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BitoPro Exchange Token

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Buying Calls are More Safer Than Buying BTC

r/CryptoCurrencySee Post

Its been over a year now since the first Bitcoin Futures ETF (BITO) in the US was released. Here is what we can learn out of it:

r/CryptoCurrencySee Post

Its been over a year now since the first Bitcoin Futures ETF in the US was released. Here is the impact of it on the markets:

r/CryptoCurrencySee Post

Diversity in your overall portfolio is key!

r/CryptoCurrencySee Post

“Michael Burry of Crypto” is betting on a market crash with shorts on COIN, MSTR, BITO

r/CryptoCurrencySee Post

Liron, an outspoken crypto hater, revealed he profited $6M before embracing cynicism. Now he's shorting the same crypto bets he made gains on

r/CryptoCurrencySee Post

Popular Crypto Hater Profited $6M on Early Crypto Bets, and Now is Shorting BITO

r/CryptoCurrencySee Post

DD - Did ETFs kill Bitcoin (and all of crypto)???

r/BitcoinSee Post

Is it a good strategy to try wheeling with Bitcoin

r/BitcoinSee Post

Bitcoin futures ETF BITO doesn't appear to be suffering from contango

r/BitcoinSee Post

What is the difference between holding a Bitcoin ETF (like BITO) and holding actual Bitcoin?

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

Is BITO any better than GBTC for Roth IRA holdings?

Mentions:#BITO#GBTC

>If everyone owns paper BTC, especially futures All /BTC is essentially 5 bitcoin, that's the notional. It is provided by the CME, an American global markets company. It is the world's largest financial derivatives exchange. Name a brokerage firm, they use CME products. BTC futures actually provide liquidity, essentially creating a two sided market on their product, something you can't do in the US for digital assets. Futures are its own breed with different tax code, non PDT ruling, non-standard (beneficial) margin requirements. ​ >Your futures contract can go to 0 so I'm not sure how you assume a max loss of 30%. Maybe I misunderstood. If the futures go to 0, that means bitcoin goes to 0. I'm talking about options on an ETF that follows /BTC, not BTC. Reason this ETF follows /BTC and not BTC is regulation in US. It's a work around. If you go long an option, call or put, it is defined risk. If I bought a leap on **BITO** for 400 DTE for 3.00 (300 USD), and BTC going to 0, I can only lose 300. The benefit is you have the exposure and potential benefit of theoretically 100 shares. BITO is currently 10 USD, so 1000 USD. ​ >It's not sound advice. Only where there's risk do you see your discount. I never said this was advice to people. It is more of a statement and discussion. The risk for crypto is still relatively high, even with this downfall, that is exactly why I prefer my idea on buying a leap rather than owning 1000 equity in BTC.

Mentions:#BTC#PDT#BITO

BITO is an ETF following /BTC. Created by ProShares, an issuer of ETFs. Regulated by US regulation. This was the dumbest comment so far, congratulations.

Mentions:#BITO#BTC

RIOT and MARA aren’t direct Bitcoin exposure, as they’re companies that specialize in mining. I prefer BITO because there’s options, and I buy LEAPS.

Also because of $BITO, which is a cash case futures ETF. While not as good as a spot ETF, it’s more regulated than GBTC

Mentions:#BITO#GBTC

Me too changed my 401k to self manage just so I buy BITO

Mentions:#BITO

I play BITO

Mentions:#BITO

tldr; Bank of America analysts revealed that bitcoin has been trading alongside gold, regaining its safe haven status. Bitcoin's high correlation with gold prices suggests that it is being used as a hedge against wider market uncertainty. The ProShares Bitcoin Strategy ETF (BITO) has had a nearly one-to-one correlation with the price of bitcoin since its inception a year ago. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BITO#DYOR

tldr; Bank of America analysts revealed that bitcoin has been trading alongside gold, regaining its safe haven status. Bitcoin's high correlation with gold prices suggests that it is being used as a hedge against wider market uncertainty. The ProShares Bitcoin Strategy ETF (BITO) has had a nearly one-to-one correlation with the price of bitcoin since its inception a year ago. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BITO#DYOR

Continue to accumulate, also you could buy a couply BITO put options or BITI calls as a hedge.

Mentions:#BITO

tldr; BITO’s 70 per cent decline suggests it has burnt through $1.2bn of investors’ cash *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BITO#DYOR

I thought BITO was a btc spot etf 😭

Mentions:#BITO

You can gain Bitcoin exposure if you'd like to buy BITO just keep an eye on the expense ratio (fee often taking from the fund price at various times)

Mentions:#BITO

Crypto longs should be playing the BTC ETFs during the weekdays. A BITO pump would send BTC flying with the rest of the crypto market to follow.

Mentions:#BTC#BITO

Derebit is the only one with good liquidity. Not available in the US, not sure about the UK. Here in the US you can use FTX which has very wide spreads, or you can approximate BTC by trading options on BITO which is a bitcoin ETF that holds futures. You can also use BTC futures options from CME. If you have access to derebit though, that's your best option and where most liquidity is.

Mentions:#FTX#BTC#BITO

I like buying bitcoin and hedging my position with options that are short bitcoin(BITO puts, BITI calls) When the dips happen, the option premium spikes and you can accumulate more for your money.

Mentions:#BITO

Getting BITO to flip BITI should be the goal of bulls

Mentions:#BITO

I remember everyone being super stoked about the ETFs being made and no one really plays them. If only bulls utilized BITO like bears have BITI.

Mentions:#BITO

Yes, absolutely yes this is how nearly all 401k plans work in the U.S. **From Nerdwallet article titled “How Does Your 401(k) Compare to Average?” dated 29 May 2019:** “The average 401(k) plan includes between eight and 12 investment options, most commonly mutual funds that offer exposure to domestic and international stocks, bonds and money market funds.” **From another article dated Dec 1, 2020 titled “Number of 401(k) Funds Offered to Plan Participants Shrinks”:** “In its third-quarter 2020 retirement report, Fidelity Investments said that the largest corporate defined contribution plans it administers now offer fewer than 16 investment options in their lineup, down from 26 investment options in 2010. “ **From an undated article titled “Average 401K Match: Everything You Need to Know”:** “Generally, 401(k) retirement plans will provide an employee with approximately 20 mutual funds, usually a mix of actively managed funds (domestic and international) and passive index funds, from which to choose for their retirement plan contributions.” You can Google these keywords and check me and see these are legit sources, plus find more sources. My 401k works like this, my father’s 401k worked like this, my brother in-law and sister’s 401k works like this, my wife’s 401k works like this, and every one of my friend’s 401ks (of those who like to discuss investing and finance) work like this. You are the first person I gave ever come across who had “full range” to invest in anything in a 401k who wasn’t self-employed setting it up for themselves. This is incredibly rare to be allowed to invest in individual stocks, whatever fund or ETF you want to invest in, Bitcoin or even BITO futures ETF, and so on. Almost no one has this flexibility, and Vanguard won’t even allow it. Like if an employer requests Vanguard to allow 401k participants to be able to buy and sell individual stocks and Bitcoin, they simply say “We don’t offer that in order to protect 401k participants, but what we do offer it….”

Mentions:#BITO
r/CryptoCurrencySee Comment

Every crypto bull should be trying to get BITO to flip BITI

Mentions:#BITO
r/CryptoCurrencySee Comment

Market will be a dream once BITO flips BITI. Should be the goal of any BTC bull.

Mentions:#BITO#BTC
r/BitcoinSee Comment

Technically there are synthetic shares of BTC. For example: \-Bitcoin futures \-BITO: ETF that contains BTC futures \-Options on these ETFs In the future (no pun intended) there will be more and more of this. Yes most people self custody their bitcoin, but the convenience of all of these Bitcoin proxies may present competition to that in the future.

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

You guys want 100k BTC, get BITO to flip BITI. The BTC ETF if worth a 1/3 of the BTC short ETF. Bulls gotta fix that

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

If you want BTC to continue this rise today, help pump BITO, the BTC ETF, with calls out in the futures or help get BITI to dump with puts in the future. Getting BITO to flip BITI should be the goal of anyone trying to be a BTC bull.​

Mentions:#BTC#BITO#ETF
r/BitcoinSee Comment

Awesome! Hopefully my BITO puts print by then!

Mentions:#BITO
r/CryptoCurrencySee Comment

Should I buy me some BITO

Mentions:#BITO
r/CryptoCurrencySee Comment

Just buy BTC, if you want the stock version, BITO

Mentions:#BTC#BITO
r/CryptoCurrencySee Comment

If people wanted to see BTC climbing, they'd be playing the ETFs more. Pumping BITO with calls and dumping BITI via put options.

Mentions:#BTC#BITO
r/BitcoinSee Comment

I have puts on BITO, COIN, and quite a few shares of BITI. I am making money on your loss

Mentions:#BITO#COIN
r/BitcoinSee Comment

GBTC is only better than Celsius lol. Self Directed IRA with self custody or BITO futures ETF are better options.

r/CryptoCurrencySee Comment

I am actually wrong. Acorns let's you invest into BITO. Stash lets you invest into GBTC and ETHE. Honestly, Acorns is decent. The Round-Ups make passive investing extremely easy. It also has a good mix of ETFs - the majority of my Acorns bag is VOO, for instance. You can also make up the $3 Monthly Subscription with a variety of easily claimed Acorns Earn Credit, so it's essentially free. The one downside I can think of right now is that you **have** to HODL for at least 5 years for it to be worth. It is not a short-term strategy. You also can choose your risk-tolerance, which slightly changes your portfolio (i.e. conservative risk-tolerance will include bonds). It's not exciting, but decent.

r/CryptoCurrencySee Comment

$COIN = Coinbase $MSTR = MicroStrategy $BITO = ProShares Bitcoin Strategy ETF (proxy for Bitcoin value) He's taking short positions on stocks that are proxies for the performance of Bitcoin and other cryptocurrencies

r/BitcoinSee Comment

No, but I’ve often wondered why Gary Gensler is fine with a futures based Bitcoin derivative trading as BITO (and there are others) that tracks the spot price of BTC *fairly* well, but claims a fund backed by physical Bitcoin is “subject to manipulation”, **as if BITO wouldn’t be subject to manipulation if the price of BTC was?!?!** 🤦🏼‍♂️

Mentions:#BITO#BTC
r/CryptoMarketsSee Comment

Lots of reasons. For example I have a self directed brokerage account with my 401k. Can’t invest directly in BTC or GBTC. Did buy some BITO but you lose a lot over time of with that ETF. Have some mining stocks. But majority of Bitcoin exposure is with MSTR.

r/CryptoCurrencySee Comment

Your understanding is wrong. You can sell calls on a standard broker over any ETF that replicates the BTC price like $BITO or even some miner like $MARA or even over $MSTR

r/CryptoCurrencySee Comment

BTC started falling well before the market. It is definitely a logical viewpoint, but the timelines are off by about a month. ​ The halving cycle explains the bull run, but the crashes happen for a variety of reasons. I am just arguing that this crash was due in part to BITO and futures contracts which happen to all align with the previous cycles.

Mentions:#BTC#BITO
r/BitcoinSee Comment

Bitcoin options are worthless and BITO is worthless and has management fees. If you want bitcoin buy bitcoin and if you want dollars hold dollars. This is not an investing subreddit.

Mentions:#BITO
r/CryptoCurrencySee Comment

Mine is BITO for sure. I bought a bunch in my Roth the day it released, thinking it would spark the next leg up of the bull run. In actuality it marked the top perfectly.

Mentions:#BITO
r/BitcoinSee Comment

Smart move. Someday I hope to achieve this as well. For now I have my IRAs in Bitcoin derivatives like BITO and GBTC. Next bull run I will be closing them and buying real self custody Bitcoin. Not your keys, not your retirement…

Mentions:#BITO#GBTC
r/BitcoinSee Comment

I know BITO does the same rollover thing, will it be as bad as this for long term holding? It seems the rollover decay for it would be about 1% per year if I did the math correctly?

Mentions:#BITO
r/CryptoCurrencySee Comment

The Bitcoin fund, BITO, was created in Oct 2021 for investors to gain exposure to btc....btc proceeded to tank. The Bitcoin Fund, BITI, was created in Jun 2022 for investors to gain exposure to short btc....btc as now proceed to go up. conspiracy: wall street used the funds to get bitcoin to crash, using the money gained from selling the etf, they then bought the dip, and will now use that money to lift btc price while collecting MORE money by selling shares of their BITI fund.

Mentions:#BITO
r/BitcoinSee Comment

ETF has counter party risk, you can't spend shares, only sell for Dollars only exchanges where BITO is traded during trading hours. Self custody has zero counter party risk, you actually own BTC and can spend them or exchange them for Dollars at the place of your choice 24/7/365.

Mentions:#BITO#BTC
r/BitcoinSee Comment

BITO tracks the Bitcoin price via futures. That means you don't own anything -- the ETF doesn't even own anything. With a spot ETF, which would own coins, the difference is self custody vs trusting the ETF manager. There aren't any Bitcoin spot ETF's in the US currently.

Mentions:#BITO
r/CryptoCurrencySee Comment

“Most were expecting CPI to be the same level as last months or slightly elevated” Really? Why did most people expect it to be the same? The number is always bullshit and about 1/3rd of the actual number, so anything under 30% wouldn’t be surprising. Doesn’t take an Einstein to compare credit card bills from now and a year ago and see that basic shit you buy is anywhere from 20% to 50% more expensive. The last part humors me a bit, yeah sure, buckle up control damages. No mention of buying BITI, BITO Puts or idk SOL3S. All these are giving plenty of profit to build your BTC stash, like 20% in a day or two profit.

r/CryptoCurrencySee Comment

"Calls on BITO immediately!"

Mentions:#BITO
r/BitcoinSee Comment

What is the SEC's purported rationale for allowing other BTC ETFs like BITO to register but not allow GBTC? What's your take on the merits of Grayscales lawsuit vs SEC, likelihood of success? Thanks

r/BitcoinSee Comment

>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
r/BitcoinSee Comment

BITO does a better job at maintain the peg

Mentions:#BITO
r/BitcoinSee Comment

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
r/BitcoinSee Comment

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

Mentions:#BITO
r/BitcoinSee Comment

$BITO

Mentions:#BITO
r/BitcoinSee Comment

BITO introduced at the top BITI at the bottom lol

Mentions:#BITO
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/BitcoinSee Comment

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

Mentions:#BITO
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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

Mentions:#BITO
r/BitcoinSee Comment

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.

r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

I bought calls on BITO.

Mentions:#BITO
r/BitcoinSee Comment

Lmao corn. BITO puts printing boys!

Mentions:#BITO
r/CryptoCurrencySee Comment

can anybody say BITO?

Mentions:#BITO
r/CryptoCurrencySee Comment

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

Mentions:#BITO
r/CryptoCurrencySee Comment

Pro Tip: Short $BITO ASAP

Mentions:#BITO#ASAP
r/BitcoinSee Comment

Why would BITO track bitcoins price?

Mentions:#BITO
r/BitcoinSee Comment

BITO does a better job of tracking BTC price.

Mentions:#BITO#BTC
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

Nice 120% profit from selling my BITO calls.

Mentions:#BITO
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

BITO calls gonna print Tuesday 😎

Mentions:#BITO
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

I've got put options on BITO

Mentions:#BITO
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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.

r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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.

r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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

Mentions:#BITO
r/CryptoCurrencySee Comment

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

Mentions:#BITO#ETHE
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

$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
r/CryptoCurrencySee Comment

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
r/CryptoCurrencySee Comment

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.

r/BitcoinSee Comment

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).

r/BitcoinSee Comment

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
r/CryptoCurrencySee Comment

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

Mentions:#BITO