don't need to take any big risks, and don't want to learn new technology. Just let them own a little BITB or equivalent in peace. Even if they only each bought a tiny percentage of their portfolio, we would make a lot of money instantly, because all the ETFs would have to get their custodians to buy. Not your keys, not your coins is a huge concern with unregulated exchanges. It's a much smaller concern with Blackrock. The US Government protects boomers who invest in things through exchanges, and people don't usually want to cross the US government, or they end up like CZ
Yes. If you wanto track the changes, just visit Grayscale's website. It updates everyday at the close of business. Same with BlackRock (IBIT) and Bitwise (BITB). For Fidelity, you just have to log in and open the holdings report when it's published and do the math. GBTC, IBIT, and BITB do it for you.
FDIC is for savings/checking accounts, SIPC is an industry based (not government) insurance for brokerage accounts. Neither will guarantee anything about shares of the ETF having Bitcoin backing them. SIPC would protect you against your broker not having your shares of the ETF (assuming it is an event that doesn’t cause more in losses than SIPC has in reserve to cover losses), but as outlined in the prospectus of the ETFs that does not protect you against the custodian losing the underlying Bitcoin in some way. Copy/paste from BITB prospectus, page 40: “The Trust is not a banking institution and is not a member of the FDIC or Securities Investor Protection Corporation (“SIPC”) and, therefore, investments in the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. Likewise, the Bitcoin Custodian is not a depository institution and is not a member of the FDIC or SIPC and, therefore, the Trust’s assets held with the Bitcoin Custodian are not subject to FDIC or SIPC insurance coverage. In addition, neither the Trust nor the Sponsor insure the Trust’s bitcoins.“
Bought 100 shares of BITB when it was 20% down from the ETF being approved. Now I'm up 5% I think I may have timed it right
In the last week, FBTC is up 3.23%, BITB is up 3.04%, and GBTC is up 3.71%. These are substantial differences and they don’t seem to be “THE SAME”.
BITB and HODL are the most acceptable ETF's because they are using their profits to fund bitcoin developers.
I know exactly what it entails - you borrow shares and sell them. What happens when you sell them? If the sell pressure is greater than the buy pressure the price goes down. What happens when the price per share goes down and is lower than the value of the BTC held by the ETF? The shares will be redeemed. Look up the prospectus on any of the ETFs and go to the section on how shares are redeemed. (BITB for example describes the process on page 3 and says 'Because the Trust will conduct creations and redemptions of Shares for cash, it will be responsible for purchasing and selling bitcoin in connection with those creation and redemption orders.')
LOVE this. I hope this pressures the other ETFs to do so. I wasn’t too interested in owning any etf, but might buy BITB with some Roth funds to support the transparency.
What do you think about spreading it out between FBTC and another spot bitcoin ETF like ARKB or BITB, in order to diversify custody? (Fidelity custodies the bitcoin for FBTC, while CoinBase handles it for most of the other ETFs).
True but it’s still something. BITB also has a fee waiver for 6 months so it’s at 0% right [now.](https://x.com/jseyff/status/1745067027381780709?s=46&t=j36GKXyt4x99EYQKR3C95Q)Spreads aren’t too bad but yeah IBIT is still more liquid if you’re trading frequently
I’m convinced BITB is the best BTC ETF.
Cool. BITB just earned a higher portion of my allocation by this one action.
I would recommend Bitwise's BITB. * They have the 2nd lowest fees (only a negligible 0.01% behind Franklin Templeton) * 2nd most experience running crypto ETFs (only behind Grayscale) * It's run by crypto-native experts, not traditional institutions.
low fees competence in running an ETF BITB also checks both of those boxes. Lowest fees other than Franklin Templeton. Longest experience with crypto ETFs other than Grayscale.
> Bitwise's BITB is in 3rd place. It's run by crypto-native experts, not traditional institutions, so I would recommend that one among the bunch. Why would this matter at all? If you are an ETF holder looking for gains, dno't you want - low fees - competence in running an ETF You get both of those in spades from Blackrock and Fidelity. Heck Fidelity is their own custodian which can help save even more in fees. What would crypto native experts bring to a spot ETF that blackrock and Fidelity couldn't from a holders perspective. The sponsors just run the fund, that's it:)
> Bitwise's BITB is in 3rd place. It's run by crypto-native experts, not traditional institutions, so I would recommend that one among the bunch. Why would this matter at all? If you are an ETF holder looking for gains, dno't you want - low fees - competence in running an ETF You get both of those in spades from Blackrock and Fidelity. Heck Fidelity is their own custodian which can help save even more in fees. What would crypto native experts bring to a spot ETF that blackrock and Fidelity couldn't from a holders perspective. The sponsors just run the fund, that's it:)
Among the spot ETFs, Blackrock and Fidelity are in 1st and 2nd place by assets under management. **Bitwise's BITB** is in 3rd place. It's run by crypto-native experts, not traditional institutions, so I would recommend that one among the bunch.
If you HAVE to go ETF (401k or don’t want to self custody for whatever reason) BITB is the cheapest - fee wise. Also, most liquid last time I checked. Theres a ton of them out there.
It’s more than just GBTC selling. I sold a crap ton of GBTC last three days. But rolled it all into a mix of IBIT, FBTC, and BITB. In fact, there have been more total net inflows (net is +$1.2B, and counting) into the other BTC ETFs than outflows from GBTC. The big mover right now is miner selling, which is happening for a few reasons.
I bought some BITB because of the low fees. Also own BTC directly.
Why blackrock out of 11 ETF? Cheapest is BITB in terms of fees
Its cuz greyscale had 2.0% expense ratio & new etfs are like 0.02 - 0.25%. Thus massive sell off of GBTC and buying new etfs (BITB, IBIT, ark etf ) shares which triggered new etfs to buy, however OTC Bitcoin is during business days only (slower) so it won’t show until tomorrow (my theory) due to holiday today.
I’m surprised BITB isn’t higher since it has the lowest fees
My HSA through work just got moved to Schwab, and I saw IBIT and BITB are available through Schwab
I looked into this before market close today... each website is different, and some are straightforward as to how much they own vs others. BITB, DEFI, BTCO, and BTCW are sparse or basically blank websites for now. BTW - I read DEFI has no actual bitcoin yet (they are still a futures ETF for now). * [ARKB](https://ark-funds.com/funds/arkb/) 225 BTC * [IBIT](https://www.ishares.com/us/products/333011/ishares-bitcoin-trust) 2621 BTC * [EZBC](https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/39639/SINGLCLASS/franklin-bitcoin-etf/EZBC) 1131 BTC * [FBTC](https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=FBTC) 5259 BTC * [GBTC](https://etfs.grayscale.com/gbtc) 619,162 BTC * [HODL](https://www.vaneck.com/us/en/investments/bitcoin-trust-hodl/overview/) 1640 BTC * [BRRR](https://valkyrieinvest.com/brrr/) 642 BTC * [DEFI](https://hashdex-etfs.com/defi) 0 BTC * [BTCO](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=BTCO) ??? * [BTCW](https://www.wisdomtree.com/investments/etfs/crypto/btcw) ??? * [BITB](https://bitbetf.com/) ???
This is actually a great teaching moment. It helps to compare the Bitcoin ETFs to other commodity ETFs such as gold. The ultimate bag holder if the underlying asset of the ETF is stolen is with the shareholder. In the case of the BITB Bitwise ETF [the prospectus](https://s3.amazonaws.com/static.bitwiseinvestments.com/BITB/BITB-Bitwise-Bitcoin-ETF-Prospectus.pdf) mentions that the custodian, Coinbase Custody Trust Company LLC, has private insurance coverage. This insurance is intended to protect against theft of the Fund’s Bitcoin holdings in both hot and cold storage. However, the specific terms, conditions, limits of coverage, and other details of this private insurance are not detailed in the prospectus. I was unable to determine the limits or terms of insurance provided by Coinbase are. However, once those limits are reached the remainder would likely fall back on the ETF. The terms of the custodial agreement are likely to have liability caps. In summary it’s a trade off between the risks of self custody versus third party custody. Same as always.
It all depends on how the specific ETF is trading vs net asset value at any given time. If BITB is at a discount vs its Bitcoin holdings and GBTC is at par or over, or less of a discount, you make a little more in btc terms Hence my question as well
I'm in the same boat. Wishing I'd sold this morning when we we're in the 43's, but oh well. My question - say I sold one share of GBTC for $40.69 and bought one share of BITB (Bitwise) for $25.54, am I ending up with more Bitcoin than I had with the GBTC share? I am pretty sure it's not that simple.
I'm going to sell my GBTC for BITB so in theory I will be selling. And that volume will be 2x my sell as I'm also going to buy right away.
BITB, BitWise pays funds development with 10% of profits. I think Vaneck sponsors with 5% of profits.
If you divide BITB price by BTC price, you get one share of BITB (Blackrock etf) = 0.00055 BTC or ~ 55,000 sats. Probably means nothing, but interesting. I thought they would keep it simple with 1 share = .001 BTC or something, maybe that’s the case with the other etfs?
I just found out my HSA investment manager got taken over by Charles Schwab. I just went on and was able to buy BITB. I’ll probably look at opening a new IRA there now since Vanguard is being a butthole.
BITB, let's back someone in the space. They also donate 10% to open source BTC development, so buying this ETF benefits BTC.
Alright can someone explain to me why BITB is down almost 10% in the hour versus Bitcoin being down 5%?
Probably going to be aiming for low $30s with BITB. obligatory not financial advice.
Can anyone tell me why the below post would be removed? >So Bitcoin ETFs are very likely inbound imminently, if not today, then at some point in Q1 this year. >Prospective applicants include: >Grayscale: $GBTC - offering 1.5% fee >Ark Invest: $ARKB - offering zero fees for first 6 months or until AUM hits $1B, then 0.25% >Blackrock: $IBIT - offering 0.2% fees, rising to 0.3% if the fund hits $5B AUM >Bitwise: $BITB >VanEck: $XBTF >Wisdomtree: $BTCW - <1% >Invesco: $BTCO - offering zero fees for first 6 months or until AUM hits $5B, then 0.59% >Fidelity: $FBTC - <1% >Valkyrie: $BTF - <1% >Global X: $BITS >Hashdex: $DEFI >I've included the prospective fees above where I could find them (may have changed since I looked). I know most of these are going to be backed by Coinbase as custodian but couldn't find information on which ones. >My question is - which, if any, are you all interested in investing in? I know ideally we'd all hold our BTC on our Trezors, but at least admitting the tax advantages of Roth/401k, you'd be silly not using these to avoid a portion of the capital tax on your crypto (unless you're a diehard anarcho capitalist). >If you are thinking of investing, do you have your eye on any particular ETF? Will you simply pick the lowest fee? What factors are you looking at when evaluating who to go with?
I just tried to buy IBIT (Nasdaq) and BITB (NYSE Arca) in my Vanguard account and both came back as untradable. 🙁
Up to you, its based on your preference. But BITB has the lowest fee + they are supporting Bitcoin developers
Went with BITB just for lowest fees (0.2% long term, but 0% for 6 months). Not really sure theres gonna be a difference aside from fees so fuggit. Am I wrong?