BITO

Dynatox

Andy for any naysayers in the USA, "BITI" - inverse futures bitcoin etf (as compared to BITO x1 bitcoin futures etf) "SBIT" - x2 leveraged inverse futures bitcoin etf (as compared to BITU x2 leveraged bitcoin futures etf)

SuperiorT

I have BITO from Acorns. There's Bitcoin in it..

Miserable_Twist1

No, because the dividends paid out by BITO are quite large, most of the difference is caused by the dividends. Not sure why it is designed like that, must be some technical reason as no one wants to have to constantly reinvest the dividends to keep up with their investment.

Miserable_Twist1

It's actually not that bad, BITO pays large dividends, not sure why or how that works, just the way that financial instrument is designed. If you simply reinvest the dividends I believe it's only a couple percent off, contango is not that bad on this one. If it was, it would be a simple trade to short the futures ETF and buy the spot ETF.

FractalEnemy

I'm a long way off from retirement age. 25+ years. If I didn't intend to pass-on my coins, I could retire today. I see what you mean after directly comparing IBIT to BITO. Clearly, it out-performs BITO. No argument there. Even if you factor the BITO capital returns, IBIT is still double-digit % ahead, like actual BTC. Each share of BITO has paid me over $7 year-to-date in a tax-free account, whereas IBIT holdings are paper gains until you rake profits. Timing the market hasn't worked for me in the past. I could manually sell the IBIT on a monthly basis, but that is not passive income. It is functionally the same as selling satoshis, as I understand it. And the shares would continue to diminish. I'd have to buy more, to sell again later. The BITO position is less than 4% of my portfolio. I am bitcoin and real-estate heavy. I'm not worried about the BITO position value as much as the hands-free nature of dollars being deposited into my account, without having to sell any shares. That 4% is producing nearly 1/2 of my living expenses. I'm not a big spender. Again, in principle you are correct. If growth is the focus, clearly, IBIT is superior over BITO, just like BTC is. But for someone with a stack of coins that just wants a few grand per month and doesn't want to sell anything, BITO fits the bill.

yellowsockss

i’m with you, i believe theres some terrible misunderstanding on your part on how BITO works. if you want monthly DCA to dollar, regardless of price, you’ll want to go full spot ETF and manually sell a portion of your holdings. BITO’s monthly capital return is not fixed. one month it could be 1% and the next month 2%. i just want to point out obvious contradictory actions: 1. you want passive income but you’re using IRA. are you retired and drawing retirement amount? 2. you claim to DRIP the capital returns into BITO but thats exactly the same (in practice worse) as just holding IBIT. dont forget, holding IBIT directly pulls BTC supply out. holding BITO does not directly pull BTC supply out

FractalEnemy

I appreciate you typing that out. Sincerely. I don't disagree with your assessment that Bitcoin is a better bet. But I can't easily hold bitcoin in my IRA. And I'd rather hold my own coins than a spot ETF. IBIT does not pay dividends (or capital returns). BITO is providing passive income. I don't really care about the share price, so the trailing share price to BTC price doesn't matter. As long as the thing keeps putting more dollars in my account every month, I can chose to reinvest them or buy more bitcoin. My goal is to have passive income to cover my expenses. So far I'm pretty happy with the performance. And the bull has hardly begun. The alternative would be to sell satoshis, and I'm not doing that. That is for future generations. I

yellowsockss

respectfully, DRIPing BITO doesnt do exactly what you think it does. its because each BITO share represents less BTC/share every month. BITO’s exposure to BTC is thru futures contract. they use swap contracts to swap the current futures contract to one with further expiration. the reason they give capital back in dividend is the difference in contracts swapped. you lose out in multiple ways - especially DRIPing: compared to IBIT, BITO has futures premium decay, swap inefficiencies, higher etf fees, and if you DRIP - more exchange spread/fees I think you should really consider restudying the shitty ETF called BITO.

FractalEnemy

And I'm DRIPing the dividends and gaining more shares each month. I added 6% to my position last month, the month before, and the month before that. I'm pretty stoked about it. I hold considerably more BTC than BITO.

FractalEnemy

Bitcoin is volatile as you know. I'm not interested in timing the market. BITO captures premiums for me. Bitcoin can bounce range-bound between 50-70k and BITO will pay me for the upswings. Holding a spot ETF won't, unless I swing trade, which I don't want to mess with.

yellowsockss

i believe you are mistaken. even in a roth account, it makes zero sense to hold BITO over any spot etf. these are not dividends, these are return of capital. theres a difference. it has the same effect of getting forced to sell a chunk of your shares each month.

AlphaLawless

I have over 2k shares in BITO. For the past 4 months alone, I've gotten over 10k in dividends.

yellowsockss

fucking hate my BITO position. forced into short term gain tax rates from a long term capital gain tax rate. looking to liquidate it before the next dividend date.

The_Shogun-

Hahaha I have BITO in RH and I hate it. No good reason other than I’ve had it for so long and I wish I would have moved it. It really isn’t that bad…

New-Visit-7386

Have you seen the dividend payouts on BITO. The only ETF that pays a monthly div. I received 2 dividends on BITO over last 2 months over 10%. And BITO also offers options. Up over 200% from options bought last week. Also up over 100% on MSTR. I leave my bag off line in cold wallet and trade BITO and MSTR. They are great if you know what your doing

padauker

What a timeline we’re on. Thank God for Bitcoin. Making 5 figs on BITO divvys on the monthly is the new normal.

Jaymzmykaul45

I look at bitcoin as similar to gold. Safe heaven when the $hit hits the fan but way too manipulated by the big boys to really make consistent money on, by and uninformed investor like myself. Looking at the big picture I see the volatile nature of bitcoin and think it’s great opportunity to make money. I personally do not currently have hold any bitcoin but I have in the past and sold before any gains. I am not a patient person. I currently hold two bitcoin spot ETFs. BITO, a bitcoin futures dividend powerhouse and IBIT, boring old normal spot ETF. I figure I can capitalize on the volatility with great dividends (%89.21 dividend yield) of BITO and get the pure matching upswing of Bitcoin with IBIT. On top of that BITO has weekly options and those premiums are very sporadic but icing on the Bitcoin cake.

StarFinTech

Hold BTC and buy BITO shares to earn a divi every month for bills etc

ECHuSTLe

I like BITO for the dividend

ryan1064

Anyone else buying up otm BITO calls for March?

tslat3

I’ve been watching BTC pricing for years. It seems like BTC goes down about 5x before surging to ATH’s. This time that would be around $15k. Anybody have thoughts on BITO after a correction?

Random_Name532890

Open brokerage account, sell BTC, buy BITO in brokerage account, request margin loan from bank. Fixed. You can have all that now.

gfaizo

I had no idea you could sell covered calls within a Roth. Why BITO? Do the others not allow it

avance70

just saw some ETF news and checked the chart: $BITO is up 30% in a year, and BTC is up 100% 😅

CUbuffGuy

Only thing I have to keep my eye on is that futures don’t always track BTC as expected. BITO bleeds as BTC stays stagnant.

CUbuffGuy

I just got close to 10k in BITO calls for the next month. For the first time in a long long time RSI on the daily is oversold. We might not be at the exact bottom, but I'm willing to bet a month from now we are closer to 70k again.

South-Ad7472

There is no need to feel bad or good for things that are not under your control. Comparing with the lump-sum in, DCA over a time period and Sell Put option on BITO (check Buffet's coco-cola stock purchase) maybe good alternative strategies if the goal is be treated "fairly" by the market.

AccordingPlate7954

Technically, it'd work in your favor since BITO decrements the rolling costs in the share price. It's an interesting trade idea for sure.

South-Ad7472

If I am selling naked calls on BITO, would the cost on BITO work in my favor? Or I am paying the “premium” as well?

whait

BITO

Rickeyboy53

The contango drag can be seen by comparing BITO to ishares IBIT.

Rickeyboy53

Yes, BITO uses rolling futures and when there is contango, there is a drag. Too complicated to explain here, but look it up.

StarFinTech

[Follow the Bitcoin Rainbow](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) Buy hold and purchase on dips. Buy BITO (Bitcoin futures) to get a dividend so you get cash to pay bills.

knowledgelover94

I just wish I understand what these price haircuts do to the price long term. I sold a bunch of puts for around $27. I thought that equated to about 66k btw price but it’s hard to imagine what the BITO price will be in a year (when my contracts expire) even if bitcoin does well.

polyognymous

ETFs are required to pay dividends based on income - [https://www.proshares.com/faqs/dividends-in-proshares-crypto-linked-funds-and-OILK](https://www.proshares.com/faqs/dividends-in-proshares-crypto-linked-funds-and-OILK) See the dividend schedule here - https://www.proshares.com/our-etfs/strategic/bito. If you held BITO on 6/3, you are entitled to a dividend of 1.767963 per share, but you can sell on or after 6/3 and still get the dividend. Thus, one BITO held on 6/2 was worth roughly 1.767963 per share more (putting Bitcoin price fluctuations aside) than one held on 6/3 because anyone buying on or after 6/3 would not get the dividend. I'm a newb at trading, so anyone please correct anything I got wrong.

Tall_Ad4461

This question seems to indicate you may not realize what BITO is all about....is that right?

OkGlass5103

People holding shares of BITO

alwxcanhk

I don’t even know what BITO is!

Standard_Opposite_86

Dividend for BITO holders is the more correct answer

anon-187101

Because BITO just paid out a massive dividend that fucked over anyone holding call options.

TickerTrend

BITO invests in bitcoin futures. If you want to invest in a bitcoin spot price ETF, better to buy the Blackrock ETF or own Bitcoin outright.

grey-doc

Hey so I'm not a financial advisor BUT here's a thought. I'm waiting until 25% of my stash will equal the tax free capital gains (for me this is about $89k). Sell 1/4, put in a blended mix of BITO and MSTY with a little XLYD and GLD for good measure. Kick it up with maybe 30% margin (IBKR has decent rates) this should be around 30-35k/year, this will buy down the margin and eventually start stacking fiat. At this point I don't need to work. Fiat becomes play money. So I'll convert it all to Bitcoin with something like bitwage, and dump to 3rd party cold storage for a year (to escape capital gains) and then do the same trick (sell up to capital gains bracket, dump into interest bearing instruments, live off the excess). Now maybe fiat dies. This is why I want GLD in that portfolio. But at this point I think it is semi reasonable to utilize fiat markets to harvest income off volatility. We aren't structured in Bitcoin land enough to have a tools like BITO and MSTY. Yet. In the mean time this is my plan. Use your 20s for stacking skills and sats. Any girl you meet in your 20s is playtime only, unless you luck across one who will appreciate you without the shiny expensive image, and then maybe it's ok but be careful. Once you hit your 30s the dating scene is totally different, if you've stacked sats and skills then by 35 you'll be able to find dates without any trouble (assuming basic socialization). And if you want kids you'll be able to find a hopeful mother without much dicking around. Btw if you are looking for a long term partner you don't want to show a lot of wealth. If you look well kept but not at all rich (drive around an old Camry for example) then you'll weed out most of the gold diggers pretty easily. If you want flashy dates, rent nice cars. You can rent expensive things and save a bunch. Later. Once you've stacked sats and skills. Stack sats and hodl in your 20s. Let me repeat that. Your 20s are for stacking sats and skills. This decade is for building the platform for the rest of your life. Just keep yourself nice and healthy. If you are semi socialized, fit, have some decent workable skills, and have some savings generating income by 35, that puts you in the 99th percentile for dates. You won't have any problem finding someone to keep your dick warm.

TheGoluOfWallStreet

BITO BITX BTCC.B I sell covered calls against all those ETFs No idea why you say it's not available

Euro347

$EETH and $BITO monthly ex dividend dates are coming up.

Adventurous-Bus-1706

You could convert 15% of your stack to BITO. the dividend is not stable but averages out to over 20%. It tracks bitcoin well, losing about 5% per year to btc.

soks86

I had to look into this because I'm running out of Options, hah, and it's nuts! Over 3.5 years BTC is up 11% and BITO is down 35%! AHH!

Inevitable-Ad9006

This is heresy to a lot of folks but I'd just go with a conventional broker like Schwab. Just spread your investment between FBTC and IBIT. That'll minimize counterparty risk a little bit since Fidelity holds their own coin and Blackrock uses Coinbase. There's another ETF (I forget who) that keeps their coins at Gemini so you can even add them to minimize risk exposure. If you just want to track price movements and not worry about lost or confiscated coins, go with BITO. Yes, I've done self custody in the past but there are some legitimate advantages to the ETFs.

blissofbeing

You could take some of that and buy a leap call option on BITO to capture any upside awhile from now. It might expire worthless or it might be worth a lot. (I hope they issue options for the spot etfs soon)

TheGoluOfWallStreet

BITO BITX if you want it leveraged

jeetsstizzard

There are a few things to consider. While BITO does a decent job following Bitcoin's movements, it would not perfectly match the token’s gains over time due to factors like fees eating into returns. Also, the -1% expense ratio is notably high compared to just holding BTC token itself. With that, for someone looking to generate income from their Bitcoin exposure without having to sell, BITO could make sense as part of a broader portfolio. You can say that the dividend yields are attractive. Still, do not just view it as a complete replacement for actually holding BTC yourself using cold storage or other means. For me, you still need more research on this venture. Read up on how Bitcoin futures ETFs work from reliable sources like the Traders Union website, and understand the risks and tradeoffs. I am not saying that BITO can’t be a useful tool, but don't blindly chase the high dividend yield without considering the downsides versus just buying and holding spot Bitcoin. Plus, there's no such thing as a free lunch in investing. But if you understand the product and its risks, BITO could still help your income stream. Just don't go all-in without diversifying.

you_cant_see_me2050

A 23% yield sounds amazing, but with BITO (Bitcoin Futures ETF), there are potential risks to consider. Unlike holding actual Bitcoin (BTC), you don't own the underlying asset. Also, futures contracts have something called "contango" where the futures price is often higher than the spot price. This can erode your returns over time. Maybe keep some Bitcoin, explore other established projects, and even check out some new Web3 games like Call of Voyd. Web3 games often have interesting narratives and the potential for growth alongside the underlying blockchain technology.

sQuawkster88

So the BITO will only issue dividends when they make a profit off the futures, and those dividends/ profits will only happen if spot prices are higher than the cost they bought the futures at, i.e. btc prices are going up over time. If btc is in a falling environment you get no dividends. But if btc is going up, the price increase in BITO + dividends will likely be less than the percentage increase in spot btc due to the transaction costs BITO has to incur

sQuawkster88

Bito invests in bitcoin futures aka the right to buy btc at market price on a certain date in the future. When that date arrives and what you paid for the future is not exceeded by the spot price that date then you book a profit but by law you have to distribute that in dividends in an ETF. So at best it’s just tracking the bitcoin futures price, which tracks the bitcoin spot price. But there is a transaction cost to buy and sell those futures which BITO incurs and is embedded in the expense of the etf that they take out from your gains.

powderpc

I asked Copilot to explain and it’s clear from the dividend payout history that the annualized rate you’ve come up with is an aggregate of the past 12 months and since their monthly performance is variable this is not a reliable indicator of future payments: The dividend amounts and dates for the past year are as follows: May 1, 2024: $1.68139 Apr 1, 2024: $1.1448 Mar 1, 2024: $0.72644 Feb 1, 2024: $0.35632 Dec 20, 2023: $0.14716 Dec 1, 2023: $0.12698 Nov 1, 2023: $0.14031 Oct 2, 2023: $0.07399 Sep 1, 2023: $0.00531 Aug 1, 2023: $0.38499 Jul 3, 2023: $0.66417 Jun 1, 2023: $0.42766 May 1, 2023: $0.41739 Apr 3, 2023: $0.46455 Mar 1, 2023: $0.10091 Feb 1, 2023: $0.14928 These payments are likely a result of the gains from the futures contracts that BITO holds. It’s important to note that these are not dividends in the traditional sense, as they do not come from the profits of companies but rather from the performance of the futures contracts. Investors should be aware that the value and frequency of these payments can be highly variable and dependent on the performance of the bitcoin market1.

BlueCheesePuffs

Yes and no….yes btc, ibit increase and no so my BITO futures rollover for a nice fat dividend every month so far.

Webbed_Bubble

Buy BITO calls in 3 months for january and June expiration

ThatOtherGuy254

The dividends for BITO are absolutely crazy.

8myDolla

I have been buying BITO and BETH daily. Have $500k in it. If this fucker goes to a Million I will lick on Cathy Woods fingers after she plays with herself

Vaginosis-Psychosis

$BITO is trading at $28 right now. What am I missing?

CUbuffGuy

I know this sub hates both futures and the stock market, but $BITO calls are on sale for June if you’re bullish. Very low premiums and a huge upside potential around the $26 strike if we make it back to ATH by then.

Zealousideal_Bag_325

It is just like any ETF, but it is based on BTC short positions, where the BITO is based on BTC long positions. They have them for all major markets (a couple S&P ones are SPXU, SH, etc.). They are specifically for the purpose of purchasing a counter position to reduce risk without necessarily having to sell your position. They are not to buy and hold for long. If you look at the chart you wonder why anyone would buy something that seemingly only goes down, but in times where you feel a market plunge is imminent you can buy and hold while the market is falling. So theoretically if you sold all your holdings at a cycle top and used the money to buy BITI, then BTC lost 80%, you would make 80% profit (it would actually be more like 75%ish due to high expenses on Futures based ETFs), then at cycle bottom you could reinvest back into BTC. Or if we hit a new high like in March, and you are afraid a short term crash is coming, you could sell half, buy BITI and you would lose nothing (save the excess expenses).

jimothy_mcgulligan

You could hedge your long position with options against BITO if you're worried about further decline. Make money when it goes down and up.

Jacked-to-the-wits

I just sold some. I have BITO long options, and I sold them to buy three times more short term options.

ElegantBudget5236

BITO , which i own , follows BTC futures, so if the BTC price goes down , BITO goes down so your puts would be in the money so to speak.

AbstinentNoMore

Because BITO pays fat dividends.

Financial_Design_801

Updated look at the holders of $IBIT, there's about 30 of them so far (mostly funds and advisors) accounting for 0.2% of shares out which means this is tippy tip of iceberg (context: BITO has 42% of shares reported via 13F). Also shows lot of "nibbling" going on as evidenced by the tiny % port numbers. Not even at 1% yet https://twitter.com/ericbalchunas/status/1780249379091198042?s=46&t=ihVglVXC0BQSbw6j57EoaA

vAPORrrBOI

There are ways to essentially buy Bitcoin on leverage without having to incur a guaranteed 16.85 annualized loss on top of BTCs volatility. For example, you could buy call options on the BITO ETF. You could never lose more money than you put in, and you will make a higher percentage return than spot Bitcoin if we rocket higher during the term of the contract. You should invest money you can afford to lose, not borrow money. No exceptions. You are not investing responsibly.

CUbuffGuy

I just loaded a metric fuck ton of BITO calls for next week on that dip. Hoping that was the capitulation before a weekend where we find out Iran ain’t doin shit

wss-tosser

In the IRA: BITX or BITO cslls on half my stack for the next few months, it's only going up so I want to 2x for the run up. Slowly transition to FBTC and sell a bit to derisk as we hit milestone values at 100k, 150k, 200k. Sell on blow off tops, usual 2sigma on the 4hr chart. By Sept or Oct have a 25% cash position back, ready to buy dips. Maybe sell over 2sigma 4hr and buy back in at -2sigma, day trade, but only 10% of stack. Actual BTC, cold storage, never sell unless I need to buy something and it's near a short term top. FIFO so what is sold is a LT cap gain. Buy new if I can and let that age over a year.

ResponsibilitySea327

Why would the BTC ETF's, which are backed by actual BTC and required to track BTC via their prospectus not parallel BTC? There are *separate* ETFs that track Futures and any of the "Strategy" ETFs like BITO -- which have nothing to do with GBTC, HODL, IBIT, etc which own BTC directly and track BTC directly (during market hours).

JSunshine11

BITO is a futures G and pays a div. ~16.5% last payout.

TheCatOfWallSt

I’m on my 30’s and I did this with about $50k in August 2023. Transferred my 401k balance into BrokerageLink, bought BITO, sold and converted it to IBIT on the day it launched. My $50k is now $130k in 8 months time. Will sell whenever we top out and put it in something more conservative until we gear up for another bull run again 🤷🏻‍♂️

GetBent1990

It's my day off work... so yea . I can't decide which one to stick with though . BITO is the cheapest at 29.82, but warns it's not warranted to crypto future patterns. who knows i option BITO though and that looks like it is doing good. either way BTC hitting 60 before halving would be great on the ETF side of things

GetBent1990

Yes and no. a few of them act differently or have a flatline pattern. BITO and IBIT follow it dead on point tho.

GetBent1990

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

barfalloverewe

I've held onto some BITO in spite of the higher expense ratio. I know it's slightly irrational but I've liked getting a payout of a few extra shares (reinvested dividends) every month. About 11 more were added to my account today.

Tip-Actual

You can buy BITO I believe. Not exactly same as spot ETF but still better than nothing.

OnlyWangs

That’s what I’m betting on. Shorting Vol by selling options on BITO. I am pretty bullish on Bitcoin and think we have more upside than downside, but betting that the uncertainty will just lead to collapsing tension.

rpujoe

Derp. I was thinking of BITO.

FRONTIER_PHARMACIST

You are indeed correct. Note that both futures-based BITO and futures-based BTF grew around the same amount as spot-based FBTC since January, when you include dividends.

new_account_22

Hold some forever Take a bit to trade if you need to scratch that itch For trading fun, I have been selling monthly calls when BTC tops, against long ITM leaps on BITO, to generate cash to buy and hodl more BITX, sort of a poor man's covered calendar call spread

AccordingPlate7954

Long story short, you'll get eaten up by contango with BITO since the fund rolls monthly contracts at a premium. I learned that the hard way. Even a near-billionaire DMed me about my tweet regarding this. It's disgusting that a futures ETF got approved with siphoning contango, yet not a prior spot BTC ETF. My guess is that options won't be added on BTC ETFs until ATH as MMs don't want the counter-trade of capped risk profile.

FRONTIER_PHARMACIST

ProShares BITO gives dividends every month. https://www.proshares.com/fund-highlights/bito Valkyrie BTF gives dividends every quarter. https://valkyrie-funds.com/btf/ Basically they carve out some of the growth as dividends. If you set your brokerage to "reinvest," they grow kind of the same as just holding something like GBTC (but with different tax implication since you'll get taxed now on the dividends). So if you are just buy-and-hold for 30 years, I don't recommend the dividend ones. But if you want to spend a little bit of your gains along the way, the dividend ones could be attractive.

whereismyface_ig

back then i thought i was late to the party too— i kept 1 BTC from those times for a “what-if” but what i really should’ve done is kept 1 month’s salary in BTC and kept it aside. nowadays, a few months ago I just placed a LEAPS/options call on BITO set to expire in Jan 2026. ill probably sell the LEAPS towards the last quarter of next year. back in the day crypto was unregulated and easily got away without getting monitored.. nowadays all the crypto platforms are strictly KYC and govt regulated & etc.. so i just options trade the btc themed stocks

MakeItMine2024

I love MSTR and Saylor’s vision my opinion is 100% short term as BTC has always doubled its prior cycle ATH within 6 months of a Halving. In 2025 I believe BTC surpasses the average expected consensus high expectations of 170,000 to 210,000 at bull peak. I we see 335,000 to 400,000…. At 300,000 would give MSTR at no premium to BTC holding a justifiable price of 4000 Per share… I’m personally buying the BTC ETF SYMBOL BITO January 2026 leaps ( Calls ) with strike price of 30 at 10.00 per contract ( 1000.00 in actual dollars per contract is 10 X100 ).. as BITO is currently valued at 0.000457 of 1 BTC…. At BTC 200,000 BITO should be worth 91 per share of a 200% gain plus any option time premium..a 1000 investment can net you 6000+… lol sorry I went off on a tangent

WeatherExact1479

HODL and a leverage play bought BITO calls for 12 months post halving…

Flight_375_To_Tahiti

There are some options available now, BITO for example.

SaneLad

Cash out my BITO call options and buy more Bitcoin with it.

Fun_Asparagus2772

Just other ETFS in general like BITO

woods4me

I sold a few short term BITO calls against my BITO ITM leaps, probably will sell more on the next pump. Also have buy orders placed at lower prices, if they hit ill sell some older coins at 15% long term cap gains tax and still be holding the same amount.

MyNi_Redux

I have been trading BTC price movements through BITO since 2021, and will switch over to one of the larger ETFs when options appear. I'm all into ETFs is because I didn't want to have to deal with the overhead of managing actual BTCs, all the regulatory uncertainty we went through until very recently, and could use the same platforms as I do my other trading in. To me, the ETF fees are negligible, and I am not concerned whatsoever with counterparty risk. Nothing against BTC or those who handle it directly - I admire the ability to do so.

mightyminnow88

It also includes the bitcoin sold by new etfs, lol For example ARK sold boatloads of BITO and GBTC.

fakehalo

Saylor is like the Cathy Wood of Bitcoin in the sense that he doesn't care about price, but then he goes the extra mile and collateralizes to buy more Bitcoin. As much as I credit him for being the first major company to push into Bitcoin, it's like this guy hasn't seen how this story ends. Long Bitcoin, begining to short MSTR modestly as a hedge. OP should just do options via BITO if he wants the leverage, this loan business decaying your money away reminds me of all the toppy stuff we've seen before... But we are in the middle of a cycle that doesn't usually stop here, so I'm not gonna short too much. Gamblers gotta be periodically flushed out.

knowledgelover94

Mmm I’ve started playing with calls and puts lately but what do you mean by “rolling it forward or back with higher strike prices”? What I was saying is that if your strike is 23k come May, what if it goes to 30k by then? Then you’ve lost a decent amount compared to if you had just held. I feel like we’re in that bullish phase now where it’s very hard to choose a strike high enough to not miss out! I’m a little scared of the miners since they don’t track Bitcoin’s price close enough. However, I’ve been selling puts on BITO (bitcoin futures). It follows the bitcoin price very well. I feel like selling puts is safer if you’re feeling bullish (and already in the market).

Gcates1914

You can add BITO to your portfolio at least

Flight_375_To_Tahiti

If it can just stay there for another 2 1/2 hours, what an opportunity to buy more GBTC or BITO

JuiceBoxHoneyComb

What about BITO?

Flynn_Kevin

Time to YOLO in has passed for a moment. Just a small DCA for now. My bags are packed and exit plan set. I loaded up at $16.8k BTC and still holding ETH I mined with an average basis near $700. Bought a fat stack of ALGO at $0.08. Put 50% of my ROTH into FBTC at $39 and BITO at $19. 30% shares of COIN at $130.

JeremyLinForever

I’ll be switching back to 100% ETFs later on for the most part, but at the moment I am 70% in BITX, 20% in BITO, 5% in MSTR, and 5% in various BTC miners. BITX is double leverage Bitcoin futures, so whenever the ETFs pop up, BITX pops up twice as much. As for BITO, they give some solid dividends every month. Lastly MSTR is a safe bet as the company holds a lot of BTC, and various Bitcoin miners as a gamble. I don’t see BITX as risky because if it’s double leverage and I know for a fact the price of Bitcoin will go up, might as well just hold that thing indefinitely and capture double the gains.

CarriesLogs

BITX is 2x leveraged Bitcoin ETF Or could buy BITO options