ETF

Any_Brother2570

I'm trying to make as much money as I can. I don't care whether that is in Bitcoin or in the form of the ETF's. Doesn't matter to me. Purists can be exhausting sometimes when all I want is a direct answer from someone, not their opinion.

Go1den_Ponyboy

"PrOoVe It Or ElSe We KnOw YoU'rE lYiNg!!!" Seriously people? First, one of the points of cryptocurrencies is some sort of privacy and at least pseudonymity. I would think you are regarded if I told you "yeah, I really think bitcoin is best cryptocurrency." And you responded "Oh yeah? Prove it! Let me see all your wallets so I know how much you actually own so I can be the judge of how committed you are." Secondly, it's probably all wrapped up in the ETF's. I would be surprised if he is self-custodying it.

GloryIV

I used BitcoinIRA up until earlier this year. I was fairly satisfied though their fees were high. It was the vehicle I wanted a few years back to get some IRA exposure to bitcoin. Once the ETFs launched, I decided that a better strategy for IRA exposure to BTC was to sell the BitcoinIRA assets, roll the funds back to Fidelity and invest in the ETF. Cue an unbelievable amount of BS over the course of four months to get the funds moved back to Fidelity. BitcoinIRA made this incredibly difficult for me. It would have cost me a ton of money if I hadn't planned for a delay and gone ahead and bought the amount of the ETF I wanted using other funds in the IRA. As it is, them screwing around still cost me some gains. Would not recommend them. The only reason I'm using my traditional IRA to gain BTC exposure is because that's where my wealth is concentrated. With new funds I would go with a Roth or direct purchase of BTC via an exchange. I did the later with the new funds I wanted to invest because I did want to actually have some BTC in my personal custody. I DCA'd weekly into an exchange and withdrew to a cold wallet. The tax advantages of the IRA route - especially a Roth - are real when you are talking about something with huge upside like BTC. I would max out a Roth IRA contribution and if you still have funds left over, buy BTC on an exchange.

Away_Cat_3840

Don’t use Bitcoin IRA. Buy a Bitcoin ETF in a regular IRA. The advantage of self custody does not outweigh the fee difference

Remarkable-Hall-9478

That’s my point lmao. People come late and then set their own expectations and perspectives into the discussion but they’re so wildly off base vs the historical track, and in most cases mostly unaware of it.  Privacy coins are suppressed because they’re dangerous as hell. There’s a reason damn near every ETH scam hit tornado protocol first (in somewhat recent times).  Monero ripped hard, very hard, when the DNMs adopted it after determining it was generally equivalent to or safer than BTC, and they preferred protection on the public chain vs bitcoins open nature.  This stuff has always been associated with the purest ideals of crypto, but the thing is… that shits super dangerous to the establishment.  BTC and ETH are being openly co-opted by the system bitcoin was invented to provide an *escape* from, an *alternative* to - the traditional banking system with its rampant financial fuckeries - to thunderous applause (look at all the ETF hype, “XYZ major firm/player acquires $100m BTC”, etc). Yet the tech that embodies the pursuit of the ability to seamlessly and securely operate peer-to-peer takes it a bit seriously and literally… not going to get supported by the system it antithetically opposes and undermines.  And it’s not like Monero doesnt have technical issues regarding scaling, it’s not perfect tech even still.  But, it’s a step towards the Unallowable Path that the big money interests that diametrically oppose Crypto cannot allow or side with.  BTC and ETH are only big because they’re explicitly NOT that. Cryptocurrency will still exist but the success of the vision Satoshi had when he founded this whole thing is looking very bleak. 

suuperfli

ETF is small percent of btc holdings. self custody is key. blackrock cant control the base protocol

JFinale

If you want to own Bitcoin, buy Bitcoin. If you want to own a Bitcoin ETF, buy a Bitcoin ETF. They are two different products.

SmoothGoing

Don't think any of them will. That's not what an ETF is for.

CurrencyAlarming1099

Coinbase will repeat mtgox eventually, I guarantee it. People who own the ETF don't get it. "But taxes yada yada". No. You don't get it.

Any_Brother2570

Does anyone know whether Fidelity will allow trading their ETF into actual Bitcoin in the future?

Any_Brother2570

Do we know whether Fidelity will allow owners of the FBTC ETF to convert to actual Bitcoin in the future? I'm only assuming yes. I'm just curious. Thanks and if its answer on this thread, please link me!

sonofenix

If I have ETHE in a Roth, and putting aside higher fees, is there any concern with holding ETHE vs. using another Eth ETF? Will all of the extra outflows drop the price of ETHE more relative to other ETF options? It also looks like ETHE is currently trading higher than ETHA or ETHW. Is there a quick arbitrage profit to be made selling ETHE and moving to a lower share price Eth ETF?

cmzer123

Nearly everything Scaramucci said was something I read first on this sub in real time. Germany dumping Mount Knox ETF Inflows versus TQQQ He is here somewhere.

coinfeeds-bot

tldr; Michigan's retirement system has invested $6.6 million in Bitcoin through the ARK 21Shares' ARKB spot BTC exchange-traded fund (ETF), as revealed in a 13-F Form filed with the SEC. This investment represents 0.004% of the $143.9 billion in assets under management of Michigan’s pension fund as of December 2023. Michigan joins other pension funds, including Wisconsin's SWIB, in adding Bitcoin exposure to their portfolios. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MaximumStudent1839

The ppl who sold? A lot of the volume is just ppl switching from Grayscale to another cheaper ETF.

Financial_Design_801

Just checked and yes looks like Michigan's Pension bought up some $ARKB (altho we have it as $7.4m) which is small %-wise for them but its a start, they now third pension to report owning a btc ETF All pensions will move in slowly, clearly no one wants to be last 😂 https://twitter.com/ericbalchunas/status/1816859974795964859?s=46&t=ihVglVXC0BQSbw6j57EoaA

the_lone_unlearned

Well duh, that's the most obvious statement in the world. Even Ethereum is going to have farrrrrrrrrr less interest than Bitcoin ETF (and it's already showing). Nobody is going to be interested in random Crypto ETFs. Any other ETF outside of ETH would fail badly. Anyone who doesn't understand this has very little understanding of how little anyone outside "crypto degens" cares about anything in the cryptocurrency world outside of Bitcoin, and to a lesser extent Ethereum.

harvested

STATE OF MICHIGAN RETIREMENT SYSTEM Bought $6.6 Million Worth of #BITCOIN ETF $ARKB in Q2 Buttcoin in disbelief.

HerpTurtleDoo

They replace them within the ETF is my understanding, and to be honest I love it, it allows more time to accumulate.

Always_Question

Well yes, but Grayscale charges astronomical fees, so it makes sense for investors to exit and maybe pick a different ETF, as long as they are good with taking the gain.

justjoner

Good thing we have ETH, the non-ETHE ETF

aminok

Bloomberg senior ETF analyst Eric Balchunas: ETH ETF "is the second biggest launch ever" (12:12) [link](https://www.youtube.com/live/ObBO5F2RwEQ?si=962CXEtkBdjMVRtI&t=726)

JustinPooDough

For most people, investing in stocks via ETF's is still less risky than Bitcoin. Sure, Bitcoin has always recovered *SO FAR,* but that's not guaranteed forever... also, you need to factor in the individual risk of selling when Bitcoin swings into the red. A high, HIGH percentage of people will panic sell like always. Just playing devils advocate. I'm heavy into BTC myself, but for a lot of people, they *will* lose money on Bitcoin because they WILL eat up the FUD and sell. They always do. Sure, that's not an inherent risk of Bitcoin itself, but the end result is still a loss for a lot of people. Both have pros and cons. That being said I still recommend Bitcoin to people, and advise them not to look at the price and just forget about it.

jawni

*let's see what fun and exciting stuff is happening in the world of cryptocurrency!* Elon Musk’s X removes crypto emojis, leaving community puzzled (cointelegraph.com) - **WHO CARES** Japanese Financial Giant Preparing for Approval of Bitcoin ETFs (headtopics.com) - **WHO CARES** Massive Sleeping Bitcoin Wallet From 2013 Moves 750 BTC After 11 Years, Valued at $48M (news.bitcoin.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Robert F. Kennedy Jr. blasts inflation as 'government theft' (finbold.com) - **WHAT DOES THIS HAVE TO DO WITH CRYPTO?** US senator withdraws support for Elizabeth Warren’s anti-crypto bill (cointelegraph.com) - **WHO CARES** Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut (cryptobriefing.com) - **WHO CARES** Cryptominer with palm-sized $179 ASIC hits the jackpot with $206,000 in Bitcoin (tomshardware.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum (cointelegraph.com) - **WHO CARES** CZ is NOT getting released from U.S. prison next month (cryptopolitan.com) - **WHO CARES** New Jersey wants to invest city pension fund in crypto ETFs (cryptopolitan.com) - **WHO CARES** Cash, not crypto, still top funding choice for terrorists, Singapore reports (cointelegraph.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Russian ransomware generates over $500m in crypto proceeds, TRM Labs says (crypto.news) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Argentina wants to tame crypto market due to money-laundering concerns | Cyprus Mail (cyprus-mail.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** At this rate, Grayscale's ETHE could run out of ether within weeks (theblock.co) - **STILL DON'T CARE** MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC (theblock.co) - **WHO CARES** Russia mulls launching tokens backed by cenbank-owned gold: report (crypto.news) - **ONLY HEARD THIS ABOUT A MILLION TIMES** USDT/USDC spending without EUR conversion (self.CryptoCurrency) - **Niche problem, irrelevant to most** VanEck Predicts Bitcoin to Skyrocket to $52.38 Million by 2050 in Bull Scenario (beincrypto.com) - **WHO CARES (HOPIUM EDITION)** Crypto miner Marathon Digital adds $100m in Bitcoin to reserves (crypto.news) - **STILL DON'T CARE** In harsh year for NFTs one group of ‘Made Mutants’ still believe in Yuga Labs’ future (dlnews.com) - **WHO CARES** Help with BEP2 changing your bep20 (self.CryptoCurrency) - **Niche problem, irrelevant to most** Alchemy Pay’s Advanced Banking Solution Enables Web3 Enterprises to Open Multi-fiat Accounts with… (alchemypay.medium.com) - **THINLY VEILED AD** Arbitrum Foundation’s proposal to deploy Orbit chains beyond Ethereum opens for initial vote. (theblock.co) - marginally interesting but largely irrelevant. Broad Lister Cryptoexchange Gate.io, Gives Up On Compliance Heavy Japan (observers.com) - **WHO CARES** Grayscale Ethereum Trust Sheds $327 Million in a Day as ETFs See Mixed Flows (decrypt.co) - **STILL DON'T CARE AGAIN**

80rexij

So, no PEPE ETF?

raresanevoice

For those interested in watching the daily totals.... Farside.co.uk Also has the BTC ETF flows

aminok

New Bankless episode: Eric Balchunas on $ETH ETF Launch: [link](https://www.youtube.com/live/ObBO5F2RwEQ)

dimi727

How is it possible that Greyscale has all those coins already. How can it be they have already had some sort of ETF? How's that possible? It was not allowed? I hate them for the fact they then put those high fees so every holder of their scuffed ETFs have to sell... First BTC now Eth...

WineMakerBg

Stay cool boys and girls, there is an ETH ETF banner hanging on the NYSE. Sourse: https://www.theblock.co/post/307693/bitwise-hangs-banner-on-nyse-facade-to-promote-spot-ethereum-etf

Majestic_Panda8357

İnvest in Blockchain technology ETF not Bitcoin..Bitcoin is only a currency not an investment.

Fuck_Ted_Talks

I don't know if you've seen the stories about the DOD wanting to weaponize Bitcoin or not.  A strategic reserve in the hands of the US government will quickly lead to Bitcoin only being owned by the ETF managers, the 1%, or the government who at any time could invoke the same tactic that removed the Gold Standard to force any US citizen to hand over their Bitcoin for $1 bills. 

_dont_be_a_sucker

Long term Grayscale will simultaneously have the highest fee and lowest fee on the market. The asset manager’s decision to keep its ETHE fee at 2.5% is triggering the [details here](https://research.kaiko.com/insights/will-the-launch-of-spot-eth-etf-be-sell-the-news-event)outflows from the fund, mirroring the performance of GBTC post-conversion to a spot BTC ETF.

Any-Cartographer7305

there's no way to buy houses without selling BTC? With the adoption of the BTC ETF, there is confidence that in a year or two it will definitely be worth more than it is now, so it makes sense not to sell the coin.

coinfeeds-bot

tldr; Japanese financial giant SBI has partnered with American company Franklin Templeton to potentially launch a Bitcoin ETF in Japan, pending regulatory approval. This collaboration aims to establish a cryptocurrency management company capable of introducing Bitcoin ETFs to Japan, aligning with similar products already available in countries like Canada, Brazil, and the U.S. Franklin Templeton has previously launched a Bitcoin ETF in the U.S. and an Ethereum ETF on the Chicago Board Options Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Shiratori-3

That got added to CT stories in here after they incorrectly announced a BTC ETF approval iirc. They jumped the gun and didn't verify.

Paparacisz

The whole ETF thing goes against everything that Bitcoin and crypto was supposed to stand for, but whatever pumps our bags, i guess...

kirtash93

BlackRock proceeds to ask for a SOL ETF /s

Dont_Waver

Grayscale already had an ETH trust with many investors in it. The fees were 2.5% per year. Grayscale just converted this trust to an ETF. All the other ETFs have fees near 0%. Anyone who was in the Grayscale trust will sell as soon as possible.

Rayl24

They are exiting grey scale for other cheaper ETF like what happens for BTC

partymsl

Every ETF has red and green days, that's just very normal.

competitor6969

They are handing money over to Wall Street. If you want to buy Bitcoin just buy Bitcoin. If you buy an ETF you're buying a middle man.

0xSnib

Give us a DOGE ETF

Winter_Form8485

It will be up again It happened after $BTC #ETF also

Generic_Globe

dogwifhat ETF lmao

BlazingJava

I don't even understand why Eth ETF... worthless

raulbloodwurth

They were forced to approve by the courts. In 2023 the U.S. Court of Appeals for the District of Columbia that held that the SEC failed to adequately explain why it disallowed the listing and trading of a proposed Bitcoin ETF.

forjeeves

Bidens admin approved BTC eth ETF, trump didn't 

forjeeves

Why did they approve the BTC and eth ETF?  Why didn't trump do that if he was so good, hes a flipper like everyone else

Olskoolah

The BTC ETF was only approved because Greyscale sued the SEC for it and won. The court ruled that since there was a futures market then there was no reason to not approve. Following that logic the SEC had to approve ETH too. Biden didn’t do it out of the goodness of his heart. Biden tried to kill crypto on ramps with Operation Chokepoint 2.0

forjeeves

If Trump was so pro crypto why was the BTC and eth ETF approved under Biden, especially since it's election year he could have waited it out and try to get People to vote for him by approving it?

justjoner

would make more sense if they wanted to buy the underlying asset rather than the ETF itself. Otherwise, not sure what it could mean

igoldring

Grayscale still has 2,391,684 ETH left and they’re selling an average of 112,850 ETH a day. Only 3 days in the ETF though. Hopefully inflows from others start to outpace the selling pressure.

coinfeeds-bot

tldr; Grayscale's Ethereum ETF (ETHE) experienced significant outflows, losing $1.1 billion within three days of trading, with assets under management dropping from over $9 billion to $7.4 billion. In contrast, other Ethereum ETFs like BlackRock's iShares Ethereum Trust and Grayscale’s Ethereum Mini Trust saw inflows. The combined net outflow for all nine Ethereum ETFs reached $152 million on Wednesday, primarily due to the outflows from Grayscale’s ETHE. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

PheelGoodInc

I'm about to move a ton of my retirement into BTC ETF, and it feels good.

seb7mad

It means the underlying asset (ETH) is staked, not that you’re stacking your ETF shares

mister10percent

A monero ETF would be very popular if it were able to skirt legal regulation in any county

Every_Hunt_160

Well if they willingly believe whatever their fraudster cult leader would say nothing will stop them from believing an ETF is imminent no matter what the facts are

Every_Hunt_160

You're telling me BlackRock are loading up on animal shitcoins for a future ETF as we speak?

hiorea

the best part of ETFs was when he said "IT'S SOARIN' TIME" and dipped all over those ETF investors.

PeanutCapital

They won’t do that because the ETF will have made it’s way inside of every major corporate entity and retirement fund. And when they ask Larry Fink for permission they’ll be rejected.

Libertyman4

Bruhs, 2 things 1) mount Gox 2) grayscale/ Barry Silbert. 2 to 3 weeks this will be over. This is exactly what happened with the bitcoin ETF. Big selloff.

Gvazeky

I own a fair share of btc, I just prefer doge specifically because of that mentioned volatility. The whole point is to be stupid, this isn’t your retirement account; it’s your dick around money. An ETF for Solana would interest many investors, maybe not shitdickcumball inu but perhaps your just bad at researching coins / got rugged a few too many times lol

fairlyaveragetrader

I like how this is noted unreliable source because I know exactly what was said. It goes more along the lines of we don't have any plans at present to introduce more products. That does not have anything to do with demand. They just are saying they aren't planning on rolling out more and more crypto ETFs. I would not be surprised at some point if someone develops a large cap ETF or an established coin ATF and we all know what the likely candidates are going to be

EveliaAvila

Top 100 ETF would be a replica of top 100 coins

Gvazeky

Litecoin, Dogecoin but only because they’re based on bitcoin, by extension I think Shibu and Amp are both decent long term HODL but not sure if that’s 1% of all the shitcoins available The only other coin I think could use an ETF is Solana, AVAX or XRP in the far far far future when they have a more solid market cap / use case

Baecchus

Next ETF will be one of my shitcoins, trust me bro

luciddrummer

lmao, you're right I had to edit it a second time, thank you. I'll be honest though, I can't recall the mechanisms of this staking ETF. I recall looking into it when I first invested but the details elude me now. I took a quick look just now but couldn't find anything that explained how it functions well. I'll post back if I do.

HIimNaz

You still got it wrong bud lol. So there is no dividends eh? Why this ETF then?

LargeSnorlax

ETHE holders have ETH with 10x profits waiting to be sold and transferred over into cheaper Blackrock funds Same as the BTC ETF, we'll see giant outflows for a while as Grayscale empties and Blackrock fills

luciddrummer

ETT was a typo, ETF was intended. I'll edit my original post.

Lillica_Golden_SHIB

I'm sure that if we start trashing an eventual Solana ETF here in this sub, it will be a huge success

justjoner

Yea I’m not buying a shit coin ETF

SuccotashComplete

Yeah exactly. If you’re not taking advantage of a Roth there’s no reason for typical investors to buy the ETF

Herosinahalfshell12

Where's my Pepe ETF? hmm?

Extravagos

I can't remember who it was, but I remember reading about a Canadian company applying for a SOL ETF. Maybe BlackRock may change their mind if there's enough demand

Extravagos

We have them in Canada already, but I think it only yields about 2.6%. It also doesn't pay any dividends or income directly, the value of the ETF just goes up by 2.6% per year (compared to a regular ETH ETF).

Ill-Sandwich-7703

It’s going to follow the same trajectory as the BTC ETF most likely. Calm down.

el_rico_pavo_real

When do ETF in-flows get finalized each night?

Amber_Sam

Great job, don't download random apps, scammers are everywhere. Anyway, we all have been where you're at, read and bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. 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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **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 garbage 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. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) 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. Now, don't buy a 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/green/](https://blockstream.com/green/) \- 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 [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. 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) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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. 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, etc. **Stay away**, save yourself a headache in the future. 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 and look for the answers.

FitnessBlitz

Grayscale fought tooth and nails to get this ETF approved so it can nicely dump everything on the market and fuck everyone over for some time. Good on you Grayscale. All on one day as well 👍.

road22

When the real inflation rate is over 20% the acting president will do an executive order to confiscate all BTC ETF'. All holders will be paid in Fiat (with newly printed money). All Bitcoin miners will be nationalized and withdrawals for BTC from exchanges will require holders to have a Banking License (as part of national security). The new currency they create (STRONG USD) will be backed by BTC.

DeFi_Ry

My theory for BTC was that after the sell the news ETF event people started to front run the halving. Now with ETH there obviously isn't a big event to look forward to 3-4 months from now. So I'm curious to see how this plays out

civilian411

Use your self directed 401K to trade the ETF with no taxes. 😃

coinfeeds-bot

tldr; Grayscale's Ethereum Trust ETF experienced a significant outflow of $327 million in a single day, highlighting investor skepticism following the launch of Ethereum spot ETFs. Despite the anticipation, the market response was underwhelming, with Ethereum ETFs seeing mixed flows. In contrast, Bitcoin spot ETFs showed resilience with net inflows. The market volatility affected both Ethereum and Bitcoin prices, with Ethereum down 8.5% and Bitcoin down 3.2% over the last 24 hours. Analysts remain positive about Ethereum's future, drawing parallels to Bitcoin's post-ETF trajectory, but caution about volatility and inflated expectations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Jeffy_Weffy

People act like Grayscale is selling in a malicious or dumb way. Grayscale has an ETF, so if the people who own shares of that ETF sell, then grayscale has to sell. The outflows from grayscale are caused by individuals selling their shares of the grayscale etfs, either to take profits or to switch to a different ETF with lower fees.

nyaaaa

Considerations: Taxes and fees. If one of the option has a tax advantage for you, pick that. If both have the same tax burden, consider your holding duration. ETF fees are every year. BTC (exchange) fees are on purchase and on sale. So as the years go on ETF fees will overtake the exchange fees. Depending on the ETF and exchange and your volume it can be after 2-3 years already.

OderWieOderWatJunge

Too many people just bought for the ETF rumors

AmongTheElect

>Cuz of eth etf launch Grayscale sold off their Bitcoin with the ETF launches, so I don't know why anyone would have thought Eth would have been any different. >the new whales are defending that line TA is for day-trading. If you've got $10m to invest I don't think you're particularly concerned with someone drawing lines on a chart.

Studio_2

Dipping after the ETF like bitcoin did, before it rose shortly after

KuciMane

VanEck has already applied for a SOL ETF

OverallHearing5

They don’t have to get together. It always happens. Just like how eth holders should’ve all expected a major dump on the ETF launch date.

ilsemprelaziale

So let me get this right. The ETH ETF got approved and it just started trading. And this means ETH goes down 10%....?

NaiveMercury

This is the last leg down until next peak, you saw it here first. Economy is doing good, rate cuts will coincide with the bull run year, ETH ETF and Gox shock have passed and the next sellers will get diluted in the inflows from the ETFs and delayed halfing supply shock. There is only one way for crypto in 2025 📈

Terrible_Future_6574

Always sell the news. I stopped weekly DCA past 2 weeks when it shot up. Now continue DCA lol. ETF hype is gone

Indianianite

We’ve been here before with the BTC ETF…

thistimelineisweird

BTC was trading somewhere between 40-44k at launch of ETF. 

Silver-Maximum9190

VanEck can’t chill, even though their promotional videos on bitcoin and Ethereum ETF are some of the cleanest masterpieces albeit their BTC predictions are straight up ridiculous!

viewmodeonly

Bitcoin went from $1k-$20k in a calendar year in 2017. $1m is less than a 20x from here. Considering current and future ETF inflows, country adoption, it's not impossible $1m comes before the end of 2,025, but that would be surprising.

OccasionalXerophile

Eth ETF is the kiss of death

antaran

This happened way before any ETF started to trade.