ETF

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Post is by: Proper-Plantain9387 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1phdvsf/is_anyone_watching_zcashs_fundamentals/ ZCash’s network processed 73,862 daily transactions in late November 2025, a staggering 1,300% jump from earlier in the year. This surge highlights ZCash’s capacity for innovation while staying true to its privacy mission. In November, the network outpaced both Ethereum and Solana in fee generation, amassing $47.5 million in fees which accounted for 2.6% of all major blockchain fees. Industry leaders such as Cypherpunk Technologies (Founded by the Gemini Brothers) and Reliance Global Group have demonstrated their faith in ZCash - as Cypherpunk purchased 1.43% of the total ZEC supply and Reliance’s complete transition of digital assets out of BTC & ETH and into ZCash. And lastly, Grayscale Investments submitted approval for the 1st ever spot ZEC ETF. *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.*

rodinj

Weird question, but are there any tokens out there that are backed by stock ETF's or something along the line? I have a bunch of stables that I want to invest in something a bit less risky with the current market, but don't want to cash them out to invest them via another platform.

Prestigious-Type-496

Couldn't you buy Bitcoin ETF (or ETN) and another Crypto ETF excluding Bitcoin? And then decide what ratio you want to be exposed.

coinfeeds-bot

tldr; Bitcoin attracted a record $732 billion in new capital during the 2022–2025 cycle, surpassing all previous cycles combined. This influx, driven by stablecoin liquidity, spot ETF demand, and tokenized asset rails, pushed Bitcoin's Realized Cap to $1.1 trillion. Bitcoin's price rose from $16K to $126K, a 690% increase, while its market dominance grew to 58.3%. The report highlights reduced volatility and structural changes in the market, with Bitcoin becoming a more institutional and stable asset compared to previous cycles. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Patient-Process-2565

Be very careful, crypto is highly volatile and risky. S & P 500 or similar for the bulk of your investments a couple of ETF’s perhaps a single stock of a company you fully understand. A small position (5%) into BTC, (3%) ETH and 2% into altcoins but learn to take profits from your alts.

Braviosa

Hey, I managed to find these guys. I didn't quite understand the offering/services initially but I'll do more looking in due course. I've been looking at why there's such a disconnect from OG Bitcoiners like and the Wall Street early adopters like Saylor, Pal, Lee & Woods and even the big investment firms like Blackrock, Goldman's and Morgan . And I'm starting to think you're both correct. I believe you that there are indicators which show the bull run is at an end (and my understanding is that it's almost programmatic in nature from the btc dev team), and what happens next is left to the whims of the public and it's usually a giant retail dump and a huge crash. But now things have changed and the dumping has stopped very quickly. We've already seen a full reversal on BTC and selling pressure has disappeared in a full reversal. The halving cycle may be finished so we're left to the macro factors of the market which are actually looking really positive for risks on assets and that's why we're not dropping any further - the asset has matured enough that it doesn't need crazy cycles gains/losses anymore. It will keep going as long as the interest rates stay low, risk on assets will remain positive because the asset holders know what they're doing rather than panicking. We may well have explosive growth outside the 4 year structure and we know the most important ingredient liquidity is coming in the form of stimulus injections into both the US and China markets. Not a single crypto commentator from a trading/investment institution has backed down from their price predictions. The current institutional and nation states holding crypto are increasing their crypto inventory and some are now doubling down that the bullrun will last to 2027 and beyond. We did see gold go nuts on a decade long bullrun when the ETF started selling in the noughties. The stock to flow model was in effect there and we may get a similar cycle with mainstream acceptance. Its the go to narrative the institutions seem to be saying.

VariatCA

Is it a smart trade to short the market into a trend-reversal of both spot-buying + ETF inflow pressure since November 20th, while the equities market has also been recovering and monetary policy is further loosening with rate cuts + QT ending?... On the Astrology theory of a pre-ordained "4-year cycle" crash? If you're asking me, no it's not at all lol. Short pressure has been mounting since November 20th to the tune of *+$33 Billion* in volume when compared to longs, while the price has risen over $9k. These are short-positions that *must* execute a spot-buy if they wish to close.

shimanospd

Yeah, I do wonder why, why every time someone points out that gold, real estate, foreign stocks, or literally any other inflation hedge exists, the MSTR maxi cult screams “FUD!!!” like you just mentioning other assets is a personal attack. It's not. I own bitcoin myself. Bitcoin is 16 years old. Gold has been a store of value for 5,000 years. Real estate has worked forever. Swiss francs, Japanese stocks, commodity funds all of them have protected wealth from dying fiat currencies without a single sat involved. Asking “why not just buy the BTC directly or an ETF instead of this convertible-debt circus?” isn’t “believing the strength of fiat” or cheerleading fiat, it’s literally the most basic due diligence question ever. Pretending that question = blindness is peak cult energy. Look beyond, or don't. Whatever. I'll keep taking a multi prong approach to protecting myself from fiat debasement. Thank you.

sker13559

I assume that people will figure it out. Do you know the answer to "why someone would buy MSTR instead of raw BTC or an ETF? There are entire threads repeating a negative narratives on every platform simultaneously. Do you wonder why? Every share holder that has held for any reasonable amount of time owns more BTC or Satoshis per share today. More BTC for the initial investment. That is called leverage. So yes people who dont understand need to stop spreading FUD they heard, and instead do some research for themselves. There is room to own all three. BTC, ETF, and MSTR. All for different reasons.

Ik-nul

Ich würde einem Bekannten von mir Trade Republik empfehlen. Er weiß schon jetzt, dass es keine cold Wallet möchte. Dazu noch ein paa ETF's. Als Vorteil sehe ich, dass die Steuer automatisch abgeführt wird. Ist das richtig? Was sagt ihr?

oak1337

3rd crypto ever, behind BTC and ETH, to get a spot ETF. Entire countries adopting (examples Australia and Georgia). Global Fortune 2000's building on it, which will be seen when CLARITY Act finally passes. I guess time will tell... While ETH and all it's L2's are still fumbling around with the Blockchain Trilemma trying to figure out how to scale, Hedera solved the Trilemma, donated it's entire codebase to Linux Foundation, and got launched into space on satellites for Post Quantum Security companies.

YogurtclosetTall2558

Most “top crypto” ETFs end up looking simpler on the surface than they actually are. The overfunded effect you’re seeing usually comes from premiums, liquidity gaps, or how the fund custodies the underlying assets. Crypto ETFs don’t behave like S&P index funds because the underlying market is fragmented and custody risk still exists. So the ETF price drifting above actual NAV isn’t unusual. If you want exposure without picking coins but still want something closer to the real assets, you’re usually better off holding a small basket yourself. BTC + ETH plus one or two infrastructure plays gives you more control and less hidden structure.

SpendHefty6066

So true. A part of me is hopeful that some of these people switching from fiat toilet paper to stablecoins will see the Bitcoin light. Just like I remain hopeful that some ETF buyers orange pill themselves and move to self custody. The numbers, however, don't appear to support this hope. The vast majority of people may never learn, or maybe mass adoption will just take a very very long time.

Numerous_Big_3680

Finally some reasonable crypto legislation that doesn't sound like it was written by people who think Bitcoin is still just for buying drugs online The public servant ETF thing is actually pretty smart - gives them exposure without having to figure out cold storage and all that mess

coinfeeds-bot

tldr; Peter Brandt, a renowned technical analyst, warns that Bitcoin's recent rally may be a retest of a 'broadening top' or megaphone pattern, signaling a potential downturn. He highlights a target range of $70,000 to $45,000, suggesting Bitcoin's failure to reach the upper price channel could lead to sharper declines. Institutional caution and weakening ETF flows, such as BlackRock's IBIT fund, are also limiting Bitcoin's upward momentum. Despite a brief recovery, resistance at $97,000 remains unbroken, and market sentiment shows cautious optimism. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

kharmak

And that is why there's ETF's jumping on crypto.

word-dragon

It’s not really about intermediaries - it’s about ownership. If you keep money in the bank, what you have is a line in the spreadsheet of what the bank thinks they owe you from their wad of money. The moneys not even there, because the bank is gambling with it to pay for their overhead and to satisfy the expectations of their stockholders. Your 401k is the owner of stocks - pieces of paper which say they agree to share their profits - if and when - with your 401k. Mortgages, car loans - all agreements to let you occupy a property or drive a car as long as you continue to make payments. People have lost an understanding of what it means to own things. Bitcoin exchanges and ETF’s - you’re another line in a spreadsheet. You can hold onto a gold bar, and you have complete control over the bitcoin you have the seed for. You OWN them. People have to relearn this. I got involved in bitcoin because I got tired of being part of someone else’s spreadsheet.

tacocat_-_racecar

Wonder if there is access to the BTC ETF through the 401k plan? If so that would be awesome. But I’d rather hold my own BTC

VariatCA

All good mate lol. Reporting for ETF's is rough to come by, and I wasn't sure if my source was just wrong or slightly inaccurate. I think yesterday was still a slightly positive day of inflows, though Blackrock's IBIT in particular was slightly negative. https://farside.co.uk/btc/ This usually updates at the end of each weekday, around 12:00am EST (05:00 GMT).

MinimalGravitas

> Is that data not 1-day delayed? They're updating that chart for December 5th *in the early morning* of December 5th, while ETF's are still conducting business throughout the day and prior to their end-of-day holdings report. Woops, yea I think you are right! Temporarily forgot that timezones are a thing...!

Cptn_BenjaminWillard

1. Laptop devoted ONLY to crypto, never visits any websites, period, other than the exchanges. You pull it out when you need to make a transaction. 2. Separate unique phone with device-based 2FA, no SMS 2FA. Doesn't even need a cell connection, just needs to act as a secure device. Locked away somewhere where it can't be destroyed in a floor or a house fire. 3. Unique emails for your crypto accounts, not tied to your real-life accounts in any way. 4. I'd also recommend encrypting a file with very detailed access notes and give the password (but NOT the file) to your lawyer if you have a will. If the lawyer is compromised, the password alone doesn't give access. But if something happens to you, any family will be able to get into your encrypted file to figure out how to recover assets, if you care about that. That's how easy it is to use crypto! If I had any crypto right now, I'd find it easier to just move it into an ETF tied to my banking. And that's unfortunate, because that goes against the whole point of debanking.

waitareyou4real

Simply because Blackrocks iBit is their highest earning ETF ever. And has only been active for just under 2years. The highest money maker will absorb all of their focus.

uncapchad

You can have a look at  Bitwise 10 Crypto Index Fund (ticker: BITW) is designed to track an index composed of the 10 most highly valued cryptocurrencies, with Bitcoin being the largest holding at 74.5% of the fund's weight, *rebalanced monthly* based on market capitalization and screened for certain risks, $1.249 billion AUM. Spot ETFs don't rebalance as they track the price in real-time. However, funds use different price tracking methods. iShares Bitcoin Trust (IBIT) and Bitwise Bitcoin ETF (BITB) use a price-tracking index, such as the CME CF Bitcoin Reference Rate. Fidelity Wise Origin Bitcoin Fund (FBTC), on the other hand, generates its own Bitcoin price estimate by spot-checking prices from six major cryptocurrency exchanges every 15 seconds However over time, spot ETFs deliver nearly identical performance, regardless of the tracking method but on a day-to-day basis you may see discrepancies. As to fund valuation not aligning with the current price, this can happen for a few reasons: *Supply and demand imbalance*s drive the market price of fund shares above the value of the Bitcoin they hold (a premium to NAV). In the past Grayscale GBTC for e.g. had a history of both NAV premiums and discounts because they have a fixed number of shares so they don't create and redeem daily. IBIT doesn't have a fixed number, they create/redeem daily so they can arbitrage... *Arbitrage* delays prevent immediate price alignment, especially in funds with limited creation/redemption mechanisms. Or... Investor *sentiment* leads to higher willingness to pay for convenience, tax efficiency, or institutional access.

rechtim

Franklin Templeton ETF with the ticker EZPZ

VariatCA

Is that data not 1-day delayed? They're updating that chart for December 5th *in the nearly morning* of December 5th, while ETF's are still conducting business throughout the day and prior to their end-of-day holdings report.

Ardeth-Bey

When institutions find a way to increase the supply of Bitcoin through ETF's and profit on every transaction through fees, how has Bitcoin absorbed the system? Just wondering how both those actions equal the absorption of the system into Bitcoin? I don't see it that way personally.

Ardeth-Bey

With ETF's & dilution of the asset, the latter I think. It's not being adopted' it's being absorbed into the fiat financial institutions.

lefix

Depends on how you define „this cycle“ because at the last halving, btc was at roughly 63k and now it is 76k. Sure if you go further back, if you take the last 5 years, you’ll find some high and low points where you could have made 8x. But none can time the market with such accuracy. I reckon the average person made 2-3x in that timeframe. Still outperforms an ETF quite a bit, but at a higher risk.

Kernkopper

From the bottom this cycle to the top is an x8. To get an x8 with ETF’s will take you 15x as long approximately so this statement is incorrect

elidevious

Short version: under Biden (Jan 2021–Jan 2025), crypto didn’t just get “more regulated”; it was treated as a problem to be contained. You saw: • Aggressive securities enforcement (Gensler SEC) • Banking pressure (“Operation Choke Point 2.0” narrative) • Harsh rhetoric from the White House’s own economists • Sanctions/AML actions hitting privacy tools • Stablecoins treated as potential systemic risk • Mining and energy use put in the climate crosshairs • Heavier tax reporting rules I’ll break it down by front of attack / scrutiny so you can see the full picture. ⸻ 1. Legislation & tax: expanding the surveillance net 2021 Infrastructure Investment and Jobs Act (IIJA) The big one: the infrastructure bill quietly rewrote parts of the tax code to rope in “digital assets.” Key pieces: • “Broker” definition massively expanded: 26 U.S.C. §6045 was amended so a “broker” includes any person responsible for “effectuating transfers of digital assets” for others. Industry lawyers immediately warned this could, on its face, include miners, validators, and hardware/software wallet providers.  • Mandatory 1099-B reporting for digital assets sold via “brokers,” including cost basis reporting.  • $10,000+ reporting (“digital assets = cash”): digital assets were added to existing rules that require businesses to report receipt of >$10k in “cash” to the IRS, with criminal penalties if you get it wrong.  Bottom line: this wasn’t banning crypto, but it did deliberately increase traceability and legal risk for anyone touching it, with definitions broad enough that the industry spent years fighting over how (or if) they can be applied without breaking the tech. ⸻ 2. White House strategy & rhetoric: “responsible development” and systemic risk Executive Order 14067 (March 2022) Biden’s EO 14067 – “Ensuring Responsible Development of Digital Assets” ordered basically the whole financial/tech apparatus (Treasury, Fed, SEC, CFTC, etc.) to treat crypto as a coordinated national policy issue. Priorities included: • Consumer & investor protection • Financial stability • Illicit finance • U.S. leadership (but within a tightly controlled framework)  This EO directly led to multiple critical reports and recommendations (FSOC, OSTP, Treasury, etc.). FSOC: “crypto can threaten financial stability” In October 2022, the Financial Stability Oversight Council (FSOC) released a report on “Digital Asset Financial Stability Risks and Regulation,” explicitly warning that: • Crypto-asset activities could pose risks to the stability of the U.S. financial system if they kept growing without stricter regulation. • It called out leverage, runs on stablecoins, and interconnectedness with TradFi. • It recommended closing regulatory gaps and empowering agencies (and Congress) to clamp down more.  Climate & energy: OSTP vs mining In September 2022, the White House Office of Science & Technology Policy (OSTP) dropped a report on “Climate and Energy Implications of Crypto-Assets.” • It highlighted that global crypto electricity use surged >60% from mid-2021 to early 2022 and raised concerns about rapid growth in demand.  • OSTP recommended considering performance standards or limits for mining, tracking emissions, and even restricting high-emission operations if needed to meet climate goals.  This gave political cover to anyone who wanted to push “Bitcoin mining is bad for the planet” as a regulatory justification. Economic Report of the President: open hostility The 2023 Economic Report of the President, prepared by the Council of Economic Advisers, devoted a full section to digital assets and was… not friendly: • It described crypto assets as highly volatile, prone to fraud, and largely failing as money or investment.  That’s not a technical rule, but it’s a clear statement of hostile stance from the President’s own economists. ⸻ 3. SEC under Gary Gensler: “regulation by enforcement” Scale of enforcement From April 2021 to December 2024, the SEC initiated 125 crypto-related enforcement actions, extracting over $6 billion in penalties — nearly 4× what the prior administration did.  That included: • Cases against exchanges (Binance, Coinbase, Kraken, Bittrex, etc.)  • Actions against lending / yield products (BlockFi, Gemini/Genesis Earn, etc.) • Token issuers and allegedly fraudulent schemes The SEC also had a record overall enforcement year in 2024, with 583 actions and $8.2B in remedies across markets, partly driven by crypto.  The Coinbase & Binance wars Two flagship examples: • SEC v. Binance (June 5, 2023) – 13 charges, including operating unregistered exchanges, broker-dealers and clearing agencies, plus allegations of commingling funds and deceptive practices.  • SEC v. Coinbase (June 6, 2023) – charged Coinbase with running an unregistered securities exchange, broker, and clearing agency, and with selling unregistered staking products.  The SEC’s theory was: most major tokens are securities, and nearly every major U.S. exchange is therefore illegal. When Coinbase formally petitioned the SEC in 2022 to write clear crypto rules, the SEC refused. A federal appeals court later called the SEC’s explanation “vacuous” and ordered it to justify its refusal more coherently — basically acknowledging that the agency had offered almost no real guidance while hitting the sector with lawsuits.  From the industry’s POV: that’s textbook “regulation by enforcement.” Bitcoin ETF: grudging yes The SEC did, in January 2024, approve multiple spot Bitcoin ETFs — but only after years of refusals and a court loss (Grayscale) that said the SEC’s reasoning was arbitrary.  So even the “win” came as a forced concession after extended resistance.

lefix

People are still chasing the gains of the 2010s, but imho Crypto is slowly approaching a point where investing in a World ETF will generate more gains with less risk.

VariatCA

Yeah it for sure has not been merely short pressure all the way down since October 6th. That would require something on the order of nearly $900 Billion in cash worth of shorts alone, not accounting for long-liquidations. There's definitely been a good deal of selling since then, along with something like (iirc) $5 Billion in ETF outflows, and $25 Billion in long-liquidations (Oct 10th did most of the handywork). Though since November 21st we've seen a modest reversal of ETF flow, and enough buying pressure to counteract the $31 Billion in net-short volume to still climb up +$9k since then. Shaky days like last Monday probably are delaying a return of confidence in ETF's (and retail in general), though on-chain/exchange data shows that it was an absolute *onslaught* of short pressure driving Monday's drop, with $6 Billion more shorts than longs in just that 1 day. The trend has been reversing these last two weeks while Stocks climbed back up, but short-pressure specifically is still intense and unrelenting.

bitfam

Yes it should be, but IBIT (IShares bitcoin trust ETF) does sell bitcoin to pay fees and expenses, and if the bitcoin they hold is lost or damaged, the losses are absorbed by the investors. It’s also not FDIC insured. Read the IBIT prospectus to know the full picture.

Truth_Teller3

SOL been slowly but surely stacking on the ETF’s

VariatCA

ETF inflows are in, with BTC at +54M inflows total, while Blackrock's Ibit shed -$32M. ETH's only daily ETF reporting was from Blackrock today apparently, an outflow of -$75M.

VariatCA

Trading-data for exchange buy/sell was even relatively flat today, while the markets had to absorb another net-short day of over $2 Billion on the 24h chart. This coupled with many tens of millions in long-liquidations below the 90k line. This hasn't been a capitulation or rejection below 93k nearly as much as it's been simply ramping suppression. There isn't a big differential between buying & selling demand, so short/long leverage action decides the flow, and shorts have been aggressive to the tune of +$31 Billion more in the last 14 days. Even ETF's are looking to be net-inflow today (though we'll know Blackrock's in an hour from now).

No_Knee3385

It's log, of course the more liquidity that comes into any asset, the smaller the gains will be. At some point Bitcoin will become like an ETF

Electrical-Cat-6660

This one more than the prior dips was merely composed of panic selling (more institutional)…just look at the amount of ETF outflows, BTC loan products and options trading products out there…billions wiped out in an instant.

VariatCA

Considering BoA's official stance prior to December for directives from their financial advisors being "Do NOT talk about or recommend cryptocurrency/ETF exposure", allowing them to discuss allocations with their clients is more than just a "they can but *will* they" game of semantics. Their clientele are obviously interested as financial-institution adoption and support has expanded through 2025, and BoA is evolving to retain clients that would seek business elsewhere if they didn't.

Dzerikas

Why not, if anything the ETF crowd is with the weak hands, they dont invest like us, also i dont think its crazy for the next bottom to be 2x than our last cycle bottom

DexterTwerp

I really don’t see us getting below the ETF launch price

OrcOgi

We went from discussing tech innovation and money to ETF in- and outflow. 2 comments 4 upvotes. This is a snoozefest.

GrumpyScroogy

ETF's are here / President is pro crypto / everybody knows about it / still no use case. The grift has reached the top. Simple as that. There is no more upside possible.

fan_of_hakiksexydays

Last time we had a big dip it was all "Record multi million ETF outflow...since previous dip". Then one week later it was "Record multi million ETF inflow...since previous rally".

diradder

> You did not google it yourself, you asked ChatGPT... Are you against using tools to research? Did the link to the sources and the literal quote not match what I said? What a weird and Luddite way to approach knowledge. > Banks didn't do crap. SEC has not done anything to allow banks to trade Crypto. They literally did, they offer ETFs and comply with the rules above. > The first Crypto ETFs were future-ETFs. Since the chicago merkantile exchange, which is responsible for Futures, already had TradFi Futures for Crypto, the SEC allowed these TradFi futures to be put in a ETF, just like any other futures. Cool story bro, who asked? ETF now that they aren't limited to futures are settled differently. > SPOT-ETFs being later allowed by the SEC also did not do anything for "Banks adopting crypto", it just allowed wallstreet firms to open up TradFi packages where Victims buy a TradFi product with Fiat, owning nothing but a TradFi project with fiat. "Nothing every changes, but yes there were changes". More coping. > None of what you stated was anything but advertisement. Don't point to google if you can't understand what the results you get tell you. Oh so it's actually "everything is a scam and ads by banks"... you really have nothing to contribute to this discussion.

harvested

It's cool you learned a new word.. But dead cat bounce doesn't usually consist of record ETF volume

liquid_at

You did not google it yourself, you asked ChatGPT... But again... how is the SEC in any way "the banks changing how they operate"? Banks didn't do crap. SEC has not done anything to allow banks to trade Crypto. The first Crypto ETFs were future-ETFs. Since the chicago merkantile exchange, which is responsible for Futures, already had TradFi Futures for Crypto, the SEC allowed these TradFi futures to be put in a ETF, just like any other futures. SPOT-ETFs being later allowed by the SEC also did not do anything for "Banks adopting crypto", it just allowed wallstreet firms to open up TradFi packages where Victims buy a TradFi product with Fiat, owning nothing but a TradFi project with fiat. None of what you stated was anything but advertisement. Don't point to google if you can't understand what the results you get tell you.

diradder

> Why won't you mention those structural changes then so we can debat them? > "I see some changes, but I won't talk about them. Just trust me bro that they exist" is not how arguments work. I said I don't "need" to debate these changes because you conceded they legislatively happened and that we now have ETFs for Bitcoin... but if you're not smart enough to google them yourself here's one of the first hits summarizing them: > The SEC guidance establishes several critical disclosure requirements that could significantly impact the crypto ETF approval process: > > * Trust structure and assets: Issuers must provide detailed information about underlying crypto assets, including their associated networks, consensus mechanisms, supply characteristics, and any events that might affect supply, like halving events or protocol modifications. > * Custody and security: The guidance requires extensive disclosure about private key storage policies, including whether assets are held in cold, warm, or hot storage, and whether crypto assets are commingled with other customers’ holdings. > * Service providers and fees: Companies must identify authorized participants (APs), describe counterparty arrangements, and detail all fee structures, including how sponsor fees are calculated and which expenses are covered. > * Risk factors: The SEC emphasizes the need for comprehensive risk disclosure covering price volatility, cybersecurity threats, network attacks, fraud risks, and competition from other products. > [Source](https://blockchaintechnology-news.com/news/sec-crypto-etf-approval-process-guidance/) These guidelines are followed by financial institutions which provide ETFs currently, if they weren't the SEC would sue them, and fine them. So the existence of said EFTs demonstrate that they changed their structure to follow these rules. > For the record, I do not think ETFs are a good way to invest in anything whatsoever. Good for you, passive funds like ETFs now hold 43% of global fund assets (up from 23% a decade ago), surpassing active/managed funds in the US (53%) and dominating inflows worldwide... so that's what fuels most of the retirement in the US, but since you say it's not a good way to invest I guess you should notify the ever growing share of people using them, Gordon Gecko. > But unlike managed funds, the ETFs have no reason to make sure the retail investor that bought them profits. They only care about the fees they make. This is demonstrably false [and has been researched before](https://mi-dnu.dp.ua/index.php/MI/article/view/107), go read and stop relying on your "feelings" about the banks. Since you don't seem to like to do your own research I'll quote the conclusion of that one for you: > 1. Actively managed funds do not beat their indexes, on > average, net of fees. > 2. Actively managed funds performed worse, on average, over > longer periods, than low cost index funds. > 3. Higher fees on average do not result in better actively > managed fund performance. In fact, it is just the opposite > as low cost actively managed funds performed better net > of fees than high cost actively managed funds. > 4. Low cost index funds are the recommended choice among > Canadian equity mutual fund investors as they provide a > more secure long term return than active funds and have > low capital and contribution requirements for > investment. Before you nitpick it, there are more research like this, and pretty much none for your position, I suggest you Google it... unless you want to move to "all researchers are scammers bought by the banks" of course 🤣 > Are you aware of any ETF that is not an index-fund or otherwise trading on fixed written down rules that a monkey could follow? 100% of all managed funds where actual traders make sure the investors profit are for billionaires only. If you have less than 500m to invest, they won't even take your call. Again, Google is your friend... Schwab offers managed funds [with $100,000 as the minimum](https://www.schwab.com/managed-accounts). [Fidelity offers one with a $50,000 minimum](https://www.fidelity.com/managed-accounts/separately-managed-accounts/overview)... Last time I've checked $50,000 and $100,000 were smaller than $1,000,000,000 .... but maybe all of math is a scam too. But also, as pointed above, this is not a more reliable way to earn on your assets, it generally underperforms ETFs, go read the research about it, and stop making unsubstantiated claims/conspiracy theories.

Amber_Sam

Please, don't go all in. You're clearly not ready for such thing. Read/bookmark this guide and make sure to learn along your journey. 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 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. 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 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/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. 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. 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. 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, 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 or r/Bitcoin and look for the answers.

liquid_at

It's about an ETF. They are just announcing what they are doing, so the other traders can take money from anyone who was stupid enough to invest in a crypto etf.

liquid_at

Why won't you mention those structural changes then so we can debat them? "I see some changes, but I won't talk about them. Just trust me bro that they exist" is not how arguments work. But given that you learned Finance from memorizing the advertisements, there is no point in arguing with you. You can't tell me anything that the advertisements haven't already tried to convince me of. For the record, I do not think ETFs are a good way to invest in anything whatsoever. If you just buy the stocks directly, you will always have better returns. ETFs are just for people who want to give other people money so they do not have to think about investing at all. But unlike managed funds, the ETFs have no reason to make sure the retail investor that bought them profits. They only care about the fees they make. Are you aware of any ETF that is not an index-fund or otherwise trading on fixed written down rules that a monkey could follow? 100% of all managed funds where actual traders make sure the investors profit are for billionaires only. If you have less than 500m to invest, they won't even take your call.

coinfeeds-bot

tldr; BlackRock, the world's largest asset manager, transferred $120 million in Bitcoin and $2.5 million in Ethereum to Coinbase Prime. These transactions are part of ongoing institutional portfolio adjustments involving cryptocurrency holdings. BlackRock operates spot Bitcoin and Ethereum ETFs, requiring regular portfolio adjustments. Recently, its Bitcoin ETF experienced $113 million in net outflows, while its Ethereum ETF saw $28 million in inflows. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

diradder

This is so funny, but really, I don't need to debate the merits of legitimate financial tools like ETFs to prove that there were changes in the structure of these financial institutions for them to start accepting/using Bitcoin... what are you on about? All of this because you initially refused to acknowledge such positive changes were happening (that Bitcoin is now more broadly seen as a legitimate endeavor)... but now that I pushed you to admit these changes are real, you move to some *everything is rigged and a scam* conspiracy. I've asked you jokingly for Crime ETFs because there are none, that's not what banks do, so yes a Bitcoin ETF does mean positive changes in terms of image/legitimity in the eyes of the general public and yes it implied legislative and structural changes for this to happen. For the record, I think ETF are not a great way to use Bitcoin, I much prefer self-custoying but the world isn't just black and white, a spectrum of ways to use Bitcoin exist for all kinds of people/companies that have to deal with the financial rules/laws we were just talking about.

liquid_at

What structural change? Banks were required to KYC and prevent money laundry before and only got into crypto after the FBI assured them that it could be monitored and how they wouldn't get any issues because of it. The only change was that the FBI learned how to audit blockchains. And if you want a list of scam ETFS, look at a list of ETFs. The whole system in itself is a scam. They abuse the fear of investors who do not understand the market to accumulate large quantities of stocks that can easily be lent out, while the ETF itself can be shorted to dump the underlying assets. If you think that an etf that follows a public index that you could follow yourself, taking fees to press the buy button for you, while lending out your shares behind your back is a good investment, go for it. I don't think it is a good investment. I think it is a scam.

foo-bar-nlogn-100

Its in an ETF.

tornavec

The only way Bitcoin touches $100K is with a Fed rate cut, and even that spike would be brief. Meanwhile, 5 straight days of BTC ETF outflows has me worried — are we seeing a rat exodus?

DowntownNobody8

Gold ETF is tokenized gold…

KlearCat

> Yes. That's wild. You think "Fink is actively promoting a product that he thinks will crash in the future." And what do you think they'll do after? Would they just shut down their business? That's their end game? Screw over their largest customers knowingly and then close up shop? This is one crazy conspiracy theory with the largest asset manager in the world. > Unless you want to argue that all of Blackrock's funds are great long term investments. I'm not arguing that at all. But they are clearly promoting the bitcoin ETF as a flight to quality starting at the top with the CEO. That's very different than some niche derivative ETF.

KlearCat

> would Blackrock's CEO be promoting a product like this thinking it will crash in the future? > Yes. Yes he would, when under immediate pressure to not be literally the worst performer in the S&P. I don't see the connection here. Read what I wrote again. I don't get what you think I'm asking. I'm asking do you think Fink is actively promoting a product that he thinks will crash in the future just so he can collect fees temporarily until it crashes. It has nothing to do with his share price. Literally nothing. Regardless.... Considering the bitcoin ETF is one of Blackrock's most profitable products, I highly doubt they would drop that first if they were in trouble financially. And yet you are referencing an article about temporary price movement post-earnings from 5 months ago? Seriously? What's the point that is old news and post-earning swings are common place in equities markets.

purritolover69

those are both ETF’s and not BTC. You are literally agreeing with them, that because you cannot hold BTC in a retirement account, you instead hold ETF’s

Substantial-Sea3046

"paper bitcoin" (aka ETF, derivatives, fake bitcoin) are made to extract retail money...

retro_grave

Emergency fund > Debt > tax advantaged investment opportunities (possibly with BTC ETF) > after-tax investments.

HomelessInASuit

None of this was speculation. You can literally see it on the charts and in the way volume, and shorts were being piled. They fired every single bullet in the chamber to fake the push to 127k. Once they couldn’t sustain the run up, and our orange leaders horrific tariffs, and crypto fraud schemes revealed there was actually nothing real behind the push. It has fallen ever since and looking for a true support. Then you had MSTR mNAV almost dropping below 1 and a market that’s literally too afraid to report its own data. This is just GME all over again. When in doubt they’ll repo it out. BTC was about to abridge all the way back to supports at 73k until the shorts got greedy. (Go ahead check the forex Data) CZ, Armstrong, and the exchanges do what they always do. Spark a fake liquidity drive, run a story (This way Vanguard ETF funding, bullshit it’s been around for years) spike insane volume candles out of thin air and pump another run clearing the shorts and providing short term stability. You’re actually clueless if you think any of this is speculative. Writing was everywhere.

KlearCat

You asked a question that is easily answerable. > But are you sure that they can't do that with the ETFs or similar? > they're potentially getting in without directly holding BTC on the balance sheet. Not only that but now you are making claims such as ETF providers not actually owning the underlying bitcoin. Again, this is answerable. Not sure why you are asking questions and not even wanting to know the answer.

satoshisfeverdream

Same run gold saw post ETF.

KlearCat

> ETFs are just IOU's for bitcoins - of course they can play fractional reserve games on those again. > > You can look up the documents yourself and see exactly the ETF providers are required to hold bitcoin bought in the ETFs.

KlearCat

> But are you sure that they can't do that with the ETFs or similar? > > You can look up the ETF guidelines and see for yourself. Do you worry that when you buy an ETF like VOO or SPY that the ETF provider is not actually holding the assets they claim?

seltzershark

4yr cycle is over. ETF forever

KlearCat

> If someone or a large organization was actually confident (i.e. "inside industry knowledge") that something like Bitcoin was going to materially increase in price, why on Earth would they tell the public to buy? Because Blackrock isn't buying themselves, they are selling the ETF product. The real question you should be asking is would Blackrock's CEO be promoting a product like this thinking it will crash in the future? Would Blackrock put it's reputation on the line knowing their customers were going to get screwed? Or is it more likely that Blackrock sees a future with bitcoin. > The fact we're seeing so much of this fake "adoption" It's not fake, it's real. And there is now proof as you can track the ETFs. Fastest growing ETFs ever. Months were a single bitcoin ETF accounted for 10% of all inflows of all ETFs. Largest asset manager is the world's most profitable ETF? Bitcoin. This isn't fake. This is real. > should tell you that the inverse is about to happen. So what's your move then?

BacchusAndHamsa

the average expense ratio of all Blackrock ETF is 0.3% the house always wins

Clean_Difficulty_225

If someone or a large organization was actually confident (i.e. "inside industry knowledge") that something like Bitcoin was going to materially increase in price, why on Earth would they tell the public to buy? The fact we're seeing so much of this fake "adoption" news/FOMO being stoked/etc. (the latest round is now the ETF BS, the BoA 4% allocation BS, etc.) should tell you that the inverse is about to happen, And we've already seen it begin.

Moistinterviewer

People are very easily spooked and the ETF buyers are just as bad as us, if not worse.

Amber_Sam

Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. 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 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. 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 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/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. 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. 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. 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, 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 or r/Bitcoin and look for the answers.

Amber_Sam

Others already answered your question, adding a guide just in case. Read/bookmark it and make sure to learn along your journey. 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 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. 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 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/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. 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. 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. 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, 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 or r/Bitcoin and look for the answers.

h4l

They can, that's how ETFs charge fees, by gradually reducing the amount of the underlying asset each unit of the ETF represents.

A-Stock-A-Day

Calm before the pump. BTC coiling at 93k, ETH flexing on ETF inflows, Fear/Greed at 26 screaming oversold. Jobless claims tomorrow = rocket fuel if soft. I’m just buying small, staking on Nexo for 8-12% while I wait. Sideways is accumulation season. Dec historically rips.

Jimagon

Bitcoin ETF

HSuke

Liquidity was low for bank reserves. The rest of your comment and OP's title is just pure speculation. Show me a legit source. Your argument is basically: "A happened, B might have happened, so A must've caused B." OP's was talking about a $13.5 Billion repo repurchase, followed by a $1.28 Million purchase of Volatility Shares Solana ETF. That's 4 orders of magnitude apart. Besides, it still isn't a satisfying explaination because what we really want to know is: * Why was there low reserves * Why did people choose to buy now It could be related to JPMChase and Vanguard changes, but I'd like to see proof instead of speculation.

ElRiesgoSiempre_Vive

> Why should they buy their own product to sell to retail investors? They don't buy their own product... they manage the ETF and sell shares to investors. Whenever you buy a share of IBIT, they increase their bitcoin holdings by however much you purchased. The moment you sell your shares, they sell bitcoin. That's how all bitcoin ETFs work.

trillionSdollarstech

ETF flows of yesterday: * BTC: –$15M * ETH: **+**$140M * SOL: –$33M

AutoModerator

Post is by: Then_Helicopter4243 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pe2h21/bitcoin_looks_increasingly_like_it_did_in_2022/ Over the past few weeks, i have been noticing how Bitcoin’s current behavior feels eerily similar to what we saw back in 2022. The sideways chop, sudden liquidity squeezes, and sharp sentiment swings all carry the same rhythm. Back then, BTC would look strong on the surface, but underneath the hood, exchange reserves were shifting, leverage was unwinding, and retail confidence was fragile. Fast forward to now, and the parallels are hard to ignore. Derivatives positioning looks stretched, open interest is elevated, and retail participation seems thinner compared to institutional flows. Macro uncertainty, from rate cuts speculation to global risk sentiment, is also weighing heavily, just like it did during that cycle. For traders who lived through 2022, this is a reminder that caution and risk management matter more than chasing every green candle. Another similarity is how narratives can flip quickly. In 2022, optimism around adoption and institutional inflows was often overshadowed by sudden liquidations or regulatory headlines. Today, we are seeing the same tug of war, bullish catalysts like ETF demand and self custody trends are clashing with short term volatility and market fatigue. Its a tricky environment where patience and discipline become the real edge. Personally, i am trying to balance exposure with defensive plays rather than going all in on momentum. To stay safe, i am participating on Onchain Mystery Box Phase 3 that is live on CEXes like Bitget and others. For me, it’s less about chasing hype and more about diversifying strategies while the market feels unstable. Do you see the same parallels with 2022, or do you think this cycle is fundamentally different given the ETF inflows and broader institutional adoption? *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.*

SeriousGains

This time is different^TM Remember 2018 - Bitcoin ETF’s, Institutional money is here Remember 2022 - Tesla accepts BTC, Bitcoin treasuries, Nations accumulating

-_VoidVoyager_-

So Bitcoin has a finite supply by is now part of an ETF??? Need a new Bitcoin

Aggravating_King1473

Jokes aside...80% globally diversified equity ETF, 20% BTC I used to be 5% BTC about 6 years ago and have increased my position, and BTC gains have helped.

coinfeeds-bot

tldr; BlackRock CEO Larry Fink has softened his stance on cryptocurrencies, acknowledging his evolving perspective during the New York Times DealBook conference. BlackRock's iShares Bitcoin Trust ETF has become the largest US-listed bitcoin ETF, amassing over $70 billion in assets and becoming the firm's most profitable product. Fink highlighted tokenization as a transformative opportunity for finance, while emphasizing the need for regulatory clarity through the Clarity Act to further develop crypto market structures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ProjectStrange3331

Nope. Empty nonsensical words. If you are a true believer in bitcoin and understand why it exists, selling your etf for fiat worthless cash to buy actual bitcoin will not go as your mind envisions. ETF owners are simply investors and traders. They own no bitcoin and will never realize the befits of bitcoin when it’s actually needed. If you don’t believe in the reason for bitcoin and what it will hopefully become, then buy ibit or strategy or whatever. But it just isn’t owning bitcoin when owning bitcoin actually matters.

jawni

Looks like we got a Solana Derangement Syndrome sufferer here. yeah I'm sure **bitcoin**.com is running Solana propaganda... Solana ETFs have been doing great, it's been reported literally everywhere, it was a 20+ day streak of only inflows. Not sure why'd you think anyone covering something like that would be propaganda, especially from this specific source. [Solana ETF Inflow Streak Ends at 21 Days With $8.1M Outflow as Bitcoin and Ethereum Funds Rebound](https://yellow.com/news/solana-etf-inflow-streak-ends-at-21-days-with-dollar81m-outflow-as-bitcoin-and-ethereum-funds-rebound) [US spot Solana ETFs report 10th consecutive day of net inflows](https://www.theblock.co/post/378309/spot-solana-etfs-tenth-consecutive-inflows) ["The latest figures extend Solana’s streak of 20 consecutive days of positive inflows, marking one of the most resilient ETF runs seen in the digital asset market this year."](https://finance.yahoo.com/news/solana-etf-inflows-hit-record-001807172.html) [Solana ETFs Defy Market Crash: 19 Straight Days of Inflows](https://www.aol.com/articles/solana-etfs-defy-market-crash-203544317.html) [Solana ETFs Record First Net Outflows as SOL Price Recovers to $140](https://coincentral.com/solana-etfs-record-first-net-outflows-as-sol-price-recovers-to-140/)

Teqtoke

Assuming nothing goes wrong with the companies that were trusted to hold this for you. Or nothing goes wrong with the banking system, or the stock broker you use. If you wanted to hold some gold, just in case things hit the fan, would you rather keep a gold coin/bar or some kind of paper/ IOU, like an ETF. Not your keys, not your cheese.

lord_of_cryptos

Lot of people think 4-year cycle is broken because institutionals have come in the loop. Though people don't understand that most of these interact through ETF (not directly effective blockchain) which has a very small effect on the actual value. Furthermore institutionals have OTC access which also limit the impact on prices. So no, 4-year cycle is not broken as long as institutionals invest like in traditional finance.

Then-Veterinarian-41

Here's what btc being adopted by the financial markets means (warning: AI slop) With the approval and explosive growth of spot Bitcoin ETFs in 2024–2025, Bitcoin has effectively become a “stock-like” asset in the eyes of traditional finance. This integration into regulated equity markets has quietly opened the door to the same abusive short-selling tactics that have plagued equities for decades—most notably, naked shorting. Here’s how it works now: Rehypothecation of ETF shares and underlying Bitcoin Authorized Participants (APs) such as Jane Street, Flow Traders, or large banks can create new ETF shares by delivering Bitcoin (or cash that is immediately used to buy Bitcoin) to the issuer (BlackRock, Fidelity, etc.). Once created, those ETF shares enter the broader securities lending ecosystem. Prime brokers borrow these ETF shares, lend them out, and the borrowers can sell them short. Failure-to-deliver loops become invisible In traditional equities, naked shorting is technically limited by Reg SHO and the requirement to locate borrowable shares. But because Bitcoin ETFs settle T+1 (and sometimes effectively T+0 via creation/redemption in-kind), failures-to-deliver (FTDs) in the ETF shares can be masked almost indefinitely through the creation/redemption mechanism. An AP can “create” new shares to cover a short position without ever forcing the short seller to buy Bitcoin on the open market, creating what is effectively a synthetic long that dilutes the real supply. Custodian-level rehypothecation The actual Bitcoin held by the ETF custodians (Coinbase Custody for most major funds) can itself be rehypothecated in ways that are opaque to investors. Coinbase and other custodians offer prime brokerage and lending services. A custodian can lend out the same Bitcoin collateral multiple times across different silos (ETF holdings, margin lending, derivatives collateral, etc.), creating fractional-reserve exposure far in excess of actual coins held. Paper Bitcoin via derivatives layering Large institutions can now sell short the ETF while simultaneously selling futures, options, or structured products that reference the ETF. Because the CFTC and SEC have jurisdiction over different pieces, no single regulator sees the full net short interest. The CME Bitcoin futures market already routinely trades 5–10× the real deliverable supply; layering ETF short interest on top amplifies this further. No meaningful buy-in requirement Unlike physical gold ETFs (which eventually face delivery pressure when shorts get too large), Bitcoin has no industrial demand floor and no central bank reserve requirement. Shorts can remain open for years as long as the creation/redemption arbitrage keeps the ETF price tracking the Bitcoin index price. The only thing that forces covering is a sustained, sharp price increase that makes the borrow cost (already 1–5% annualized via securities lending) prohibitive—or a run on redemptions that custodians can’t meet with real coins. In essence, the arrival of spot Bitcoin ETFs has transformed Bitcoin from a purely bearer asset with a strictly capped 21 million supply into something that behaves, in the regulated financial system, like any other heavily rehypothecated security. The “stock” (the ETF share) can now be naked shorted in unlimited quantity as long as the creation/redemption machinery keeps turning and custodians are willing to accept ever-increasing counterparty risk on their balance sheets. The hard 21 million coin limit still exists on-chain, but in the paper markets that now dominate price discovery, Bitcoin has become dilutable—just like the U.S. dollar after 1971. The only difference is that the dilution happens through Wall Street’s traditional tools (ETF share creation, securities lending, and custodian rehypothecation) rather than a central bank printing press.

Romanizer

They have their own income fund that bought their ETF: https://www.coindesk.com/markets/2025/11/28/blackrock-s-own-income-fund-boosts-bitcoin-etf-holdings-14 Why should they buy their own product to sell to retail investors? Also, the share of retail investors is significantly decreasing. The share of US-based investors with AUM >$100m increased from 20% last year to 30-40% right now (numbers still pending).

MathematicianFar6725

They are selling spades in a gold rush, that's all. If the fools are rushing in, they'll happily sell you all an ETF/spade

ElRiesgoSiempre_Vive

I've seen nothing that validates this statement. At all. Their ETF is bought by retail investors. That's the entire model of an ETF by definition. Where are you getting this from.

Cryptognito

I’d also say 98% of financial advisors offering bitcoin ETF don’t have a single clue how a blockchain actually works

Romanizer

They are buying their own ETF holding over $600m of that now.

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Post is by: Gullible-Tale9114 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pdp9wf/bitcoin_just_got_completely_absorbed_by/ Between November 24 and December 2nd we saw three massive moves. JPMorgan filed to launch leveraged products tied to BlackRock's Bitcoin ETF. Nasdaq proposed to quadruple the limits on Bitcoin ETF options from 250,000 to 1 million contracts. Then Vanguard, who always said no to crypto, suddenly reversed course and opened Bitcoin and other crypto ETFs to their \~50 million clients on a platform that oversees around $11 trillion. This is wild because Vanguard's leadership was publicly against Bitcoin ETFs just last year. Now they’re effectively offering access to spot Bitcoin exposure to tens of millions of investors. Bank of America is letting 15,000 financial advisors recommend Bitcoin starting January 2026 with allocations between 1 to 4 percent of portfolios. What makes this interesting is the timing. This all happened while retail investors were panic selling and getting rekt. Institutions basically waited for retail to capitulate then swooped in with their infrastructure fully built out. Sovereign wealth funds like Abu Dhabi Investment Council increased their Bitcoin positions as regular people were exiting. But here’s the catch – while institutions are embracing Bitcoin through ETFs and derivatives, index providers like MSCI are simultaneously trying to exclude companies like Strategy that buy Bitcoin directly for their treasuries. MSCI proposed removing these companies from major indices, which would force them out of a lot of passive funds. So Bitcoin is getting institutionalized but mainly through fee-generating products that banks and asset managers control. The original model of companies holding Bitcoin directly on balance sheets is facing obstacles, while ETF models that generate recurring revenue for financial firms are getting pushed hard. Bitcoin was supposed to work around the traditional system but now it’s basically being absorbed into it. Thoughts on this shift? *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.*

ElRiesgoSiempre_Vive

Uhhhh... what? Per Coinbase: > BlackRock's iShares Bitcoin Trust (IBIT) is a spot bitcoin ETF that was approved by the U.S. Securities and Exchange Commission (SEC) on January 11, 2024.

VariatCA

Nikkei-225 steadily climbing back up, U.S. stock indexes are just a couple percent from their highs, CME Group has the Fed Rate Cut odds for a cut next Wednesday inching up a few more notches to 89%. Meanwhile, Crypto is entering its third week since the November lows, with BTC up 16% and ETH trying to breach 3200 to be +21% from there. Bitcoin is flirting with being YTD-green, and this is slowly but steadily enticing ETF shoppers to more confidently return to their investments.

__Haplo___

ETF inflows haven’t started yet. That upward pressure won’t hit till later. Outflows look to have stopped though. Boomers must be done selling low.

coinfeeds-bot

tldr; BlackRock's iShares Bitcoin ETF suite has become the firm's most profitable product line, driven by the launch of its US spot Bitcoin ETF (IBIT) in January 2024 and subsequent global expansions, including Australia and Brazil. IBIT quickly amassed $70 billion in assets and generated $245 million in annual fees by October 2024. With allocations nearing $100 billion, BlackRock now holds over 3% of all Bitcoin in circulation. The ETFs are popular for their accessibility, liquidity, and use as portfolio diversifiers despite Bitcoin's volatility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.