ETF

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Glass_Culture_6209

Diversify! Would put half of it into a global ETF

express_sushi49

If you zoom out far enough, every system of currency is a scheme. The dollar’s power is from the belief that it has value, simple as that. Do you think all of the old people allocating BTC to 5% of their portfolios/retirement funds know diddly squat about blockchain technology or give a flying fk about decentralization? The answer is a big fat no. It might still matter to some, but the majority of money going in is doing so to set & forget. In time, BTC will behave exactly like a slightly more volatile SP500 ETF if it doesn’t already. Tokenization and stocks IMO will have a convergence point where it all just blends to being the same crap. And we’re already seeing tokenized stocks, so we’re kind of already there.

Leather-Ad-1253

Wash sale wouldn't apply to BTC on exchange or peer to peer. Wash sale would apply to paper bitcoin such as an ETF product. Spot BTC from exchange is treated as a commodity and you can buy and sell and buy within the same day. No wash sale. Paper BTC in an ETF such as FBTC/MSBT/IBIT, treated as a security and subject to wash sale rules. Now...can you sell IBIT and buy FBTC much like some do with SPY/VOO? Maybe...

deviltalk

I'm holding my ETF position but I have to confess I have doubts as to whether or not it can continue to grow at the same rate as recent semi and AI stocks over the long term, and it's taking all of my discipline to stay invested, with some other stuff doing so well. We'll see.

Donut_LordO

Just imagine what that money would have done for you invested in a stock ETF like SMH or in Silver.

Prior_Parsley3960

**Summary:** Zcash executed an emergency network upgrade after developers found a critical vulnerability in its main privacy system (the Orchard shielded pool). The flaw was caught before any known exploitation. **Why it matters:** * Orchard is Zcash's primary privacy layer and holds billions of dollars worth of ZEC. * Developers considered the issue serious enough to temporarily halt Orchard transactions network-wide. * Funds and privacy protections were not compromised, according to the Zcash team. **What happened:** * An emergency soft fork was activated on June 2. * Miners were instructed to stop processing Orchard transactions until a fix was deployed. * The transition caused some temporary chain instability and orphaned blocks, but the network remained operational. **Impact on users:** * Funds are reportedly safe. * ZEC trading on exchanges continued normally. * Wallets that rely on Orchard (including Cake Wallet) temporarily lost ZEC transaction functionality. **Bigger picture:** * This is the latest in a series of major Zcash security patches during 2026. * Critics argue that maintaining two separate node implementations has increased complexity and created recurring consensus risks. * The incident comes while Zcash is experiencing a major resurgence, with ETF speculation, institutional interest, and a strong price rally. **Bottom line:** No funds were stolen, but a serious vulnerability was found in the heart of Zcash's privacy infrastructure. The rapid emergency response appears to have prevented a potentially much more damaging security incident.

funance2020

Blackrock moving 6k btc worth 400M due to ETF outflows

JohnnyStrides

Gotta sit on it for 30 days (at least in Canada) before you can do that and still claim the loss. I guess you could get fancy and buy an ETF holding BTC. But would suck to sell and watch it go up lol

colemusic1

Gotta still keep in mind though that things have changed from previous halving cycles. Institutionalisation into ETF’s, much deeper liquidity, etc With that said, I don’t disagree, but it is still more of a structure than some kind of certainty about it reaching X price by Y date due to a 4 year cycle. It has historically followed that, by we don’t have enough data on how these halving cycles have behaved since its institutionalisation let alone how much deeper liquidity is now versus 2020 or even 2024, etc

ClearSnakewood

Every rehypotecated coin requires a sucker leaving their coin on the exchange or ETF. SBF is drooling from jail as we speak.

ClearSnakewood

This is why people need to withdraw their fucking coin from these ETF’s and exchanges into cold storage man. They’ll keep playing with us till we learn. The FTX style playbook is still alive. We need to organize an exchange run and run them dry. Or we’re forever fucked in these trading games.

mypoopypencilhead

Retail and Institutions using the ETF as the primary means to get exposure instead of buying from an exchange. Inflows into the etf can have zero price impact vs those same flows buying on coinbase or kraken would get guaranteed reactions. 

mypoopypencilhead

Much of the ETF inflows over the last year don’t even hit the public order books they are either used to fill institutional shorts or are given to private deals with miners (so no price impact). However any outflow that happens is immediately smashed in the public order books which is why it’s price action is so lopsided 

mypoopypencilhead

ETF killed them. They don’t have Wall Street size to compete imo

PeachScary413

Bro how do people still think the ETF lose money when BTC/ETH go down? 💀😭 They are buying it with retail money and just collecting fees, they couldn't care less if it goes to zero lmaooo

zesushv

I don't think so, we are at the mercy of ETF now. As long as the outflows continue, the bottom is not in yet. Brace yourself.

-rosslyn26-

Mi sembra abbastanza "normale" considerare gli ETF come un grado di spostare il mercato. Sia in ingresso che in uscita la filosofia dei detentori di ETF è diversa dai tradizionali HODLer. Ti consiglierei di fare una gerarchia mentale degli investimenti... ti renderai conto che in un mondo con tassi dei treasury allettanti, euforia da AI earnings e necessità di tamponare i costi del petrolio, vendere una cosa "misteriosa ed inutile" come Bitcoin è normale.

HoldCtrlW

# 1. The $124k+ Peak: Powered by Retail FOMO 🚀 Bitcoin didn't smash past $124k because of boring institutional fund flows or Wall Street suits. It was entirely driven by a massive, organic wave of retail hype, viral social media trends, and everyday investors rushing into the market. Wall Street’s ETFs were just sitting on the sidelines watching the chaos. The real engine was the collective power of millions of individual believers creating a cultural supply shock that launched us into six figures. # 2. The Correction: The Saylor Effect 📉 So, why the recent crash? Look no further than Michael Saylor selling 32 BTC. People want to claim this is "pocket change," but they completely misunderstand the psychological weight of a modern-day Maxi selling even a single satoshi. The moment the ultimate HODLer blinked, it sent shockwaves through the entire ecosystem, destroying retail confidence. This dip is the direct result of that core betrayal, while ETF inflows remained completely steady and irrelevant to the price drop. # 3. The Next Surge: The "No One is Selling" Reality 🏔️ Here is the real hot take for the next leg up: The next Bitcoin price surge will see absolutely zero sellers at the top, only frantic buyers. Why? Because the vast majority of the supply is back in the hands of diamond-handed retail natives who despise traditional profit-taking algorithms and risk-management models. Unlike corporate entities, these ideological investors will ruthlessly refuse to lock in gains, aiming instead for hyperbitcoinization. The days of predictable institutional sell-offs are fading; the next peak is going to trigger an infinite squeeze because nobody is willing to sell their hard-earned sound money. We have finally broken free from our dependence on ETFs, and this marks the beautiful rebirth of Bitcoin exactly as it was always meant to be.

CODE_HEIST

The ETF outflow streak is probably the cleanest signal in that list. Price drops happen all the time in crypto, but persistent outflows plus extreme fear tells you positioning is changing, not just one headline causing noise. For trading, I would still wait for whether BTC can reclaim a level after the outflows slow. Sentiment alone is not an entry.

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Post is by: FitCommunication3 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tvsbse/22_5k_saved_etf_or_stocks_also_tried_weex/ M-22 with like 5k saved. Took 4ever in this economy. keep going back n forth on investin. ETF n chill? or pick sum stocks like nvda? also weirdly into copper n silver lol. tried crypto but fees r crazy for small amounts. almost 1% for some eth. thats stupid. tried weex**（** under 1%**）**. not sayin its the best, just what i tried. honestly just want somewhere that doesnt eat my money. not askin for a shill. just curious what other people actually use. pls dont roast me lol. genuinely askin. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

ClearSnakewood

NOT if they hold it on an exchange. People really need to get their coin OFF of these exchanges and ETF’s and Wallstreet paper products man… Including MSTR.

Medium_Change4574

ETF sell orders are locked & loaded

Patient_Craft2195

This is the framing the maxis aren't using and the bears aren't smart enough to use. BTC has historically *led* equities at liquidity inflection points — both directions. It led the rally off the March 2020 COVID lows by weeks, led the 2021 top, led the 2022 bottom. If that pattern holds, current divergence is either BTC sniffing out tightening that the S&P hasn't priced, or BTC just being noisy while equities ride the AI capex narrative. The tell will be credit spreads. If IG and HY spreads start widening while stocks stay calm, OP is right and BTC is the canary. If spreads stay tight and AI earnings keep absorbing the liquidity story, BTC's weakness is idiosyncratic — cycle exhaustion, ETF flows turning, miner selling, take your pick. Right now I lean toward "BTC is leading" because the divergence is too clean to be random. But that's a thesis, not a prediction.

Unable_Beat_3194

There is always a counterparty, every sale has a buyer whether it is a market maker/taker, arbritrage, margin brokers or MEV trader. ETF settling between internal clients and flash loans especially same block executions rely on a consistent liquidity pool to have fast instant settlements. The point of having a large count coin is that you become the guarantor for liquidity between all these parties. That is one of the biggest reasons to be a treasury. You act as a central bank for the asset class similar to how soverign central banks issue overnight interbank funds.

soudainlevide

Yeah but basically if you're 90% in a classic ETF you're doing really well at the moment (my case) as AI stocks are pulling everything up

GeoSystemsDeveloper

**Daily crypto TL;DR:** * ⚠️ Crypto Markets Plummet: Bitcoin fell below $70,000, and major altcoins like Solana and XRP also saw significant declines. * ⚠️ Macro & Geopolitical Headwinds: Higher-than-expected US inflation and escalating US-Iran tensions in the Middle East drove a broad crypto market sell-off. * ⚠️ ETF Outflows & Institutional Sell-Off: Bitcoin ETFs recorded a 10-day streak of over $2.97 billion in outflows, while Strategy (MicroStrategy) sold a small amount of Bitcoin, further impacting market sentiment. * ⚠️ Investor Sentiment in "Extreme Fear": The Crypto Fear & Greed Index has dropped into "Extreme Fear" territory, reflecting widespread pessimism among investors. * ℹ️ US Regulatory Push: The US Senate is moving forward with discussions on the CLARITY Act, and public comment periods for stablecoin regulations are closing, signaling ongoing efforts for clearer crypto legislation. *News summary from the* [*HODLings app*](https://www.geosystemsdev.com/products/hodlings/)*.*

u_spawnTrapd

The 4 year cycle has been a useful framework, but every cycle has looked a little different once people start expecting it. If it keeps rhyming with prior cycles, seeing new highs sometime in the next year wouldn't surprise me. The tricky part is that macro conditions, ETF flows, and broader market sentiment matter a lot more now than they did in earlier cycles. Buying around 100k means your timeline probably matters more than trying to nail the exact cycle top. I'm curious whether the bigger question is if the cycle still exists, or if it's just getting stretched out as Bitcoin becomes more mainstream.

DaveDropper

bit of both. halving used to actually matter when miners were the marginal seller, now with ETF flows it's basically noise. but enough people trade around it that it kinda works until it doesn't

MillionMinerCOM

BTC needs an actual demand catalyst, not just 'narrative reset.' AI has real institutional revenue and earnings backing it up. crypto has ETF flows that are now reversing. rotation is happening because the AI trade has fundamentals attached, not just hopium. wait for the next halving cycle to flip the script

cooltone

Zoom out with [this.](https://charts.bitbo.io/long-term-power-law/) After an ATH drawdown the price will crab along, just above the red trend-line. This is the natural trajectory of bitcoin until something kicks it up off this line (halving impulse, ETF launch) or kicks it down (FTX). The drawdown isn't a kick down force, it is a removal/resolution of the kick up force. Ignore the green and purple trend-lines they are a distraction. Based on the above the most likely date the price will reach 100k$ is September, 2027.

AssociationFit3009

I’m tempted to buy a leveraged inverse ETF to offset losses. Microstrategy made a sale recently. If they dump more they hold enough share to tank the price.

pattywhaxk

1. Bitcoins promise is zero monetary inflation. That doesn’t mean it will maintain its value against any currency, equity or commodity in the short run. 2. Bitcoiners generally aren’t concerned with short term price action. They’re either in it for the tech, concepts and ideals that underpin the system or for the long term investment opportunity, usually a combination of both. I’m not saying you aren’t one, but I think it’s easy to get caught up in the dollar numbers and forget about everything else that is going on. 3. We are in the bear market. We were at ATH less than 9 months ago. This happens every 4 years, and we are exactly where we are supposed to be. A new ATH is made after the halving, and then around the 2 year mark BTC crabs around the previous cycle ATH, which is exactly where we are at. 3a. To further prove my point about the cycle, in every 2nd year post halving, SPY outperforms BTC. 2014, 2018 and 2022. I suspect that 2026 could be the same. In this cycle the timeline was pushed up due to macro factors like the ETF approvals, but the cycle has maintained its general structure.

JuxtaposeLife

That’s a really good question, and it's a common misconception about how ETF mechanics interact with the base layer. While it’s true that ETFs generate massive internal trading volume, their actual on-chain footprint is limited only to net creation and redemption events. Ultimately, the vast majority of the supply remains outside of these funds. When you run the math, even a headline-grabbing $3 billion ETF outflow represents a tiny fraction of a percent of the total network. On-chain settlement and pure supply dynamics remain the truest signals for price discovery, even if the traditional finance focus on ETF flows sometimes obscures that reality.

Character-Issue1788

$114.5B BTC OI with -0.2% funding on 2026-06-03 is the tell for me here. BTC slipping while AI equities keep catching a bid doesn’t really read like clean risk-on; it reads more like crypto perps are heavy/defensive while the equity bid is narrower and AI-specific. I’d watch whether BTC OI keeps rising while funding stays flat/negative as spot drifts. That usually suggests leverage building into a weak tape, not confident rotation back into crypto. Caveat: OI/funding can whipsaw fast, so I wouldn’t treat it as a macro signal without volume/ETF flow/rates context too.

BakedGoods

i'm not sure this info is meaningful anymore, right? i mean, if I buy $100K of btc via an ETF ticker, and hold for 10 years, me 'holding' won't show up in a chart like this because while 'I' held, the ETF is buying and selling BTC constantly, so that $100K i gave them for BTC probably flips around thousands of times appearing as if it wasn't held for 10 years.

ch_raposo

That's my only concern about Bitcoin. I'm buying a Quantum computing ETF as an hedge just in case, but I think it will be updated to quantum-proof cryptography before it's a real problem.

dj_destroyer

Hypothetically, what is the process if you purchased BTC plus a ton of other alt coins over a decade ago -- making money, losing money, no idea what your cost basis is, no idea how much money you put in or took out, and the brokerages/exchanges no longer exist. Secondly, does it make more sense to buy BTC ETF at all-time lows in your Roth IRA to keep contribution room high?

Aggravating-Ant-7949

Bitcoin is shit. All my money gone to Ai ETF and getting ready for Anthropic IPO

EminentDesolation

What on Earth are you smoking? There will not be altseasons because the nature of liquidity has changed. I read this the other day and it made total sense. Someone investing in IBIT or any other ETF will not sell for profit and "trickle down" into altcoins to chase the altcoin season, which is historically how liquidity has moved in the crypto market. Bitcoin dominance is the new maxim, and last bull run we did not get an altseason, or rather altseason was very weird (happened before the actual bull run really picked up in late 2024). But imo, the whole concept of the altseason is dead. Now, moats and narratives might still yield profits, so altcoins themselves aren't fully dead. However, for any significant, altseason that sees altcoins pump across the board, we need a significant source of liquidity that I do not see coming from anywhere. The only way would be the approval of ETFs for the rest of the top 20 altcoins, I can see that maybe creating the conditions for an altseason. Otherwise? It's not happening.

Difficult_Spite_774

You probably continue using email, even though you can click on a phishing link, right? The point is, do your research before buying/ using something. Btw, I hold some crypto; I invest in a boring ETF. Btc/ crypto could be a part of a diversified portfolio.

Local_Math_5512

Don't care. I'm not religious. I prefer dynamic thinking that adjust to real world circumstance over strict adherence to an unchanging doctrine. Bitcoin Trust ETF's like "IBIT" didn't exist in the past. MSTR used to be the only way investors could hold BTC in a brokerage account. That world is gone. The market has changed. Most Brokerages allow crypto purchases. Multiple Bitcoin Trust ETF's exist. The old rule book for MSTR and other Treasury Co.'s doesn't fit the modern market. Diluting shareholders and taking on convertible debt because you sell at a premium to NAV ain't going to work anymore. Issuing preferred equity to raise capital for BTC is a better strategy anyway. It creates a digital credit market with yielding equity assets to be used by financial firms, insurers, credit funds, retail traders, ETF's, etc... These are large pools of capital that can use money instruments like STRC, STRD, SATA, STRF, etc.. The money those pools exchange can be used by MSTR to buy BTC. Increasing BTC demand and, thus, increasing demand.

Advanced-Summer1572

And finally..."Citigroup is launching institutional Bitcoin custody and banking infrastructure to integrate the cryptocurrency directly into traditional safekeeping, tax, and reporting frameworks, allowing clients to hold BTC alongside conventional securities. The bank's current Bitcoin and market updates feature:Custody Rollout: Citi is building this infrastructure to make Bitcoin "bankable." Clients will be able to plug Bitcoin positions directly into existing risk controls and tax workflows without needing to manage wallets or private keys themselves. Price Forecast: Citi analysts lowered their 12-month Bitcoin target to \(\$112,000\) (down from \(\$143,000\)). The revision reflects the stalling of U.S. crypto market-structure legislation, such as the Clarity Act, which has narrowed the window for regulatory catalysts that drive ETF demand. Market Scenarios: In a bullish case driven by high ETF-demand and regulatory progress, Citi sees Bitcoin reaching \(\$165,000\). Conversely, in a recessionary macro backdrop, the target drops to \(\$58,000\). Institutional Platforms: Citi is also building broader digital asset capabilities (CIDAP) to support asset tokenization and smart contracts across public and private blockchains. You can read more about the bank's digital asset strategies on Citi Digital Assets or explore the price forecast details reported by Reuters." Got to get back to finishing this analysis for a client. Enjoy the read. HODL

just-getting-by92

I find the posts so funny. Blackrock, the biggest financial institution in the world, who might as well be the Illuminati, not only is responsible for the ETF’s and holds a shitload of bitcoin and ETH, but they also believe bitcoin will hit 1MIL dollars. If blackrock is backing bitcoin, I’m not worried at all.

MadSL1m

your point about SWFs circling vs price not reflecting hits a real timescale problem. SWF allocation decisions take 18-36 months from rumor to capital deployed. ETF flows move in days. these two are on different clocks, so don't expect SWF interest to fight a $1.42B outflow in the same week. it shows up in 2027 not june 2026.

HSuke

**Brokerages when individuals open a new IRA**: "Here's a $5000 bonus, so please, please join us" **Brokerages when companies add employees to the company 401k plan:** "Pay us an additional $20/mo per participant for administration fees. And then we'll charge you management fees 0.5-1% higher than the equivalent IRA ETF.

Zestyclose-Power-132

I don't know, ETF wallet movements can be observed i think, CMC has an flow chart for the ETFs.

ClearSnakewood

imo, all these ETF’s are probably 90%+ fake paper Bitcoin to extract demand and liquidity from real Bitcoin buying. It’s FTX’s playbook professionalized. Even with Saylor’s billions of $ buys I’m starting to have my doubts now. All this “buying” and “adoption” and yet we’re struggling to keep above 2021’s ATH? So who’s selling? At least I don’t think they’re buying… We’re being played here plebs…

bansoma

Make sure to avoid wash sale rules. -- Also keep in mind you are readjusting your cost basis. So if BTC goes back up you owe a lot more in taxes later... Generally I'd say avoid. Unless: 1) you income is really really high now and will be lower later or 2) You are moving funds to an account structured differently (like to a IRA to buy a BTC ETF). Transaction costs/time are a thing and can net you a 1% loss for doing a deal like this. Maybe check with a CPA == Do your own research!

Generationhodl

bitcoin always did a 10x if you halved the time since the beginning. So when it was 5 years old, it took 2,5 years for a 10x. when btc was 10 years old, it did a 10x after 5 years. Now 2025 btc was 16 years old, so 8 years until another 10x. 10x in 7 years from now on - good luck with your SP ETF, if you are lucky you get a 2x in 7 years.

Calm_Situation_1131

The prior BTC run-up to $120k was an unsustainable fluke and a perfect storm of meme-stock trading, intense BTC ETF approval hype, and an exploitation of index inclusion rules. All three catalysts have cooled off but the index rules deserve the special attention because this was the primary factor in the $120k run-up. By aggressively issuing stock to purchase Bitcoin, MSTR and other DATs triggered billions of dollars of forced buying from passive index funds. MSCI’s latest framework neutralizes this "forced buyer" loophole by capping share-count weightings for DATs. But more importantly, DATs are at risk of being excluded entirely from the main indexes which would cause forced selling by the passive index funds. This means MSTR's and other DATs' share prices will get crushed and the firms won't be able to issue any more shares. Instead, the DATs will have to sell BTC in order to pay insane 11.5%+ and 13%+ dividends, on top of repaying \~$8B+ of debt, which are puttable or maturing the coming few years. The whole BTC buy pressure flywheel will completely flip to forced sell pressure in the near future.

Ok-Astronaut4952

Yup. It’s just not worth it in terms of risk/reward. At this point we would be lucky to see 170 or so as a high next time there’s a bull market. Not worth it when you can get the same return just holding a Nasdaq 100 ETF with way less risk

Ok-Astronaut4952

Still, there’s no need to invest in BTC anymore in terms of a risk reward proposition right now. You can get 75 percent of the returns just by sitting in S&P ETF’s. Way less downside, plus if the S&P crashes than Bitcoin will just crash twice as hard so it’s not really a hedge

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Post is by: Carter_LW and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tuwy5k/btc_starting_june_weak_while_stocks_hit_records/ BTC closed May around $73,751 and started June on a weak note while the big equity indexes are still being dragged higher by AI. That split is more interesting than a normal red crypto day. If this were broad risk-on, I would expect crypto to look cleaner. Instead, the tape looks narrower: AI infrastructure stocks are getting rewarded, but BTC is still dealing with ETF outflows, liquidation pressure, and a softer monthly chart. For BTC, the question is whether this is just a support test after a weak month, or a sign that crypto liquidity is not participating in the same rally as equities. Are people here treating this as a normal reset, or as a warning that the AI equity rally and crypto risk appetite are separating? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Crypto_Signal_Radar

Thanks for the clarification. And yes, the point about RSI/F&G is valid – 29 and 30 are just signs of slight uncertainty, not a real capitulation. Things looked considerably worse at the 2022 low. We're not there yet, I agree. And yeah, of course two data points don't constitute a cycle law. I phrased it as a time reference, not a specific date – and your point is valid; you can't assume it will happen again. Regarding ETFs: Correct, there was no sustained mechanical selling in 2018/2022. ETFs can simply continue to fall regardless of the RSI. Therefore, while the classic signals are still necessary, they are no longer sufficient. Observing whether ETF flows turn positive is also my primary indicator. Price levels are secondary in this context.

Lux_Multiverse

You would have probably be better served by buying a broad ETF honestly. And also for good practice btc should not represent more than 5-10% of your total investments.

Hitachi22

Out of all those, Litecoin is the biggest shitcoin. At least those others have pumped with the market at some point over the last few years. Litecoin on the other hand has done nothing and missed out on the last bull market.  There is zero demand for it. Just look at the ETF, it barely has $5 million in assets after 7 months. Easily the worst crypto ETF launch ever. 

zesushv

Different asset class, different age, different use cases, different storage systems. Whether btc dumps or rises has no impact on gold, the same applies to btc whether gold rises or dumps. With the ETF outflows, geopolitical tensions and other factors, many analysts predicted the dump/bearish sentiment. If there is any surprise, it is that btc is still in the **upper 60k instead of the lower 40k like most expected.** Personally opinion not a financial advice, I expect a significant movement this June. Either we see btc rise to 90k+ or a drastic drop to lower 40k... Whichever one it is, it will be smart to brace for impact.

Educational-Mobile73

Long term yes but you also have to manage your emotions here. It could go down further before it bounces back. I’d recommend not selling because you will likely have to deal with FOMO later on this year or early next year. You might just need to ignore the charts if you don’t plan to DCA on the way down. Again, we do not know where it will bottom. There are theories that because bitcoin is being institutionalized with ETF adoption, that the swings will be less dramatic than the past. If you don’t need that money today, don’t sell.

NuggetsAreGolden

PS- historically, BTC’s worst months have been June- August, the worst is yet to come, easily a money maker by utilizing SBIT , ETF Ultra Short 2x.

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Post is by: OpticAlpha8 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tuqiln/strategy_is_preparing_to_sell_bitcoin_to_stay/ **Title:** Strategy is preparing to sell bitcoin to stay solvent — what does forced institutional selling actually mean for price? Michael Saylor spent years publicly committed to never selling bitcoin. Strategy accumulated over 500,000 BTC on leveraged corporate treasury, and Saylor's "never sell" stance became one of the most well-known conviction calls in crypto. According to WSJ reporting, Strategy is now preparing to sell a portion of those holdings to remain solvent. **The mechanism worth understanding:** Debt obligations don't care about ideology. When liabilities come due, liquid assets get sold regardless of the holder's public conviction. This isn't unique to crypto — it's how leveraged corporate treasury works in any asset class. The balance sheet eventually wins. **What actually matters for traders:** The key question isn't whether Saylor was hypocritical. It's whether forced selling at this scale moves price. Two things to watch: 1. **BTC spot ETF flows** — institutions like Blackrock's IBIT have been absorbing consistent inflows. If that demand holds while Strategy offloads, price impact stays contained. If ETF flows turn negative at the same time, you have two sources of selling pressure coinciding. 2. **Exchange reserve data** — on-chain BTC reserves on exchanges have been near multi-year lows, meaning less immediately liquid supply. A large known seller entering the market against thin liquidity is a different scenario than selling into deep order books. Strategy's holdings are large enough that the timing and pace of any sale matters more than the total size. A slow OTC disposition is very different from hitting spot markets. What's your read — does this change your near-term BTC thesis, or is the ETF bid large enough to absorb it? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

South-Monitor-1589

… and Nasdaq & World ETF’s & Gold.

ReceptionSmall9941

The ETF divergence is the useful part here; if BTC outflows keep growing while ETH still takes inflows, that says more about positioning than a single risk-off headline. I would watch whether liquidity stabilizes after the geopolitical shock before reading too much into one daily move.

Puzzman

Initially it was great for people who couldn’t buy bitcoin directly. Eg if you wanted it in a 401k or equivalent scheme. Another example was in the UK we have a tax free investment account (ISA) you can’t buy bitcoin or a bitcoin ETF with funds in it but you could buy strategy since it was a listed stock.

rob201989

Put it into a ETF or AAA country bonds, go for slow and easy not quick and stupid

substandard2

People moved onto the next shiny thing. Tech stocks, AI, rockets, etc. Bitcoin failed to beat the S&P when the ETF finally came out, which was a major blow. Holding it means you are actually losing money when it could be in the S&P. While it will never die, don't expect it to become the new shiny thing again, or beat the S&P.

devCheckingIn

I haven't even been able to get my BTC inverse ETF buy in yet. Hopefully I'm not too late.

SidiCheloniorum

I do some ETF investimg but honestly I don't have great expectations. There are already some very big and nasty players on that market. I am exceptic on the fund managers themselves. But anyway I am throwing some money on them as well

WarpFactor777

Nobody. We were discussing Bitcoin ETF's, or securities like Strategy. Go look. Strategy has a prospectus

neverhodlHQ

Bitcoin ETF Outflows Hit $2.3B — What On-Chain Data Actually Shows [https://x.com/NeverHodlHQ/status/2061442491996328197](https://x.com/NeverHodlHQ/status/2061442491996328197)

AcostaJA

SpaceX IPO , big ETF getting ready with liquity, once SpaceX shares lost initial hype, liquidity to comeback and sensitive rebound expected. Yep, Elon fuckin everyone not just his girlfriends.

WarpFactor777

Seriously? I had no idea that other countries don't allow trading Bitcoin ETF's. Is it just cryptocurrency ETF's that you can't buy or are there other types of equity ETF's that are also forbidden?

waitmarks

That still doesn't make MSTR a viable alternative since they have changed the way they fund their bitcoin purchases. Previously they were issuing convertible bonds to buy bitcoin, so it was essentially a leveraged bitcoin ETF wrapped up in a shitty software company. Now however, they are issuing dividend yielding preferred shares, meaning every quarter they need cash to pay those dividends. Since their software business doesnt make money, they only have 2 options to pay those dividends. Sell bitcoin or sell MSTR shares and dilute. Both are bad for you if you are looking for bitcoin exposure.

Mark_Underscore

This comment will get downvoted to oblivion but the best way is to hold a bitcoin ETF inside a Roth Ira. Theoretically it's possible to hold bitcoin inside a self directed ira but that would be a lot of additional steps for effectively the same result.

Crypto_Signal_Radar

I can understand that. The old cycle narrative always assumed that Bitcoin pumps would eventually drag everything else down with them. The data from 2024–2025 largely disproved that—Bitcoin rose from $60,000 to $100,000, and most altcoins haven't reached their 2021 highs since. I find your new cycle narrative convincing. If ETF inflows concentrate capital into Bitcoin/Ethereum, and institutions diversify their portfolios through regulated products, illiquid altcoins will structurally fall by the wayside. Nevertheless, I continue to monitor ETF inflows because I think institutional demand for Bitcoin remains relevant. But you're right that my question might be the wrong one if they're only investing in Bitcoin. At least for the broader market. In your view, are altcoins dead, or do you see a scenario where they could benefit from the new situation? ETFs aren't going to suddenly disappear. I'd be interested to hear your thoughts on this.

MediumLibrarian7100

Institutions changed crypto liquidity from retail rotation to product gated allocation. Between 2022-today, they: \- wrapped crypto in tradfi products \- concentrated liquidity into BTC first, ETH second \- professionalised custody, execution and risk \- turned stables into settlement rails \- made “compliance liquidity” matter OLD cycle was: **BTC pumps -> retail feels rich -> profits rotate into ETH -> large caps -> mid caps -> microcaps** NEW cycle is: **ETF inflows -> BTC/ETH absorb capital -> institutions rebalance through regulated products -> little spillover to illiquid alts** That’s why in 2024 after halving BTC could rise without automatically feeding the whole market. Add three more pressures: too many new tokens diluting attention, venture unlocks creating constant sell pressure, and retail weaker than in 2020/21 because rates were higher and stimulus was gone I’m yet to see an advantage to them arriving

Pristine_Cricket_633

The early sellers or buyers are the ones who win. Most bitcoin buyers are waiting for October after another leg down. Supply is mostly fixed so there are more people short now or waiting for October which agrees with a bunch of charts. I believe October will be too late to enter at a good price . ETF's and institutions are part of the demand when it used to be just retail. If you are not stacking it now, it will leave you behind, just like semiconductors did in April without warning.

JerseyJimmyAsheville

ETF’s vary, but all buy and sell Bitcoin based on inflows and outflows, and as major institutions, it’s a lot of money, but a lot is based on the mindset of the investors. MM’s set the odds on options, and I’m not sure if these levers impacts the price of Bitcoin itself, but if they work the same as regular options, it causes stocks to go up and down, so my assumption is that it does impact the price of Bitcoin…how much, I don’t truly know.

justforgigs96

The plumbing on the BTC backed loans are still pretty bad IMHO. You mentioned 11.5% APR - which is far lower than many brokerages offer today. For example if you had Robinhood - they offer margin at 5% (at the low end) and even upwards of 4.8 or 4.5 if you have a bigger portfolio. So if you have a decent-sized portfolio there and you were interested in getting more BTC price action exposure: you could always get something like IBIT or a similar BTC ETF for 5% margin. If you're adamant that you only want to get spot BTC back and you don't have any other collateral beyond your own BTC, then I suppose that's the only place where it makes sense to consider. Ledn/Strike seem to be decent options for that. And while we've been at a bear market and have gone through a huge crash, that would be the ideal place to get it rather than waiting for it to run up again.

JerseyJimmyAsheville

This is the first of any of the cycles that allow it to trade with ETF’s and options. There will always be firsts when new instruments are introduced, but Bitcoin has actually stayed on track for what it normally does in a 4 year halving cycle. There is pretty good information out there, and I think the Power Law is the most fascinating, however…the story of Bitcoin is still being written. There are no guarantees…history says Bitcoin will find a bottom appx 12 months after its last all time high, which was October 6, 2025. Good Luck.

ChillerID

Gotcha. Those two might be worth a closer look. Besides quantum-safe crypto, I also hold quantum computing stocks and a quantum ETF. It’s always hard to pick the ultimate winner, so I prefer building a diversified portfolio.

LargeSnorlax

Absolutely not. I was cutting back my crypto accounts when DOGWIFHAT was over $4 and being advertised on my local subway as something to buy. Would take a lot of panic selling (under ETF original Bitcoin price of 50-ishk) for me to get interested in even a little bit of buying again. Bear market's for playing games / farming defi / yields / stablecoining like Smaug. Even that doesn't matter here because no one here is using Crypto anyways and only know it as something that sits on their Coinbase account, so whenever you mention any of that stuff people just moan and say no one wants to use it or no one cares or other defeatist nonsense garbage. But it doesn't matter because even if you mentioned something like that, people who have no clue about the space wouldn't be able to understand or take advantage of it *because they don't use Cryptocurrency*. So no, just because sentiment is in the toilet doesn't mean its a good time to buy. Bitcoin is sitting at 70k so there's not much to talk about there, alts will move randomly with no real reason as they always do so if you were obsessively checking charts you could do trades but I haven't done that in years.

ClearSnakewood

ETF’s, Futures, Options, Leverage trading … even MSTR and their products are all paper wrappers extracting real demand from Bitcoin. If it’s not on the blockchain, it’s NOT Bitcoin. The only read adoption is verifiable coin on the blockchain and held in self custody. Rest is ALL paper and fake adoption. Probably unpopular here by now, since this sub has been swamped by ETF holders and traders, but true nonetheless.

The_Vibe_is_Eternal

I’ve been keeping a close eye on it the past week. It’s been massive amounts of selling this past week. ETF redemptions mean people are selling, not Blackrock themselves.

DecisionBubbly5623

Going from ETF exposure to actual cold storage BTC feels like a pretty big signal tbh. There’s a difference between owning exposure and owning the asset.

GeoSystemsDeveloper

**Daily crypto TL;DR:** * ℹ️ Bitcoin social sentiment is highly bullish but the Fear & Greed Index shows extreme fear, signaling a potential contrarian red flag. * ⚠️ Spot Bitcoin ETFs have recorded 10 consecutive days of outflows totaling over $2.97 billion, pressuring BTC prices. * ⚠️ Escalating US-Iran tensions have pushed oil prices above $100, intensifying global inflation fears and crypto market volatility. * 🚀 Large Ethereum holders have accumulated nearly $2 billion worth of ETH, reaching a 10-week high despite ongoing ETF outflows. * ⚠️ JPMorgan CEO Jamie Dimon vows to fight the Clarity Act stablecoin bill over concerns with yield offerings and AML requirements. *News summary from the* [*HODLings app*](https://www.geosystemsdev.com/products/hodlings/)*.*

buzzyfairy

I'm reading it right now. I want self custody once my registrated account are maxed out. I already have an emergency fund even tho it's not 6 months, it's enough for me. My TFSA has ETF I could sell if my emergency fund is low. I got about 3 months expanses for emergency fund but that's if I spend as much as now. But in the meantime, I'm not really into low risk for me registrated account. Half of my savings and more are in sp500 which is already safe enough to me, 30%ish in Bitcoin, and some into memory ETF or semiconductor. I did a mistake with Bitcoin meaning I'm now at -30% of a lot so -15k, but I'm convinced it will bounce back in 2029 so I keep DCAing. Just doubting about that plan now. Anyways, the goal is to have self custody in an open-source wallet at some point, not connect to internet whatsoever with a burner dumb phone to buy it without KYC. I have no idea how I'll manage that, but that's something I intend to look for later on once I'm maxed out

MediumLibrarian7100

I’m going to take it a lil further: Wait until you find out that “open source” doesn’t automatically mean decentralised, safe, or immune from manipulation. Bitcoin’s code is open source but you don’t need to touch a single line of code to influence the network. Control exists at the infrastructure, liquidity, and access layers rather than the protocol layer. For example most people buy BTC through regulated exchanges, custodians, ETFs, and banks. If a handful of institutions control a significant share of liquidity, custody, and on/off ramps, they can heavily influence market behaviour without ever changing the Bitcoin protocol. The same applies to mining pools, cloud infrastructure providers, payment processors, regulators, and surveillance firms. The code can remain perfectly open while the ecosystem around it becomes increasingly centralised. A good example is the ETF era: Bitcoin itself didn’t change but large institutions began absorbing supply through custodial vehicles, changing how liquidity flows through the market and concentrating ownership in ways early Bitcoiners never envisioned. Another example: governments don’t need to ban Bitcoin directly; they can regulate exchanges, banks, and access points around it. Open source means you can inspect the code. It does not mean power, influence, ownership, or infrastructure are decentralised. Those are completely different things, thanks for playing 👀

GeoSystemsDeveloper

**Daily crypto TL;DR:** * 🚀 Geopolitical easing lifts BTC as Trump's announcement on lifting the Strait of Hormuz blockade boosts Bitcoin to $74K. * 🚀 US greenlights perpetual crypto futures with Coinbase and Kalshi receiving CFTC approval. * ⚠️ Ethereum struggles near $1,800-$2,000 amid 13 straight days of spot ETF outflows. * ⚠️ US Treasury seizes $1 billion in Iran-linked cryptocurrency targeting financial networks. * ℹ️ Bitcoin maintains price above $73K with compressed volatility despite continued ETF outflows. *News summary from the* [*HODLings app*](https://www.geosystemsdev.com/products/hodlings/)*.*

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Post is by: GeoSystemsDeveloper and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1trtn7v/daily_crypto_tldr_may_30_2026/ **In short:** * 🚀 Geopolitical easing lifts BTC as Trump's announcement on lifting the Strait of Hormuz blockade boosts Bitcoin to $74K. * 🚀 US greenlights perpetual crypto futures with Coinbase and Kalshi receiving CFTC approval. * ⚠️ Ethereum struggles near $1,800-$2,000 amid 13 straight days of spot ETF outflows. * ⚠️ US Treasury seizes $1 billion in Iran-linked cryptocurrency targeting financial networks. * ℹ️ Bitcoin maintains price above $73K with compressed volatility despite continued ETF outflows. *News summary from the HODLings app.* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

colemusic1

Not exactly true…? Would sort of be like saying buying SGOV is fake yields because it’s an ETF. IBIT has a huge MC. It’s not fake BTC per say, but it does have some downsides like not being able to buy/sell outside of stock market trading hours

blackjackn

Continuing to DCA into BTC ETFs is not a bad idea at all. Of course, look into self-custody. I have tax advantaged and fully taxable brokerage accounts with Fidelity holding IBIT, FBTC, and MSBT. No trading or management fees. Most of my Bitcoin is real Bitcoin in a multisig wallet but I wanted to have it in my tax advantaged accounts like you and some in a taxable account as a small hedge against my self custody. If and when I sell, I'll sell the etfs first for easy tax reporting. There's the ETF expense ratios that you mentioned to keep in mind but I find those negligible compared to how much I think BTC will appreciate on a 10-20 year time horizon. Id also look into MSBT, the new etf. It has the lowest expense ratio. But even with expense ratios, I think spreads and trading fees (if any) are lower when trading etfs versus trading Bitcoin on centralized exchanges. Perhaps that might make the expense ratios worth it but I havent really thought that out.

wolfofone

Time in the market > timing the market. Just because BTC has performed certain ways in the past is no guarantee it will do the same in the future. Your doubts and mentioning the recent price drops also suggests that you may not have an asset allocation that allows you to sleep well at night. Develop a written investment policy statement based on Schwab's ethos of core and explore. The majority of your portfolio should be well diveraified index funds. A small percentage of BTC to tilt towards BTC since youre already getting some minor exposure from companies that hold it is fine. As for BTC ETFs I think it is a good way to expose yourself to BTC price and I would much rather you invest in an ETF at a reputable discount brokerage with SIPC coverage than buying and keeping coins on a BTC exchange especially when people seem to always find and use the sketchiest looking exchanges ever lol. If you get into BTC beyond the price appreciation I would say looking into self custody is the best idea but you need to be willing to do the work to do it correctly and protecting your BTC is then all on you with no safety net but also no expense ratios and management fees.

No_Investigator3369

Yea I still have a 401k-sep that I went all in 2years ago .... Still up 120%. I think I put in about 60k to an ETF. Too lazy to 2fa to look with things down but it's at least 110% without a glance.

ClearSnakewood

ETF = Fake paper Bitcoin. Dump it.

devCheckingIn

The Morgan Stanley BTC ETF *finally* recorded its first outflow today.

Hitachi22

Wall Street hates crypto but they love the fees. Blackrock's Bitcoin ETF is its highest revenue producing product. They couldn't care less if Bitcoin price goes up or down.  I don't know how so many Bitcoiners were so excited to jump into bed with Wall Street. Bitcoin didn't need them, it hit $69k without the ETFs. And the ETFs do nothing for miners or the network. They need transactions to earn the fees and eventually after a few more halvings, that will be the sole source of revenue.

Party_Copy_9285

Blackrock is countertrading their ETF Inflows/Outflows

Gehrman_JoinsTheHunt

I've been a long-term hodler since 2016 but have become somewhat jaded in recent years. That's not based on market price, I've made my money. But so many of the bitcoin narratives re: hedge for inflation, digital gold etc have failed to materialize. IMO the concept of cycles and halving-based priced predictions are no longer applicable. It just isn't playing out that way anymore. The proportion of new mining is so minuscule relative to the total supply. That becomes even more skewed as time goes on. Holding the ETF vs a hardware wallet is a completely personal choice. Risks and benefits on both sides. I held actual bitcoin for nearly a decade, but switched to the ETF for the benefits of a tax advantaged account. Also the traditional brokerage allows for better inheritance/beneficiary designation. The allocation is also a personal choice. You've gotta decide what your conviction is around bitcoin (regardless of price), and then diversify accordingly. I personally dedicated about 25% of my net worth to bitcoin years ago, and stopped buying - I just hold. Others do 100% and continue buying. There is no wrong answer, just different choices with different results.

buzzyfairy

I'm trying to max out my registrated accounts first. If I understand your point, I should by normal diversified stock ETF instead in my registrated accounts and once I maxed them out, buy real Bitcoin in self custody?