ETF

hootmill

Someone make an ETF already

rocket_beer

It’s the ETF, no actual bitcoin was purchased But I like that they are dipping their toes

Visual_Building_1666

LOTS of excellent advice in your post...WOW. I would only add that investing in a spot BTC ETF is preferable to some, and there is nothing wrong with that. Let Merrill Lynch or Fidelity or whatever investment brokerage one uses deal with safely holding the BTC...also great for Roth IRA accounts.

Mammoth-Morning-8899

There isn't an ETF on this? :D

Amber_Sam

>I just don’t want to miss the boat. Then stop timing the market, mate. 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.

RetiredAvocado

Says ETF shares in URL

Happy-For-No-Reason

MSTR was simply a BTC ETF before ETFs were legal

LostNtranslation_

You want to pay down your credit card debt. Then save 1-5 dollars a day or 30-150 dollars a month and purchase bitcoin or divide it between bitcoin and an ETF in your 401K such as voo. Once a year sell the one that is high and buy more of the one that is low.

steelchairframe

That is because Blackrocks product is labelled as a SPOT-ETF. This means that it is the same price as BTC and has an underlying asset attached to the product. People are sometimes confused with understanding Blackrocks spot WTF and futures products in which the product is a contract price at a given point in time for the given asset but does not need to have the underlying asset. Futures are used as finance instruments for speculation but have very real implications for businesses as they can lock in a product like oil and know what their costings will be for the future of the contract. Food for thought in why people post this garbage I guess.

KlearCat

Who is adopting bitcoin? The bitcoin ETFs are the fastest growing ETFs of all time. For months 10% of ALL inflows across all ETFs of the entire US stock market was 1 single ETF…….IBIT. The largest asset manager in the entire world’s most profitable ETF? Their Bitcoin ETF. And you ask where’s the adoption? It’s staring you right in the face. It just doesn’t look like you thought it would.

VariatCA

The hesitation in hopping back in is basically where the comparison stops lol. The "Retail" trading Ibit (Blackrock btc ETF) shares still bought $1.671 Billion today compared to $1.629 Billion sold for the net change of +$42M of inflows. The bears asking that seem to believe that all of "Retail" are just broke young-adults who put their last dime into a memecoin at the top.

VariatCA

Another day of positive ETF inflows, though the net change of +$21M was smaller than I thought it would be, considering BTC's price gain today. Though several of the ETF's are reporting "0.0" for daily change. Blackrock ended up +42M, which considering Ibit did 3.3 Billion in total price-volume in trading today, shows it's still a close race for their clients. Though perhaps their outflows are running out of steam after having sold $1.8 Billion worth of Ibit since November 12th. I guess ETF's really are "Retail" after all; institutions have bought the dip from Nov 20th while ETF's are slower to pivot. Since they did over -$900M in outflows on the 20th, Bitcoin has increased around +13% from the bottom, and ETF's have only purchased $227M since November 21st (last Friday).

themrgq

Lol yes they absolutely will. It's not a deal cut between blackrock and anyone. Blackrock runs a spot ETF which requires them to hold the assets outstanding

purritolover69

All of that works out to details when compared to buy pressure vs sell pressure. Also, a weaker dollar isn’t necessarily good for BTC. If the dollar loses enough value, people divest to make ends meet. People move to more traditional markets fearing the perceived ephemeral nature of cryptocurrency. All of this translates to a bear market. Maybe not now, maybe not tomorrow, maybe not even until early next year, but it will come. BTC must fall eventually so that it can rise, we’ve seen it time and time again. The longer the whales keep Weekend at Bernie’s-ing the price, the harder that fall will be. The ETF’s know this, and like you say a lot of them can’t handle a dip to 70k, so it’s in their interest to let it fall easy now instead of hard later.

adiabatic_storm

What's the ETF ticker?

vb90

Before you blow your hard earned cash on the hopes that the market will rip into Christmas think of how the landscape has changed: It's proven that almost 60% of retail holders are now under water. Most of the activity in the last 10 months has been exchanges dumping on retail via liquidations and some big funds swinging ETF holdings back and forth. Some long term holders have gradually trimmed down around 100K. What will happen come mid-December when big firms liquidate the stuff that you can sell fast? Omega trap.

purritolover69

Dips not over. ETF buying pressure caused a spike, eventually reaching 90k. This triggered a lot of limit orders, pushing the price higher still. Now, it’s tapering off, and some people are going to take their bags. Once a sell off happens, we get back into the 85-87k resting range (maybe not exactly here, there’s good odds the rest zone changes by +/- 5%), and weak hands that just filled their limit order panic sell, knocking all the wind out of the sails and tumbling the price lower still. The only way this up swing continues is if whales and ETF’s see it as a buy indicator, but the market seems to be viewing it as described above, resulting in an overall neutral-negative sentiment.

purritolover69

crazy to see someone who actually understands the technicals here and doesn’t just say “DCA!! DIAMOND HANDS!! FIAT!” to hide the fact they don’t understand a damn thing about the security they invested in 😂 the smart retail traders understand that it’s not breaching 90k soon and even if that does happen it will be pure buying pressure from an ETF like blackrock, and it will soon tumble back down to its current resting place. Lower, actually, since weak hands will create increased selling pressure after the buy surge wears off, just like we saw when it hit 80k the other day

C_WEST_902

I think ever since ETF’s and institutions got involved, regardless of a bull/bear market we can still have huge swings in 2026 and onwards. Just look at the previous market cycles and then look at the past year or so since institutions and more retail got involved, large highs and lows throughout the year(s) compared just a bull market then bear with no volatility until the next bull market how the previous bull/bear runs have been. Does anyone agree with this? Hopefully it makes sense lol

VariatCA

For perspective, Blackrock's Bitcoin ETF went live January 11th, 2024, when the price was still around $43,000. Less than 2 months later in early March it was $69,000. People thinking it's going to drop down to 40k are *dreaming* lmao

markprice211

All it’s going to take is the newly involved large financial institutions anticipating the now self-fulfilling prophecy halving cycle to completely shatter retail expectation and hit us when we’re least expecting it. Everyone starts dumping their bags expecting a mid-2026 ATL based on past history, only for BlackRock to come along and pump $300B into it the ETF in Q1 2026. Retailers panic realizing the cycle has changed so they FOMO in, driving the price even higher for the financial giants.

donjoe0

I'm watching mainly a semiconductors ETF (SEC0) for what the "market" is doing, and it's not recovering confidently yet, just broke the downtrend today but without making a higher high vs. last week. Could switch to crabbing rather than climbing, at least for December. (Not that that's not enough give smaller assets a short episode of overconfidence while it's at it.)

MaximumStudent1839

ROFL! ZEC shillers were all over the place about how ETH and BTC were corrupted because they have an ETF and got "took" over by the "institutions", and lost their "cypherpunk ways". I called out their BS and said Grayscale would 100% convert their ZEC trust into an ETF when momentum starts to fade, and they need to keep the hype going. They just downvoted me and ignored what I said. LOL!

febio1

Wrong. Texas did not buy BTC. They bought ETF, means they bought papers. Please inform yourself before. Thanks

themrgq

Blackrock is required to hold the Bitcoin held by their ETF customers. Learn what a spot ETF is bro

jawni

>Reports have disclosed that officials chose the ETF route as a temporary measure while the state puts custody plans in place.

jawni

You guys should try actually reading the article(or even just the automated tldr)... >Reports have disclosed that officials chose the ETF route as a temporary measure while the state puts custody plans in place.

jawni

> The state plans to transition from ETF shares to direct custody of Bitcoin once custody systems are established. This move is seen as a hedge and diversification strategy, potentially influencing other states to consider similar investments.

Notrustjustverify

Texas bought $5M in IBIT ETF and plans to self custody another $5m for their strategic reserve. https://finance.yahoo.com/news/texas-buys-5m-bitcoin-etf-061248580.html

Comfortable_Wall8127

Nasdaq seeks SEC approval to boost Bitcoin ETF options limits

kirtash93

MOON ETF coming soon xD

themrgq

Blackrock will acquire BTC to fulfill their obligations of running the ETF

coingun

ETF inflows is where you want to check

VariatCA

Every day that the stock market steadily recovers as we approach December, with another rate-cut and the end of Quantitative Tightening both looming, will see another wall of shorts fall over. Especially if ETF's begin returning en-masse. Inflows have been outpacing outflows this week, and even Blackrock posted a day of net-buying for Tuesday. $3 billion in ETF outflows from November that would match all the selling-pressure from shorts this week alone.

Initial-Good4678

If they bought Bitcoin, then where is the wallet and who holds it? FYI, buying an ETF is not the same as “buying” Bitcoin.

Raccoon_Expert_69

And it’s already once removed from bitcoin since it is an ETF. Which makes it even stupider.

Raccoon_Expert_69

10 million of ETF with what’s coming up doesn’t look too good in the short term

VariatCA

I'm sure we'll find out after it's long over and we're well on our way back to recovery. There's definitely been a systematic selling into the market almost precisely at the opening bell for weeks now though, regardless of how stocks are doing that day. Even if we dismissed it as "that's when ETF's conduct their day's backlog of requests", it happens on days of positive-inflow too.

Bigdyll13

They did not buy Bitcoin. They bought a Bitcoin ETF. They're just trying to ride the train, they bought no coins. Can we please stop reposting this? It's misleading.

Bigdyll13

Didn't they invest in a Bitcoin ETF and not actually buy the Bitcoin?

coinfeeds-bot

tldr; Texas has invested $5 million in Bitcoin through the BlackRock iShares Bitcoin Trust (IBIT), marking the first state-level public fund allocation to Bitcoin. This purchase, made on November 20, 2025, is part of a $10 million Strategic Bitcoin Reserve authorized by Senate Bill 21. The state plans to transition from ETF shares to direct custody of Bitcoin once custody systems are established. This move is seen as a hedge and diversification strategy, potentially influencing other states to consider similar investments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

rocket_beer

Nope Fiat was used here. They hold zero custody of any btc. ZERO Learn about what an ETF bro

rocket_beer

Nope Fiat was used here. They hold zero custody of any btc. **ZERO** Learn about what an ETF bro

bluecgrove

You are wrong. Even though it is through an ETF, you bought BTC. You are trying to focus on the technicality that one doesn't own (self-custody) BTC through an ETF, but by buying the ETF you in essence are acquiring exposure to BTC and therefore have a stake in BTC. They used fiat to pay a 3rd party to buy and hold BTC for them. This is a very simple concept, unlike you, I want our comments to stay up so others can read through and actually understand the semantics game you are trying to play.

bluecgrove

Yet\* They plan on self-custody, but even buying through an ETF still means they are investing in BTC. Let's not play coy here rocket\_beer lol

Rickard403

It's just a clickbait headline. The article states it is ETF outflows.

rocket_beer

This story was posted already yesterday on the btc sub and you can read the comments. Everyone agrees on this. The ETF is fiat. Very simple concept.

StranzVanWaldenburg

Haha I completely glossed over the fact that it was an ETF but thanks nonetheless

cyger

Yea, but the ETF must acquire that BTC one to one. These ETFs are under strict regulation, no paper BTC here.

HoldMySkoomaPipe

Primary market (ETF manager buying and selling BTC to fund subscriptions and redemptions) will be on-chain. Secondary market trading activity on stock exchange would not be.

wdf_classic

If your grandpa wants to buy BTC from blackrock, he has to buy the ETF and Blackrock has to buy the bitcoin at the time of your grandpas order instead of giving your grandpa bitcoin that theyre holding. Then if your grandpa wants to sell BTC from his Blackrock holding then Blackrock needs to sell the BTC it was holding for your grandpa then give that money to your grandpa. They do this because the government knows that if they allow Blackrock to just buy and sell bitcoin from their own reserves then theyll have an easier time manipulating the market by keeping the trades outside of the public books.

rocket_beer

No… no they did not They used fiat to buy an ETF (fiat) At no point was Bitcoin acquired, at all

lamensterms

I'm not 100% across the technical side. But I think the ETF works by people buying the ETF share at whatever market price BTC is at, give or take. Then BR needs to buy BTC to match the purchasers ETF purchase, so the ETF share is 1:1 backed by BTC Then as people sell their ETF shares, BR sells equivalent BTC, maintaining the 1:1 backing If BR held a reserve of BTC then sold ETF at market price, its a different dynamic and BR could profit off the ETF via a different mechanism, as if their selling appreciated BTC without ever selling the held BTC.. kinda just thinking through this as I type, it's not in the spirit of the ETF and maybe not compliant with say SEC or whatever ETF requirements

Ungl8r

Yeah mate, I hope you’re right! I’m old school GenX but as we’ve seen with ETF’s you have to be in to win. Maybe it’ll pay for my kid’s education, maybe I’ll lose 1%. I don’t really care, but I genuinely hope you do great!

AutoModerator

Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/25991/ Texas has become the first US state to publicly invest in Bitcoin, purchasing $5 million worth of shares in BlackRock’s IBIT ETF on Nov. 20. *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.*

Pfaerd

jep, ETF's are shitcoins

slvbtc

If you dont trust exchanges and you dont trust yourself to self-custody your bitcoin, then buy a bitcoin ETF.

CriticalCobraz

**Summary:** The state of Texas has made a historic move by becoming the first U.S. state to purchase Bitcoin for its treasury, establishing a Strategic Bitcoin Reserve following recent legislative approval. The state acquired $10 million worth of Bitcoin on November 20 through BlackRock's IBIT spot Bitcoin ETF at an approximate price of $87,000 per coin. This method was chosen to ensure regulatory compliance and ease of access while Texas finalizes its own custody framework. The state's long-term intention is to eventually self-custody the Bitcoin, shifting to direct control of its holdings. This pioneering action positions Texas as a leader among U.S. states in digital asset adoption and signals a potential shift in how public entities approach cryptocurrency treasury management.

baIIern

I don't trust a cult magazine. Does Texas actually buy shares of a Bitcoin-ETF?

TheRealSlimKami

How are you guys still not understanding how an ETF works. Amazing.

Longjumping-Bonus723

Look... Retail looks at the chart and says ohh 69k first top and 126k second top better sell now before I ride around 30-50k for 3 years. Smart money knows that this wasn't the end of the cycle because everything changed and FED will start quantitative easing or stimulus checks. Also the cycle is just a theory that doesn't need to repeat again. Also this top at 126k wasn't way higher than the old one if you take a few year inflation into account. The ETF sellers just make blackrock sell but that's coming and going every few months.

coinfeeds-bot

tldr; BlackRock's spot Bitcoin ETF, IBIT, has experienced net outflows despite Bitcoin's short-term recovery. Over two days, IBIT saw a net outflow of $66 million, indicating profit-taking by large holders as Bitcoin approached $88,000. This contrasts with inflows into other ETFs like Fidelity's FBTC. Analysts view BlackRock's flows as a sentiment indicator for institutional interest, suggesting caution despite Bitcoin's price rebound. The outflows may reflect institutional rebalancing rather than diminished confidence in Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

benskieast

I asset that is primarily a vehicle to collectively buy commodities, stocks or bonds wouldn’t be included in these indexes because they would be called investment funds. These Bitcoin treasury companies should be treated as such. It can lead to people having Bitcoin exposure that is miss classified as for profit company ownership as opposed to the same asset class as a Bitcoin ETF.

SpaghettiTape

They are the same in that they are purchased and held until sold. The ETF holds a 1:1 amount. They are not the same in that you don't have the same options with the ETF as a person does with a wallet.

longonbtc

That's right, shares of a spot bitcoin ETF are not the same thing as actual BTC. A spot bitcoin ETF is legally structured as a grantor trust that holds actual BTC on behalf of the shareholders and each share represents direct beneficial ownership in the underlying BTC. When you own shares of a spot bitcoin ETF, you can benefit from bitcoin's increasing value but you don't actually own any BTC. You own shares of a spot bitcoin ETF that represent direct beneficial ownership in the underlying BTC that the ETF holds. When you own actual BTC, you can send some BTC to someone else. You can't send shares of a spot bitcoin ETF to someone else. When you own actual BTC, you can use BTC to purchase something. You can't purchase anything with shares of a bitcoin ETF. The government cannot seize your BTC as long as you securely store your private keys. Your spot bitcoin ETF shares can be seized by the government. If you buy BTC directly from someone else (peer-to-peer), then you own that BTC without the government knowing that you own it. You cannot own shares of a spot bitcoin ETF without the government knowing that you own it.

ElRiesgoSiempre_Vive

"Why does Fidelity have..." bitcoin? THEY FUCKING DON'T. They buy bitcoin when people buy their bitcoin ETF. They don't invest in it with their own funds at all. Why the hell is this hard to understand.

forestcall

**Stupid question:** My parents purchased a $300k+ in ETF and my Mom is freaking out wanting to sell it and move it to BTC. Part of the issue is they are in Costa Rica and I am in Japan (were American). I have been too busy with my day job coding to pay attention lately to crypto anything. I used to do web work for BTC back when BTC was in the $100 range and so my family think I am some Crypto guru which I am clearly not. I also helped my Japanese family buy a lot of BTC when it was around $4000 a few yrs back. So thats my experience. **QUESTION:** 1. Should my parents sell ETF-BTC now? I am planning to buy them BTC and move it to cold storage metal seed stamps and just forget about it. Thank you!!!!!

Top_Objective9877

It’s definitely not a crazy assumption, there’s always been huge inflows and out flows. This time the outflow will be from a different area of the market for sure, with a lot of bigger companies holding who maybe shouldn’t have put in so much risk. Only speculation of course, but it’s easy to imagine that a lot of the more mainstream investors who bought bitcoin or wanted exposure through the new ETF’s will be the first to let it go after they thought having access to it would be worthwhile. I’ve always kept a specific portion of it as my networth and track the market pretty regularly, I would imagine a lot of individual investors are doing the same.

VariatCA

It's hardly even "selling" in the traditional sense keeping BTC flat today. Perhaps at market-open when it dropped and bounced back, presumably by another day of ETF outflows at the opening as we've seen for weeks. But over the last few hours (for instance) you can view in real-time the hundreds of millions of dollars in Shorts that pile on when BTC so much as goes a couple hundred dollars up in price. The coordination and systematic price suppression these last few weeks/months have been astounding.

devCheckingIn

Grayscale ETF is open for business and the Bitwise one is coming soon.

FirstDavid

The innovation was the interesting thing. I haven’t heard about much innovation lately. Just about which billion dollar company is opening a treasury company or ETF.

jamesw73721

Doesn’t the ETF value follow the asset value? If so, the two are economically equivalent minus ETF fees

_IscoATX

Yeah I don’t trust the legislature. Until native Bitcoin fiduciaries are a thing the ETF is the best way to keep the state accountable

Always_working_hardd

Not your keys, not your crypto. I read a few days ago that institutional investors were bailing on the blackrock ETF for BTC. What's the ticker anyway?

Nice_Assumption_6396

This. I’m sure if there wasn’t something limiting them they would’ve not bought the ETF. That’s why ETFs were so bullish for institutional investors because now people can buy bitcoin like any other stock without any extra complications.

_IscoATX

Large institutions are often limited in what and how they can buy. That’s why the ETF is so popular in the first place. Spot would have been better but this isn’t bad.

HoldMyCrackPipe

1: Texas did not accumulate a single fraction of a BTC. 2: it just owns a piece of paper communicating ownership of an ETF

Todo_es

"While the purchase was made via the ETF, Texas has stated its intention to eventually move to self-custody. The move follows recent legislative approval in Texas to formalize bitcoin as a strategic reserve asset." https://bitbo.io/news/texas-bitcoin-treasury-reserve/

Bigdyll13

They acquired shares of an ETF that owns Bitcoin, according to this statement. They may own BTC, but this statement is not equivalent.

biba8163

Leon will be a bagholding for eeons > ALL-TIME HIGHS expected for February 2025! 🔥 (February 4, 2025) https://x.com/LeonWaidmann/status/1886796125107322961 > As the #ETH balance drops sharply, scarcity is tightening even more than Bitcoin's. All-time highs will come sooner than most expect! (February 2024) https://x.com/LeonWaidmann/status/1757119412904050794 > 📈 If this trend continues, expect much, much higher Ethereum prices. (November 2024) > Supply squeeze incoming. > BULLISH.🚀 https://x.com/LeonWaidmann/status/1860996379243692157 > 135K ETH burned since the Merge.🔥 (October 2024) > Everyone still underestimates how bullish this is for #ETH when the real bull run kicks in.📈 https://x.com/LeonWaidmann/status/1847676543310713067 > Odds seem high that the bottom for #ETH is in! 📈💪 (August 2024) https://x.com/LeonWaidmann/status/1820456771783360850 > - The #ETHEREUM SUPPLY CRISIS is getting more SERIOUS by the day. (August 2024) > - With staking rates soaring and exchange reserves plummeting, as soon as sellers are exhausted and demand increases, #ETH will fly!📈 https://x.com/LeonWaidmann/status/1829151012428628402 > The market still doesn't grasp how scarce #ETH truly is. (August 2024) > Just imagine what happens if demand picks up even slightly — ETH will melt faces!🔥 https://x.com/LeonWaidmann/status/1823037542062793069 > With the imminent trading start of the #ETH ETF, institutional interest is set to rise. (July 2024) https://x.com/LeonWaidmann/status/1810943563641016835 > - ETH is becoming SCARCER than BTC. (July 2024) > - ETH Exchange Balance: 10.189% 📉 > - BTC Exchange Balance: 15.086% 📈 https://x.com/LeonWaidmann/status/1809923770821267878 > Most investors still don't realize how tight the ETH supply side is and how big the effect of the ETF will be! (July 2024) https://x.com/LeonWaidmann/status/1813102955874382043

light_death-note

The very idea was idiotic to begin with. No surprise people don't want a meme ETF especially right now with all the fear.

Jebne

Not to mention you shoulda also all inned BTC in december 2018, hold till summer 2019 peak and sell, all in during the exact ETH bottom of the covid crash, hold till 4K, swap to BNB, all in that to a doge 100x long, dump (100x short preferred) when Elon was in SNL, buy back in at the bottom of 2021 summer, sell at 69K, go 100x short at the absofucking lute peak, hold that till ftx crash, then all in btc, hold till 100k, swap to gold ETF with 100x leverage. It was all so obvious, why did you not do it??

crimeo

For fraud, a crypto ETF is insured, to be fair. I am in Canada, the bitcoin and ethereum ETFs are both covered by our equivalent of the SIPC, like FDIC but for equities If it fails due to the ETF fund itself being embezzled or something, not the proper price of crypto, then your broker has to make you whole. If they go bankrupt, the government will instead

Tartooth

Insane for a ETF made-up of 500 companies.

RamoneBolivarSanchez

Wow who would’ve thought nobody is going to buy shitcoin ETF’s

coinfeeds-bot

tldr; Grayscale's Dogecoin Trust ETF (GDOG), the first US spot Dogecoin ETF, launched on the NYSE but recorded zero net inflows on its first day. Despite Dogecoin's cultural success and status as the 9th largest cryptocurrency, the ETF's launch highlights challenges in attracting institutional interest. The lack of new capital and reliance on existing interest, coupled with a waived management fee, suggest limited appeal. Institutional investors remain hesitant to embrace a meme-based financial product, leaving GDOG struggling to gain traction on Wall Street. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

To_k

PPI cools we dump Rate cuts confirmed we dump Unemployment goes up we dump Unemployment goes down we dump QT ends we dump QE comes we dump Ukraine–Russia make peace we dump S&P goes down we dump S&P goes up we dump ETF approved we dump ETF rejected we dump

baIIern

Oof... I'd say that at least one BTC ETF will be liquidated during bear. Wouldn't be the first fonds to stop operating. At some point it isn't creating revenue

Civitas_Futura

While they cannot shut down the Blockchain, if the major market players in Western nations decided to take China's approach, it would effectively end Bitcoin. Bitcoin would have no value to many of today's users if you could not access an exchange to do anything with it, and you would go to prison if you tried. All low-tech holders on Coinbase and the like would disappear. All of the ETF holders would disappear. Do not underestimate desperate governments.

nitroacid411

He got drenched. If he rolled ETF. He might have been safer. Still a terrible situation.

VariatCA

ETF's just didn't feel like telling us how much they transacted today I guess. Fine, keep your secrets for now, Blackrock.

CyroSwitchBlade

I don't have any bank accounts there but I do have some JEPQ and JEPI ETF shares that I will dump.. fuck them

Sensitive-Bench-5633

Many are dumping and going into the XRP ETF’s

GroundbreakingPage41

Don’t really think that’s fair given ETH’s ETF launch was while the last bear market was ending while SOL’s ETF didn’t get approved until the current bear market was beginning. You also conveniently leave out that ETH has had significant ETF outflows.

bananabastard

When a number of figures in the bitcoin community came out publicly saying they sold all their bitcoin to go all-in on bitcoin ETF's instead, I suspected they might have been trying to ward off the likes of this.

AutoModerator

Post is by: MarketFlux and the url/text [ ](https://goo.gl/GP6ppk)is: https://cointelegraph.com/news/franklin-templeton-xrp-etf-nyse Franklin Templeton's XRP ETF began trading on NYSE Arca, with analysts projecting $30 million in first-day volume. The fund dominated its opening 90 minutes as Grayscale simultaneously launched a competing XRP product. XRP price jumped 8 percent on the news. Franklin Templeton called XRP "foundational" to global finance as it expands its cryptocurrency ETF suite. The dual launch marks a significant milestone in mainstream crypto adoption, with major asset managers now offering direct XRP exposure to traditional investors. *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.*

Amber_Sam

>At what point would you buy bitcoin at? At any. >I am new to the market but I think it’s gonna keep going down. 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.

VariatCA

Right at the time Crypto-Astrologists are predicting the end of the 2021-2025 cycle, we've got *QT ending* alongside more incoming rate-cuts and liquidity-injections. All while Treasury companies are soaking up stockpiles and consumer-ETF confidence is flowing back in. Early-2026 Quantitative Easing is also still on the menu as well, depending on macro-economic stability. This could easily be leading into the next big leg of the bull run, and 2025 will be remembered as "the bear market that stayed flat for a year."

Background_Home7092

> and dump to $77k into the end of year Retesting the weekly 50EMA will be a good exit point unless it breaks through. Last bear market we did the same thing and hovered above it for 2 whole weeks before plummeting again, which gave people plenty of time to jump ship. ETF traders panic-sell much faster than the average bitcoiner though, so we'll see what happens!

AdSelect4483

I sold the JPMorgan ETF (JGPI) to buy the dip, but it wasn't an intentional move