ETF

Dark_Raiden_

ETH ETF is most likely getting rejected in a month. That'll do it.

Hot-Buyer-8003

Btc is not good for small portfolio.it return will be very low.if u have good portfolio then buy it and forget for 1-2 years.My opinion is to buy etherum instead of btc. ETF is approved by hongkong it will give u 3x to 4x inshallah.

coachhunter2

Just wait until the SEC reject the ETF applications and then claim it’s a security

Appropriate-Talk-735

The ETF are moving slowly right now but soon we get more action from players like this. HOLD!

Own-Confidence-4217

This is why SPOT BTC ETF’s are so imperative. Coming from someone who was hacked for 1 whole coin in 2019 I’ll never get that back…

clicksanything

> In the US Gensler didn't allow in-kind redemption. Suppose the HK spot ETF starts trade and is wildly successful could this force downward pressure on US spot ETF to allow in-kind with time?

arBettor

Free-ish money in foresight for some people. But I don’t think the ETHE situation is comparable. I’m less confident in the imminence of an ETH ETF. A moderate discount makes sense there.

Material-Advisor-273

I’m thinking by then I’ll have it in an ETF at my bank. There’s stress in custody. 😩

JeremyBF

Almost, They (Grayscale) are selling because their customers are selling because they didn't want to lower their fees. Mostly the customers are just buying back into a different ETF or buying spot though. Grayscale don't want to sell, they make their money on the fees, they just mistakenly expected people would stay with them despite the fees being much higher.

spid3rfly

I actually think there will be enough demand from the HK ETF next week that it'll absorb the rest of the Grayscale sells. That's me totally spitballing but I'm sure HK is coming with the funds.

moonRekt

I’m basically all in on GDLC at this point. Dumped my LTCN and BCHG for the real thing when they hit 3x NAV and chased GDLC at 35% discount, will add more ETHE since that’s at less of a discount but closer to ETF. I cleaned up buying GBTC at 40% discount, sold a car to buy GBTC my new car is already paid off with the profits

SpiritualRest

Why would you choose Microstrategy over an ETF, other than the sentiment?

Sideways_X1

I know you said ETF, but if you have more than 20 years before 65, I would go MSTR.

AllCapNoBrake

I prefer the actual BTC, but I suspect there are advantages to be had under the tradfi umbrella to hold the ETF as well as IRA.

Rocket_Man54321

OP: Up in 2-12 months if this time “its not different”. Who knows though. Bitcoin is a great tool for accurate verification & is also functions as digital property. Disinflationary by design. I prefer balanced portfolio - hold till I die is the best strategy. Portfolio: 55% BTC | 15% CAT | 15% BTAL | 15% GLDM. Not a Maxi. I do investing as a hobby. My favorite ETF of all time is BTAL as an uncorrelated market volatility hedge. Look up Ken Fisher Homegrown Dividends on youtube for learning how to take profits effectively. Hold Minimum 1 year - to lower capital gains tax.

BitcoinMD

I have held GDLC since it came out. I think it’s a good option, but just we aware that it might be a long time before it’s converted to a true ETF like GBTC was.

AodaFyr

>as a tool to circumvent capital controls and address economic imbalances. The whole IMF essence is to do capital controls and create economic imbalances. So it means some "sponsor" seen greate profit potential in promoting bitcoing. Either financial institutions that expect to manage ETF and some kind of new finantial derivatives, like obligations or swap contracts... Or it's all a conspiracy and bitcoing was chosen by shadow elites to make a global financial reset.

Coininator

Just buy the ETF and pay that small fee for peace of mind.

Wendysmanager24

What a time to be alive folks BTC casually crabbing near all time highs for a month on the absolute CUSP of reaching new frontiers BULLS WIN AVAX TO 300 THANK YOU ETF THANK YOU HALVING

user_name_checks_out

> Mods delete threads related to Hong Kong. I doubt that. Here's one from today: [Hong Kong ETF question](https://old.reddit.com/r/Bitcoin/comments/1cauzf5/hong_kong_etf_question/)

Investor-seasoned

I will join in with the posters who point out that if it takes extreme secretive and clever means to store wealth, BTC will never be as popular as would be necessary for it to reach the level we are discussing. ETF’s are likely the best way for mass acceptance of BTC as a store of value. Use gold as an example, most people do not have a million dollars in gold in their safe or safe deposit box ( or diamonds which are lighter and more compact). If they hold gold in that amount, it’s in futures or stocks.

Bbpowrr

What is the advantage of buying BTC via ETF than an exchange like coin base?

lykewtf

Maybe a heads up that HK was going to approve the ETF like they just announced an hour ago…

Inside_Marsupial4098

Mass population should not be interacting with Bitcoin on-chain... That's what ETF's are for.

btc_clueless

lol, my portfolio is mostly ETH and some BTC. Right now it looks like ETH was the midcurve choice of this cycle. Was too good to be true. Still got some hope that it may catch up to BTC at the end of the cycle when its ETF gets approved.

btc_clueless

I am not entirely sure it will come back. If we are honest, much of the tech narrative of previous cycles was illusive vaporware: where's the metaverse, NFTs, widely-used web3 applications today? Or what about all those ICOs from 2017? Much of this was thinly veiled gambling as well. Now we finally dropped all pretense and go straight for the meme coin gambling. (Btw for those interested, I suggest to follow Ansem on Twitter/X, he understands the meme market dynamics better than anyone) There is less development happening this cycle compared to last, somehwere I read 25% less active crypto devs on github. That says a lot. The way I see it, there's two main types of investors right now: #1 The ones that see it as a serious investment and asset class and firmly believe crypto has a place in the future. That group includes some OG retail (who mostly want to preserve what they made in previous cycles) and big shots that can now invest via ETF. They are mostly interested in Bitcoin as the most established and secure digital asset. #2 Small retail investors (like most people here on reddit) who don't have too much and see crypto as their last shot to ever reach financial independence. Those people feel they have little to lose and take much more risk, trying to cut corners and make generational wealth. Those are the people who chase new projects and this cycle happily play the meme coin lottery. Many of them will roundtrip their gains by the end of this cycle. So right now people really seem to be mostly into the gains and not much into the tech. Also, AI is kind of stealing the show in that regard.

Defusion55

The underlying asset of the ETF is Bitcoin. When you sell your shares you have the option to be sent the Bitcoin rather than them selling it for the cash equivalent and sending you the $. In the US Gensler didn't allow in-kind redemption. So anytime someone buys a BTC ETF they take your cash and buy the bitcoin and then when you sell your shares or even transfer them they have to go sell that BTC and send you the cash or use the cash to rebuy.

Objective_Digit

>The BTC ETF was approved Crypto isn't Bitcoin.

MilkMySpermCannon

I think that's just the total capital that crosses over from China. They're not saying all of that money will get dumped into the ETF.

the_lone_unlearned

Does that matter? Anyone can own Bitcoin. Maybe he owns some Bitcoin, maybe he doesn't. Maybe Blackrock owns some Bitcoin, maybe they don't. But what we know is true is that every single dollar that goes into the ETF, and every single bitcoin held in that ETF if from CLIENTS, not from Blackrock or the CEO. So yeah all the BTC in the ETF is for the ETF, that's what an ETF is, the holdings of the ETF.

Sharlach

There's been a lot of selling from GBTC due to their substantially higher fee's and the lack of "in kind" transfers for BTC ETF's, yes. They just launched a subsidiary fund with lower fees that their current customers can transfer into though, so that should reduce the outflows. I think FTX held a lot Grayscale shares too though and they're going through bankruptcy proceedings now, so that's been another source of sell pressure for them as well.

Tasty-Lemon-2143

I think the most disappointing thing about Wall St entering the ETF market and getting involved in bitcoin is the realization that they have absolutely no fucking idea what they are talking about....not with their markets, and certainly not when it comes to bitcoin.

rpujoe

That explains the crash today. Whales manipulating the price to seed the ETF at lower prices.

zorroww

The SEC delayed decision to late June. Could just be giving time for others to get their ETF's in order similar to BTC

HidekiRiuga

China is having a gold rush now and there's a lot of people that moved away from Bitcoin with the several bams. Do you guys think the impact of this ETF would be comparable to the US ETF's?

Famous-Inflation6364

No he won’t he lets you buy it for him. He controls the ETF. If he buys bitcoin he uses the money he makes off the Ibit bitcoin ETF fees to buy bitcoin.

Deeky8383

I think it makes more sense to ask yourself a few simple question(s) & come up with your own opinion(s). Such as, do you believe adoption has increased significantly since the last halving? Are more institutions/banks getting involved? Are the ETF's creating more demand than ever before? If overall demand is on the rise, and the newly minted coins is reduced, overtime one would think price will increase. Hard to see it otherwise, especially using past cycles as a reference. It's more of a hard answer to when does it top out & what does it peak at?

TopG007y

So why are countries buying it and sovereign wealth funds? Since the ETF’s were approved in America it’s basically been given the green light for institutional capital. Do you think owning dollars isn’t sus then because I just think it’s Monopoly money at this point? I’ll take my chances with Bitcoin….

_CloudKrazed

Estimates from relatively trustworthy sources mention inflow numbers around 5B so not irrelevant, but nothing compared to US ETF inflows

Kronos5111

It’s true. The ETF must be backed by the underlying asset. Blackrock maintains no legal claim to the Bitcoin. In fact, they don’t even hold it. Coinbase is the custodian for the ETF. To say Blackrock owns the Bitcoin is equal to saying Coinbase owns the Bitcoin. However, they are US corporations and are ultimately above all else subject to the US federal government. If Bitcoin grows to a point it poses significant threat to the dollar, the federal government could seize the Bitcoin backing the ETFs as they’ve done with gold in the past. Which brings us back to “not your keys, not your Bitcoin”.

jeff_varszegi

I'm a little bullish/impressed, since ETF inflows have slowed down recently but will likely pick up again. This is due to at least two factors: previous inflows including shifts away from GBTC, and portfolio managers beginning to recommend the ETFs to clients. I don't remember the numbers in terms of total market cap, but believe where previously advisors would often recommend that investors limit crypto to a very small amount if not avoiding it altogether, at BlackRock et al. they're now free to *recommend* it up to 2% or so of the portfolio value. (Going from memory, hopefully roughly accurate)

BookieOnFoodStamps

The ETF inflows will be peanuts compared to the US.

cyger

Just be warned, those discounts can stay around for a long time. I held GBTC for a long time from 2015 as it was a rare way to get BTC exposure in my IRA. But until the ETF was approved GBTC traded at a steep discount ~50% for a couple of years.

OccasionalXerophile

Remember, HK ETF approval on 30th April, allowing Chinese investors into BTC market above board. If that ain't bullish, I don't know what is. China has 3-4x US money supply

Yattiel

ETF's are a death sentence for whatever crypto they touch.

Consistent-Gold-7572

Yeah I saw ETHE has a 25% discount been looking at that one too. Most analysts put the odds at an ETF over the next 12-18 months near 100%. So even if it goes nowhere you can still get a great return once the ETF conversion happens

tellorist

the guy who can look Gensler into the eye and tell him *you vill do ETF when I tell you to ETF, aight?*

UpLeftUp

>What will the catalyst be though? It took a massive influx of hardcore ETF whales to pump it to 70k, now what is going to get it to go higher? Retail seems like they are just sitting this one out. Retail has an almost insignificant hand in the multion trillion dollar gold market. Or bond markets. Or derivatives markets. It takes time for pension funds and other large sophisticated investors to decide to make a particular investment. They haven't yet invested in the ETFs, but some will. Those decisions, even just 1 or 2% of their assets, will dwarf any plays by retail. Similarly, once some countries decide to swap out some of their USD or Gold for bitcoin, there will be a significant spike because there just isn't enough supply at current prices to satisfy that level of demand.

No_Environment_8116

I mean it's definitely something people do. I would recommend keeping more than 3k. Keep an emergency fund of cash, like enough to live on for 6-12 months. In case something were to happen to your bitcoin, you have a fallback. A savings account can be insured, your bitcoin probably can't. And At least for now, cash is a little more stable than bitcoin. Maybe put a small portion of your paycheck into an ETF too if you don't already have an IRA or something.

President_ErectJoeyB

Ok, I’ll give it a shot but I’m not an expert by any means. GBTC is the Grayscale Bitcoin fund that was the predecessor to the ETF approvals. Fees are way higher than the ETFs so people are selling off shares in GBTC and moving them into lower fee ETFs like FBTC, IBIT etc. They still hold several hundred thousand coins they have been offloading them for months and it’s been the counter effect to incoming ETF flow. My point was once the GBTC sell off is complete in addition to the halving, in theory the price should go up. The constant outflow of GBTC has been the counter effect to halving and huge inflows of ETF money.

ConsciousOpinion5897

Sorry can you explain what do you mean by that? I’m a new bitcoin investor, I’m also not very new to the stock market. But I was trying to understand what you mean when “GBTC runs out of bitcoin (that will increase bitcoin price)”. I know GBTC is the biggest bitcoin ETF, but what do you mean about running out of coins. Is that like outstanding shares or smth else?

MercatorAureus

See it the same way as long term investment with Blue Chip stocks. Buy and hold. Bitcoins is digital gold and will stay so for many decades to come. Especially now with mega institutions getting late into the game, but with a lot of gun power. It’s my opinion that they will dominate the crypto market and push away retail investors like us. JP Morgan, Black Rock, Merrill Lynch, just to mention a few, finally realized that crypto was power to the ppl, so if they own it all, they will keep the control of the economy. And now China getting into it through HK with bitcoin ETF… as for me… I’ll HODL for ever. (This is my personal opinion, always consult with your registered FA or CPA for advice before doing anything)

purplecowz

Right, thanks. But also arent they dumping them because of some sort of conversion thing? I know I'm not explaining it correctly but I don't think it's just demand and supply of the ETF.

Individual2020

This guy is a vampire. He invented the ETF, the killer of all grass roots price appreciation.

Fernmixer

ETF the “customers” don’t own it directly, the bank manages the ownership and they will buy on behalf of the clients until they have enough to balance out the clients buying with the ones selling Tldr: Bank owns it, customers hold a ticket saying they paid the bank and can cash out for that amount of BTC

uncapchad

5 days is normal for a 1st withdrawal. Centralised exchanges have to comply with a bunch of legislation which includes an audit on your transactions (source of funds/source of coins etc). Part of AML enforcement. Nothing to do with how much bitcoin they have. Their holdings have to be published. They are the custodians of pretty much every ETF fund out there and also have about 9000 Bitcoin on hand

Financial_Design_801

SPDR Gold ETF (GLD) took 800+ days since inception to achieve same AUM as iShares Bitcoin ETF (IBIT) has in just 70+ days… “No demand” https://twitter.com/nategeraci/status/1782845386119430489?s=46&t=ihVglVXC0BQSbw6j57EoaA

Murtux

you realize an ETF is not his personal holdings right?

poorbobsarmy

No, I'm talking about the coins that claim to be Uniswap of Bitcoin. Ordiswap as an example, I got a 7x out of that, got 50x buying SAVM launch, 40x on puppets etc. 99.99999% of crypto is dumb and pointless. Don't trade fundamentals, trade attention and be early to stuff. We all knew btc would be hype this year due to ETF advertising, so BRC was an easy narrative to be early to. Or hold Bitcoin and Cardano and Algo and get minimal returns, up to you.

Sharlach

ETF's make money on the fees they charge, not the asset itself. They're the intermediary that stores the underlying asset and issues shares, but it's their customers that decide when to buy or sell, not them.

Leifenyat

I'm gonna go back to ETF now cause my country has 20% flat tax rate and aggregate tax lol.

Horse_trunk

What will the catalyst be though? It took a massive influx of hardcore ETF whales to pump it to 70k, now what is going to get it to go higher? Retail seems like they are just sitting this one out. I'm a believer and going to hold forever btw, but I'm really curious what the catalysts will be.

0zeto

More like toxic swaps due to ETF creating, ETF should be closed and btc become a own asset class like it used to be

Rakshear

Btc got an etf because it’s an older commodity, eth may not get an etf at all because it’s a more complicated cryptocurrency whose value is derived from use, and less stable then bitcoin since eth coil in theory be replaced by better technology, whereas btc is a store of value vs eth being a utility token. Even though ETH is classified as a commodity by the CFTC, any ETF that involves ETH falls under the SEC’s purview because an ETF itself is considered a security. An eth etf would likely be beneficial for alt coins because it means several of them could get an etf potentially.

R100K-Martin-Lunger

Bitcoin ETF adoption will not directly impact altcoins, but it might have an indirect impact. Analysts say it will contribute to the rise in Bitcoin's value, which will bring about the bull run. It will in turn lead to the altcoin season, benefitting altcoins across the board. However, nothing is set in stone in crypto so it's a waiting game for now.

NSFW418

He's not personally buying it, he's buying it for the ETF.

suuperfli

actually, individuals buying the ETF will be the ones buying, and Coinbase will be the ones custodying it

Cosoman

Did someone say x3 leveraged Bitcoin ETF??

CountyApprehensive58

If you want to trade you may as well stick to the ETF’s in a brokerage account.

martyrobbinz88

Because hindsight is 20/20. In the real bull market, people are going to be constantly saying bear starting, bitcoin up another 50k. Random dips and pumps, it's almost impossible to tell when you're at the top and when you're at the bottom. You could sell and then watch bitcoin double again and not touch a low cost ever again, especially with ETF's now in play. Looking at the graphs from 4 years ago its easy to think "Yeah GG EZ" but when you have substantial money in the market you realize its not. The real way to win with BTC is to accumulate as much as you can, by 2032 a full blockchain reward is going to be .79 BTC. Having 0.01 at that point could mean a ridiculous value.

DogoByte

You just missed a minor detail. The ETF are buying $ [millions ](https://farside.co.uk/?p=997)worth of btc every day. The new supply (inflation) just got halved. More ETF parties are coming on the market, and this effect will be continuous for years and year to come. The capital just from them will keep flowing in. Aside from other parties like businesses getting inspired by MSTR's succes story and are investing in bitcoin. Talks about countries and banks buying and possibly even competing for bitcoin... So my opinion is the total opposite of yours. A dip was expected around halving time, I am not saying this will absolutely not happen (nobody knows of course, things like israel-iran happen) but I am saying bitcoin will explode soon as it seems there is far more demand than supply. It seems so obvious to me that it is going to explode that it feels unreal. It feels like a once in a lifetime opportunity. But if it does happen to crash... Bring it on, as I am always looking to increase my stack. You know the saying... 1 btc = 1 btc. Realistically with all the capital flowing in, the whales will have an ever smaller share of the market (25% controlled by 10 whales seems totally rediculous to me). But even if they manage to crash the price 20% that is fine with me, it means they sold a fuck load and others will buy those coins cheap and the whales won't be buying all of them back, diminishing their position and influence even further.

ronchon

But what makes you think 'retail' isn't part of that ETF inflow ? In fact, given people don't like responsibility and don't care about privacy or self-sovereignty, i'd assume retail is most likely going to migrate largely into these ETFs.

btc_clueless

If the choice is between those two, I would go for ETH clearly. It's without a doubt the most important smart contract platform (incl. most devs) and will remain so for years to come. Also: ETH ETF just a matter of time now (end of this year if we get lucky?). XRP on the other hand is a solution looking for a problem and for years used to be in the Top3 or Top5 of CMC but is slowly slipping away now. Wouldn't be surprised if it dropped out of the Top10 by the end of this cycle. (If you asked BTC vs ETH the answer would be more tricky. BTC has clearly outperformed ETH for a good 2 years or so. Not too uncommon during bear and early bull markets but it's about time for ETH to catch up but it looks like BTC will continue to lead for now.)

b0x3r_

We are having two different conversations. What you are saying here has nothing to do with the original post you were responding to. As far as I understand, with exchanges you have an account that gives you a claim to a certain amount of Bitcoin from the exchange’s liquidity pool. With an ETF you don’t own Bitcoin at all, you just gain exposure to it by buying a share of a fund that holds Bitcoin. My point was that Bitcoin never leaves the Blockchain. All Bitcoin that will ever exist is always 100% of the time viewable on the blockchain.

usercos187

you can see that the btc that you hold on your account on an exchange or in an ETF, are not 'promises of btc' and can be seen on the blockchain ? please show us how to verify that. (you won't)

c0mbucha

> At 66k$/BTC, we now need $30 Mil. To buy the complete mining production of BTC for 1 day. > > > > The average inflow from ETF's is $177 Mil. This does not account for so many other factors like people who were able to buy up cheap Bitcoin for 1-2 years at $18k-$25k etc. Also of course those of us who have Bitcoin since way before that for even cheaper price. Still we all *could* sell with really good profits even at $66k. Now what this *COULD* mean for the future of Bitcoin is that we will see much higher lows in the future, like maybe Bitcoin now would hardly drop under $30k ever again. Maybe at some point it could even be $40k. Thats the most interesting part to me, which also would make more people hold Bitcoin longer since they cannot just get cheap Bitcoins anymore in bear runs, right. But while your math/numbers are interesting, its also dependent on the infflow from ETFs staying at $177m. If it does, we actually should have Bitcoin 250% higher than now.

CryptoKnightAhh

They don’t own the Bitcoin held in the ETF, their customers do. If the value of Bitcoin rises or falls they still make their money from the fees either way

dmx442

At 66k$/BTC, we now need $30 Mil. To buy the complete mining production of BTC of 1 day. The average inflow from ETF's is $177 Mil. Even if the inflow from the ETFs *dries up* to 1/3, roundabout $60 Mil. That would still be a massive uptrend for the Bitcoin price. And that is all without any retail buying considered. Stack the Sats, a bright future awaits BTC.

AriesThef0x

ETF’s seem to be cooling down both on the buying side and the selling side, will be interesting to see if this trend continues. I’m curious to see if buys for Blackrock and Fidelity pick up once GBTC selling dies down.

dannygladiolas

Yeah, Bitcoin ETF.

Dark_Raiden_

ETH has more regulatory risk now. XRP won that front (unregistered securities). If ETH isn't labelled a security, then it'll continue to outperform XRP. So you have to assess the regulatory risk to make the decision. The ETH spot ETF is due for a decision in 1 month. While it's most likely a rejection, we may find out more about the SECs intentions.

Dark_Raiden_

We have no influence on global markets. Our stock market is literally an ETF for the US market, and our trading volume has no impact on cryptocurrencies. We just enjoy the show 🤣

jimmajamma2

Also, it might be that the recent decoupling coincided with what was suggested was a 90 day moratorium on Registered Investment Advisors being able to buy the ETFs. [https://www.nasdaq.com/articles/bitcoin-etf-first-month-is-in-the-books:-how-it-went-and-what-comes-next](https://www.nasdaq.com/articles/bitcoin-etf-first-month-is-in-the-books:-how-it-went-and-what-comes-next) "This period of observance would normally mean 90 trading days to pass from the launch of a novel product like a bitcoin ETF, as well as various volume threshold and AUM criteria, amounting to about six months of lag time." So around mid April what might explain the exaggerated downtrend for MSTR is people moving money from MSTR to the ETFs based on the advice of RIAs. Just a theory. Also, a hedgefund noticed the extra premium at the end of March and publicly announced they were shorting MSTR. That could be a factor too. [https://www.coindesk.com/markets/2024/03/28/microstrategy-trades-at-an-unjustifiable-premium-to-bitcoin-kerrisdale-capital/](https://www.coindesk.com/markets/2024/03/28/microstrategy-trades-at-an-unjustifiable-premium-to-bitcoin-kerrisdale-capital/) Good luck!

SouthernGoal4836

This isn’t a knock on anyone but I actually think the BTC community, which I’m new to, is actually realistic. I see people here talking about DCA anywhere from $50 a week to $100 a month on the low end. Which is realistic. Over the the WSB board people are just throwing $5k to $20k on random 0 DTE options like where the F do people that dumb have that kind of money. I’m very late to the game here. I’ve owned bitcoin back in 2016 and have held GBTC here and there but for whatever reason now I really want to throw a lot of money at it. Bought $20k worth in my Roth IRA earlier this month and am planning to add $40,000 to that amount in the next year. Goal is to hopefully after a year have close to one coin. If it goes up and I’m not there, then I’m definitely not complaining. After I get one coin in ETF equivalent I’ll dollar cost average to something more reasonable like $200 a month. I could buy the one coin equivalent now but I’d rather do it over a year.

No_Song_8952

So in 7 days time when Hong Kong approve the Btc ETF’s and Asian money flows into the market, you think it will pull even lower? Nah.

Sharlach

Get fucked Gary! You're gonna approve that Eth ETF whether you like it or not, bitch!

analogOnly

Both. I have a managed IRA and a brokerage IRA (which I plan to convert to ROTH) In my Brokerage IRA I have FBTC. In my managed IRA I have MSTR. This was done this way because the institution the manages my IRAs is not allowed to manage a Spot Bitcoin ETF, so I opened the brokerage one. Anyway I'm about 2/3rd in FBTC and 1/3 in MSTR.

dirodvstw

I think buying BTC instead of an ETF is the best choice no?

Asleep_Eye_3066

Let's keep this simple and at your comfort level: buy a Bitcoin ETF from your broker...eg the one from Blackrock or Fidelity or Ark Or open an account with Coinbase and buy some there and keep it there till you learn more

Fernmixer

Bitcoin is in the banks now (ETF) You think they are gonna let that investment go to waste?

Financial_Design_801

42 asset managers report holding IBIT (Blackrocks Bitcoin etf) 28 asset managers report FBTC (Fidelity’s etf) Every single asset manager on the list (& their Board of Directors) knew that their investment in Blackrock's Bitcoin ETF will be disclosed publicly & they invested anyway https://twitter.com/hodl15capital/status/1782541911401668805?s=46&t=ihVglVXC0BQSbw6j57EoaA https://twitter.com/hodl15capital/status/1782562357832536358?s=46&t=ihVglVXC0BQSbw6j57EoaA

Hasty0174

Twice weekly. Calculated the days of the week since US spot ETF launch that had the lowest price. Averaged it out and picked the #1/#2 spot.

zrad603

You can't compare the two halving events. 2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow. Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut. However now we have spot-ETF's. However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC. I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.

zrad603

You can't compare the two halving events. 2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow. Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut. However now we have spot-ETF's. However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC. I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.

bookworm010101

When you have a ETF and the IMF even says BTC should be a part of your portfolio. Game, set, match

Promeeetheus

When do the Chinese ETF's start up? Last Monday was the announcement of intent, I believe.

SuccotashComplete

I don’t like that it says other halving were powered by “other cryptocurrency specific headwinds” but pays absolutely no attention to the massive surge in adoption caused by US spot ETF approvals

usercos187

whereas btc held in ETF by tradfi celebrities, leads to ... ?

SuccotashComplete

Exactly. Recent ATH isn’t odd, it’s easily explained by increased interest and credibility caused by ETF approval. That effect will be additive to the normal boost from the halving. Price will probably be shaky for the rest of April, and slowly climb for the next few months, the out of the blue it’ll be off to the races.

ThinCrusts

Uhh it was an actual ETF until Feb 13 of this year. It wasn't just an Internet meme (: