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BitoPro Exchange Token

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r/BitcoinSee Post

Going through yet another crypto dip, do you hedge your Bitcoin positions with put options on Bitcoin-linked ETFs? Some are registered in the US: BITO, BTF, XBTF, BITS, etc. Unlike many crypto options exchanges (Deribit?) ETF options have virtually 0 default risk and are quite liquid

r/CryptoMarketsSee Post

Going through yet another crypto dip, do you hedge your crypto positions with put options on Bitcoin-linked ETFs? Some are registered in the US: BITO, BTF, XBTF, BITS, etc. Unlike many crypto options exchanges (Deribit?) ETF options have virtually 0 default risk and are quite liquid

r/CryptoCurrencySee Post

If you buy Bitcoin and keep it at the exchange, you are net short, you are contributing to the price of Bitcoin going down, even if your goal is higher prices.

r/CryptoCurrencySee Post

If you buy Bitcoin and keep it at the exchange, you are net short, you are contributing to the price of Bitcoin going down, even if your goal is higher prices.

r/CryptoCurrencySee Post

Now that we have a Bitcoin futures ETF (BITO), why arent there more crypto futures ETF's being created and filed for? Sure spot ETF is better, but this method is proven to work and get approved.

r/BitcoinSee Post

Selling BITO CCs

r/BitcoinSee Post

GBTC vs. BITO for ROTH IRA

r/BitcoinSee Post

$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves

r/BitcoinSee Post

SEC repeatedly rejecting spot ETF while approving Futures is a blatant attempt to grab regulatory authority. The SEC is not acting in the interests of the people it is sworn to protect

r/BitcoinSee Post

How do you sell stocks and move it to bitcoin without getting burned by the T+2 delay?

r/BitcoinSee Post

Guys if I want to invest bitcoin through ETF, which one is the better option? BITO or GBTC?

r/CryptoCurrencySee Post

Self-regulated a decentralized technology?

r/CryptoCurrencySee Post

Bitcoin launched 13 years ago today⁠—here are 8 milestones from the past year - happy birthday

r/CryptoCurrencySee Post

Bitcoin dominance is at a multi-year low, and looking likely to break to an all time low. Altcoins may be poised for a massive rally

r/CryptoCurrencySee Post

ADOPTION: Meta, Apple und Co. ProShares meldet Metaverse ETF an

r/BitcoinSee Post

Wash sale question.

r/BitcoinSee Post

How BITO has performed

r/CryptoCurrencySee Post

Christmas days, bitcoin hits highest levels in last 2 weeks

r/BitcoinSee Post

Looking to generate yield on my BTC.

r/BitcoinSee Post

Am I able to take a capital loss switching from GBTC to BITO

r/BitcoinSee Post

Is the BITO roll today?

r/BitcoinSee Post

how is tax for $BITO ProShares Bitcoin Strategy ETF?

r/BitcoinSee Post

Does anyone trade the $BITO ETF?

r/CryptoCurrencySee Post

Here’s the deal with Bitcoin ETFs.

r/CryptoCurrencySee Post

Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs

r/CryptoCurrencySee Post

Altcoin Roundup: 3 signs that show crypto mass adoption is underway

r/BitcoinSee Post

BITO Leaps

r/SatoshiStreetBetsSee Post

VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO's

r/BitcoinSee Post

Can anyone explain the mechanics of a Bitcoin futures carry trade?

r/BitcoinSee Post

How to Get More Bitcoin? (crazy ideas welcome)

r/CryptoCurrencySee Post

Cryptocurrency

r/CryptoCurrencySee Post

11.11 Crypto Market Update and Trader Digest by Trader Gabi

r/CryptoCurrencySee Post

BTC ETH or ETF

r/BitcoinSee Post

BITO ETF Explicado - ¿Deberías comprarlo?

r/CryptoCurrencySee Post

Bitcoin options.. how to leverage a small portfolio

r/BitcoinSee Post

Bitcoin ETF continues to drive market enthusiasm: less than half a month after listing, market cap already exceeds $1 billionWhat do you think about that just for reference

r/BitcoinSee Post

Goodnight's First Bitcoin ETF Breaks $2.3 Billion in Two Weeks on the Market!

r/CryptoCurrencySee Post

PSA: The new Bitcoin ETF is an expensive way to hodl. It's currently expected to lose 10% a year compared to actual Bitcoin.

r/CryptoCurrencySee Post

Bakkt Stock Goes Parabolic, GBTC Outpaces BITO ETF And Tom Brady Offers 1 BTC For 600th Touchdown Ball: Hodler’s Digest, Oct. 24-30

r/CryptoCurrencySee Post

Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC for 600th touchdown ball: Hodler’s Digest, Oct. 24-30

r/SatoshiStreetBetsSee Post

Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC for 600th touchdown ball: Hodler’s Digest, Oct. 24-30

r/BitcoinSee Post

Looking for the Best Bitcoin ETF? BITO vs. GBTC Face Off!!

r/CryptoCurrencySee Post

Using options to leverage the bull run?

r/CryptoCurrencySee Post

ETF Battles: Looking for the Best Bitcoin ETF? - BITO vs. GBTC Face Off!!!

r/BitcoinSee Post

BITO ETF implied sentiment, normalized by net (option) gamma exposure, looking like the ETF investors are mostly dumb money. Current Nov. traders are back slightly net long, Dec. ETF longs are looking a bit crowded, i.e. downside potential growing again.

r/BitcoinSee Post

How much capital is invested into fake bitcoin?

r/CryptoCurrencySee Post

BITW trading at a discount to NAV... Potential arbitrage?

r/CryptoCurrencySee Post

First Bitcoin ETF Goes Live, BTC Reaches a Record High of $67,000

r/BitcoinSee Post

Swapping BTC out for BITO (Bitcoin ETF) and selling covered calls?

r/CryptoCurrencySee Post

This Week in Crypto: Bitcoin, Ethereum Post Large Gains Following Bitcoin ETF Debut, Mastercard Announces New Crypto Partnership

r/CryptoCurrencySee Post

This Week In Crypto 25 october

r/CryptoCurrencySee Post

Weekly News summary

r/CryptoCurrencySee Post

An Ethereum futures ETF is next , a former SEC official explains

r/CryptoCurrencySee Post

Why Would Anyone Buy Crypto if You Can Buy Stock? : PART II

Mentions

>Only reason I can think of is because Gensler said it’s a commodity, which would put BTC under the scope of the CFTC. Thus, until the CFTC regulated BTC, SEC is obliged to reject because they don’t want to have securities of unregulated assets. That’s my guess. But yeah they’re shitty and dumb regulators. But how is that compatible with allowing a Bitcoin futures-based ETF ($BITO) and a short Bitcoin ETF?

Mentions:#BTC#BITO

BITO does a better job at maintain the peg

Mentions:#BITO

This is how fake news is started. Biti is the inverse of BITO. BITI shorts Bitcoin futures, equivalent to BITO which is long Bitcoin futures. The long fund has been in existence for something like 7 months now. The fact that there is no spot etf has nothing to do with this fund because this isn’t a spot short Bitcoin fund.

Mentions:#BITO

BITI (short) and BITO (long) both use Bitcoin Futures.

Mentions:#BITO

$BITO

Mentions:#BITO

BITO introduced at the top BITI at the bottom lol

Mentions:#BITO

Once we see a 17k ish BTC and a $900 ETH we should see some type of market bottom. Looking to load some Spot BTC and ETH with a few BITO call options

Mentions:#BTC#ETH#BITO

tldr; The Canadian Purpose Bitcoin ETF lost half of its assets last Friday before bitcoin crashed, leading to ProShares’ futures-based BITO taking over the top spot as the largest bitcoin-focused ETF by assets, Arcane said in a note. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BITO#DYOR

The regular futures ETF marked the top, I expect the short ETF to mark the bottom. Can't let those ETF investors make any money. (Yes I bought BITO immediately after it launched, and yes I'm salty about it.)

Mentions:#BITO

Proshares should launch a 3rd ETF, which invests 50% in BITO and 50% in BITI, and voila, we get a stablecoin.

Mentions:#BITO

If you read the article, they mention that last year two other Bitcoin ETFs from this company were created: > In October 2021, ProShares launched BITO, the first U.S. bitcoin-linked ETF, and attracted more than $1 billion in assets from the public in just two days. That made it the most successful launch in the history of the ETF industry. ProFunds launched the first bitcoin-linked mutual fund, BTCFX, in July 2021.

Mentions:#BITO

Timing the top was easy. The proshares Bitcoin ETF (BITO) was launched mid October 2021. Pros know that the previous BTC top coincided with the launch of Bitcoin futures on the Chicago mercantile exchange in December of 2017.

Mentions:#BITO#BTC

Lol ok, they were happy enough to launch BITO at $40 a share right at its peak... Now at $13.

Mentions:#BITO

That's fine. I'm saying there should be honest discussion about the possibility of people here, you included, being wrong about btc. I haven't insulted anyone, I'm not gloating here (you can look through my history to find when I said I started shorting RIOT, MARA, COIN, and when I sold off all my btc). And I don't know the future either. I'm still short COIN...and if there was a good way to short BTC I still would today, but the BITO type products have always traded at a heavy discount from btc price, the pot odds suck on them. If RIOT/MARA climb back up enough I'll short them again too. I'm literally telling people here to increase their skepticism. I've yet to hear a proper response to "what has to happen for btc to hit your target price of 100k or whatever". It involves hand waving bitcoin into becoming the dominant currency or something. And somehow losing over 60% of its value in less than a year will make that more likely? It can go down another 50%. From today, people here can still lose more of their money.

hey hey hey wussa wusssa wussa I sold all my BITO puts on friday :(. Nobody ever went broke takin a profit. But this thread is probably half bears. And the other half gluttons for punishment, which you kinda gotta respect.

Mentions:#BITO

I bought calls on BITO.

Mentions:#BITO

Lmao corn. BITO puts printing boys!

Mentions:#BITO

can anybody say BITO?

Mentions:#BITO

Glad I didn't hold BITO puts over the weekend. Def buying them back at open.

Mentions:#BITO

Pro Tip: Short $BITO ASAP

Mentions:#BITO#ASAP

Why would BITO track bitcoins price?

Mentions:#BITO

BITO does a better job of tracking BTC price.

Mentions:#BITO#BTC

I have been reading the prospectus and am leaning towards BITS, but they are so similar, wish something big would jump out at me. BITS seems aimed at the broader blockchain, while BITO is focused more on Bitcoin futures themselves. I currently own Bitcoin so maybe a broader blockchain ETF would balance me out. Just talking it out with fellow crypto junkies. 😎

Mentions:#BITS#BITO

Does anyone have any insight on the Bitcoin strategy ETF’s BITS and BITO? I’m preparing for entry into one of the two, and of the two the only real difference is the maintenance cost. (Besides share price.) If anyone has any insight I am eager to hear what you have to say. BITS has a lower fee than BITO, and the share price is less for BITS as well. BITS is roughly $10/share, BITO roughly $19/share. Share price is not a strong factor though.

Mentions:#BITS#BITO

Nice 120% profit from selling my BITO calls.

Mentions:#BITO

I was on the 0% BTC train for a long time, but then I caved and bought some when the BITO ETF launched. That was a big, BIG mistake, at least in the short term.

Mentions:#BTC#BITO#BIG

BITO calls gonna print Tuesday 😎

Mentions:#BITO

BITO puts can be a slow bleed. Kinda funny I'm buying back into algo truly feels like 33 cents on the dollar. Buying back into this little stack now as a conbase normie with the APR back over 5%. Even as a bear im still paying attention, could be a little fun to build a stack on red days.

Mentions:#BITO

If you can buy Puts then you can get involved and see if you can sell before it implodes if they offer a “risk free” 20% via AnchorTron Protocol? If you hold too long before the Ponzi Scheme bursts, those Puts will be worth big $$$! Too bad there is no regulated derivatives market in the U.S. other than shit like BITO/Bitcoin Futures afaik. I like how Gensler says derivatives and dangerous, yet they’re essential to hedging in anything that might be a potential shitcoin.

Mentions:#BITO

My BITO puts that expire still ITM have been languishing with this weeks flatness. Everyone getting IV crushed since the 26k flash dip

Mentions:#BITO

I've got put options on BITO

Mentions:#BITO

Respect the CME and BITO gaps along with basic price action 🤷‍♂️

Mentions:#BITO
r/BitcoinSee Comment

so long term if I believe in bitcoin I still shouldn’t put BITO in my IRA? I haven’t been following GBTC, is it available in the US yet?

Mentions:#BITO#GBTC
r/BitcoinSee Comment

what’s up with BITO is it a long hold ?

Mentions:#BITO

Just realized whoever group or individual is currently holding the majority of Bitcoins controls the US Stock Market price of at least 20+ Bitcoin Mining Stocks, Exchanges & Bitcoin ETFs… $MSTR, $COIN, $MARA, $BITO, $RIOT, $SQ, $BTF… especially at such a critical level of support, the future market is in their hands.

It was like a week or two after BITO launched at 40$ that BTCs march down started. Im sure its nothing. BITO is more parts treasury bonds than Bitcoin, seems extra worthless to me too.

Mentions:#BITO

We have 3 more gaps to fill on the downside on BITO btw. Guess it was a good decision to Short ETH today 😊

Mentions:#BITO#ETH

IDK if the non-wealthy retail investor can in the U.S. on a regulated CEX. The best you might be able to do is go short on BITO and stocks like COIN, because if USDT blew up like UST/LUNA did, those would get hammered.

lulz, this is why I’m not a hater of ETFs like BITO, despite admitting I’d rather have a BTC backed ETF or regulated crypto derivatives market in the U.S. Otherwise, no real way to hedge against Tether blowing up the entire crypto space.

Mentions:#BITO#BTC
r/BitcoinSee Comment

I mean no need to overthink it, right? I sold half my bag when we lost 44k and sold the other half on this last jolt back towards 31. I’m prepared for a fake out rally back to as high as 35 and have told myself I won’t fomo back in and I’ll be patient and just wait for the 200 wk to get tagged. I’ll probably load in 3/4 of my stack there and keep the 1/4 to BITO calls expiring far out if we drop further into 18 range. Once btc catches a bid and alts wake up (likely leading into halving) I’ll shift 1/3 of my btc into alts. That’s my plan and I’m sticking to it! (Unless stables get rocked which changes everything).

Mentions:#BITO

I like to buy puts on miners and BITO, which has it's own nuances

Mentions:#BITO

Sadly can only play BITO AFAIK. ETHE is trash but haven't revisited it in years.

Mentions:#BITO#ETHE

I wonder if Shorting $BITO Stock Market’s Bitcoin ETF affects Bitcoin price. I don’t understand where the millions of trading daily volumes are coming from. Strange. https://i.imgur.com/QD0uFSp.png

Mentions:#BITO

$BITO

Mentions:#BITO
r/BitcoinSee Comment

Not sure what you mean? You mean b/c the price is different across exchanges? I want spot etf so I can have btc exposure without having to store it myself. I’m afraid I’ll lose my keys or something. Also can leverage it with margin in my brokerage. Thinking of doing this with BITO but i feel like that has a lot of leakage.

Mentions:#BITO

Another EasyMillion Dollar Shorts Profit is $BITO just like how easy shorting Terra was.

Mentions:#BITO
r/BitcoinSee Comment

Extremely low volume trading. I can’t get in and out of OBTC nearly as easily on Schwab. Ended up going with BITO which worked perfectly

Mentions:#OBTC#BITO
r/BitcoinSee Comment

Now if your buying BTC you should as well be getting BITI or BITO. You get BTC and make money on the rise and fall. Even more on puts and call of those ETFs.

Mentions:#BTC#BITO

Lol puts on BITO are killing it

Mentions:#BITO
r/BitcoinSee Comment

Sounds smart. Whats the best way to start small? Buy through coinbase? Buy BITO etf on regular wallstreet? Or buy bitcoin directly? By small i mean like $200 every paycheck.

Mentions:#BITO
r/BitcoinSee Comment

You can hedge with puts on BITO, MARA, MSTR, ect. That way you can hold your long, but still have some downside protection.

I think MSTR is an excellent BTC alternative. It doesn’t track day to day for some reason, but it’s close enough and you can arguably get BTC at discount/leverage via MSTR. I sold all my Intel and BITO yesterday and put it all into MSTR. Another bonus is that MSTR stick you can use for things like home loans, whereas BTC is not viewed as a legitimate source for downpayment (US mortgage lenders, anyway).

Look at when BITO futures "paper" Bitcoin was introduced. All that $ would have gone into BTC... but instead it was diverted. We are still battling that futures market. If and when we win that war, we should see it decouple from other asset classes. Cross your fingers we win. You don't want to imagine a world where we lose.

Mentions:#BITO#BTC

We still have a long way to go down lol. Ideally we can see some hope once BITO fills the gap again

Mentions:#BITO

Lol. Late Longs getting punished. Time to fill the gap on the BITO

Mentions:#BITO

Why would anyone want to own BITO? Straight up trash. Just own real bitcoin

Mentions:#BITO

Lol there is still a massive gap to be filled on the BITO just saying

Mentions:#BITO

Just keep in mind futures-based ETFs have a roll cost when the futures curve is in contango. Over the long term that's likely to lead to underperformance in BITO vs. GBTC, especially if GBTC ever gets converted to an ETF.

Mentions:#BITO#GBTC

I’m confused at your question. Why wouldn’t you be able to harvest losses on securities? This is for my brokerage account. Anyway, I settled for what someone else recommended to switch funds to over the next month which is BITO

Mentions:#BITO

BITO seems to maintain the peg the best.

Mentions:#BITO
r/BitcoinSee Comment

Bitcoin is not good for using as collateral. Not your keys and so on. If you are going to give away your keys then you may as well buy a Bitcoin derivative that can be used as collateral for a traditional loan. GBTC BITO etc.

Mentions:#GBTC#BITO
r/BitcoinSee Comment

You are most likely right. Back to the BITO.

Mentions:#BITO
r/CryptoCurrencySee Comment

I went into BITO, the Bitcoin strategy ETF. Did some DD on it, I like what I’m seeing. Plus you can hold it in a traditional IRA, kinda cool to have BTC exposure in your retirement account.

Mentions:#BITO#BTC
r/BitcoinSee Comment

Once I got my cost basis out a while ago it made it much easier to stop caring. Barely even follow it, unless I'm trading BITO options.

Mentions:#BITO
r/BitcoinSee Comment

Looks pretty correlated to me https://www.google.com/finance/quote/BITO:NYSEARCA?comparison=INDEXNASDAQ%3A.IXIC&window=1M

Mentions:#BITO
r/BitcoinSee Comment

Avoid the penalty. Roll over the 401K then self manage it. Buy BITO in the 401K if you want. Buy real bitcoin going forward from your paychecks. Use the 401K to diversify into other things you want to invest in. This is the way.

Mentions:#BITO
r/BitcoinSee Comment

It may not apply to you, but for someone that already has a large IRA/401K you can buy the derivative BITO etc. You will pay a small yearly fee on the ETF, but you don't get the large penalty for pulling out of a traditional IRA/401K. Yes you don't get the actual bitcoin but you get the price movement and offset the dollar inflation.

Mentions:#BITO
r/BitcoinSee Comment

Calls on actual BTC or of something like BITO or Microstrategy? I wondered where is a good place to look at calls on actual bitcoin?

Mentions:#BTC#BITO
r/CryptoCurrencySee Comment

Can you legally invest in crypto derivatives in the U.S. besides options on products like BITO or CME futures, which, if you are priced out of regular stock options, you are priced out of these. If you are new to investing and are 20 yr old with a couple hundred bucks, IDK if options is really the right place to start, let alone crypto options.

Mentions:#BITO#IDK
r/BitcoinSee Comment

You can sell cash secured puts on $BITO. I'm not too sure why you would to though, buying will likely be a better option.

Mentions:#BITO
r/BitcoinSee Comment

Yes, I have 300 shares. Bought them about 6-8 months ago and have been selling calls on them ever since. All 3 of them. The main thing to be aware is, as I mentioned before is the volatility of BTC during the weekends. You need to understand the risk if for example BTC closes on Friday at $41K and spikes to $47K over the weekend. The price of BITO after hour would move from $26/share to $31/share. So that is the risk because you are not able to roll options during the weekend. Then on Monday when you attempt to roll your options you may be left with no option but to allow option assignment if rolling is not to your benefit financially.

Mentions:#BTC#BITO
r/BitcoinSee Comment

Yes, you can sell CC. I've been doing it for quite sometime. The only issue with BITO is that it moves with the price of BTC even during the weekends. My suggestion is to sell call 2 weeks ahead at a strike price of at least 3-4 dollars above current trading price. As I mentioned, BITO follows it BTC price and any sudden spikes will move BITO in after hours trading. I have had about two instances where the price of BITO crept up too close to my strike and was forced to roll the CC further and slightly higher for small amount of credit and in one instance I paid a small amount. But if stay on top of it its a decent passive income due to the high IV, premium its priced very well.

Mentions:#CC#BITO#BTC
r/CryptoCurrencySee Comment

Thinking of selling all my Bitcoin for BITO stock.

Mentions:#BITO
r/BitcoinSee Comment

I've been exploring the wild world of debt. I've become a bit of a connoisseur. Some banks, for example, have standby lines of credit, like overdraft protection it kicks in when you overspend your account, some of these can be fairly substantial on the order of 5-10k. Unsecured lines of credit are a little rare but out there. You can also get a debit card that draws off margin on a brokerage account, up to 50% of the value of the account You can also do this on a 401k sometimes. Many HSA accounts allow self directed investing and you can buy BITO. Learned this recently, too. With inflation so high, I'm trying to keep as little cash as possible. Ideally negative cash.

Mentions:#BITO
r/CryptoMarketsSee Comment

I only just googled the definition of 'ETF' after reading your comment. I think I found a good description of it on [investopedia](https://www.investopedia.com/investing/bitcoin-etfs-explained/). Could the introduction of [BITO on ProShares](https://www.proshares.com/our-etfs/strategic/bito/) in October of last year be what caused the price of Bitcoin to crashed in Q4? I've been looking for a cause and this seems to patch the timing.

Mentions:#BITO
r/BitcoinSee Comment

both are shit for their fees and being futures based with BITO. try an get access to the BTCX galaxy spot ETF in Canada instead. you may have to call you broker for access. better yet, buy real bitcoin and hodl it. not your keys, not your bitcoin.

Mentions:#BITO
r/BitcoinSee Comment

Buy MSTR instead. BITO doesn't track that well.

Mentions:#MSTR#BITO
r/BitcoinSee Comment

Poor guy, it takes longer than 2 days to get rich. Might wanna sell and try BITO weekly calls.

Mentions:#BITO
r/BitcoinSee Comment

Is BITO not a Bitcoin ETF? I can purchase through my 401k servicer.

Mentions:#BITO
r/CryptoCurrencySee Comment

And yet they “protect” people by herding interested investors into GBTC with its explorative premiums/discounts and BITO with its issues. Their inability to find a happy ground is resulting in a net worse risk environment.

Mentions:#GBTC#BITO
r/BitcoinSee Comment

GBTC maybe is the better option. It currently is at a big discount to spot. If it gets converted to spot etf that discount should disappear and it will still be better than BITO.

Mentions:#GBTC#BITO
r/BitcoinSee Comment

What about GBTC or BITO? I know this is different from owning actual Bitcoin but I'm looking to add BTC exposure to my Roth portfolio to avoid long term capital gains tax which I'm sure will be astronomical in 30 years.

r/CryptoCurrencySee Comment

I have some BITO, BLOK, LTCN, BITW, and BKCH. I like my stocks like I like my crypto... Diversified

Mentions:#BITO#BLOK
r/CryptoCurrencySee Comment

I like to play options on the BITO for some nice swing trades. I also hold shares in RIOT as well!

Mentions:#BITO#RIOT
r/BitcoinSee Comment

We've already seen massive inflows when other Spot ETF's were approved in other countries. Even the precursor of a spot ETF, $BITO set records for the most first day volume in all of history for an ETF with over $550m from investors. My point is still a spot ETF approval will usher in plenty of institutional adoption, because as we've already seen the interest is there. I agree them purchasing BTC itself would be more suffice but that is not the reality for all institutions. A spot ETF will do just fine :)

Mentions:#BITO#BTC
r/BitcoinSee Comment

Not a financial advise: Get BITO. 99% correlaction to spot, NYSE traded.

Mentions:#BITO
r/BitcoinSee Comment

Agreed, I bought a bunch of call options on the bitcoin ETF $BITO

Mentions:#BITO
r/BitcoinSee Comment

You can’t. If you want to gamble, you can do options on Bitcoin miners in the normal stock market, CME futures, BITO options, etc. Not recommended, house always wins - but thats what available legally in the US.

Mentions:#BITO
r/CryptoCurrencySee Comment

20k BITO put contracts bought in the last 35 minutes...someone thinking BTC dumps? that's a lot of hedging

Mentions:#BITO#BTC
r/CryptoCurrencySee Comment

Do I sell my BITO calls this morning or buy more? Tough decision

Mentions:#BITO
r/BitcoinSee Comment

Bitcoin ETF call options trade update! Up $836 so far. Well we all know the shorts are greedy and adding in this area. I refuse to sell my calls until my strike price is hit and I get my 32,700 shares issued to my broker account! Dear Hedgies this is your chance to jump ship while the shore is still close by! I know you shorted the call options on the Bitcoin ETF $BITO this is not the futures market of the 1630s tulips!

Mentions:#BITO
r/BitcoinSee Comment

$BITO has only 41.25 million shares out standing

Mentions:#BITO
r/BitcoinSee Comment

Remember that while this is fun to see.... This BITO market does not affect the Bitcoin price EXCEPT for the fact that all of the money in the BITO market SHOULDA / COULDA / WOUDA? been used to buy ACTUAL Bitcoin. That diverts DEMAND for the real BITCOIN. Glad to see some non-believers get REKT in that other market though. I personally wish the entire BITO market crashes and burns. I have a suspicion the market maker behind BITO might end up losing their collective shirts by betting the wrong way .... but then again I suspect the Fed is paying them to mess with "our" Bitcoin market to cause volatility and depress the attractiveness of owning and holding Bitcoin. The Fed has some VERY DEEP pockets. It will be interesting to see if / when game theory between central banks switches to the side where they all have to own some to compete with each other. THAT WILL BE A DAY OF INFAMY! (sorry Winston.....)

r/CryptoCurrencySee Comment

Anyone saying that shorted crypto!!! I bought a shit load of call options on the bitcoin ETF $BITO. Hedgies shorted the hell out of it thinking this was the tulip futures marking of the 1630s! $BITO to +$100! 🌷 🌷 🌷

Mentions:#BITO
r/BitcoinSee Comment

I bought a shit load of call options on the bitcoin ETF $BITO. Hedgies shorted the hell out of it thinking this was the tulip futures marking of the 1630s! $BITO to +$100! 🌷 🌷 🌷

Mentions:#BITO
r/CryptoCurrencySee Comment

I bought a shit load of call options on the bitcoin ETF $BITO. Hedgies shorted the hell out of it thinking this was the tulip futures marking of the 1630s! $BITO to +$100! 🌷 🌷 🌷

Mentions:#BITO
r/BitcoinSee Comment

I bought a shit load of the Bitcoin ETF call options $BITO to +$100

Mentions:#BITO
r/BitcoinSee Comment

BITO and MSTR are correlated to Bitcoin but not hard linked to the spot price of bitcoin. So a 10% jump in the spot price doesn't necessarily mean an immediate 10% jump in the ETFs as far as I know. As for my issue with European style: isn't it possible for the price of the contract to be underneath the intrinsic value? And in general I'd like the option to have the bitcoin assigned without having to go through cash (exchange fees).

Mentions:#BITO#MSTR
r/BitcoinSee Comment

The closest thing to a Bitcoin options I can think of is buying BITO Calls/Puts on most traditional brokerage accounts in the US.

Mentions:#BITO
r/BitcoinSee Comment

Suck on a BITO that, hedgies.

Mentions:#BITO