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lol and all it takes is Google: "FBTC RELEASE DATE." 😂
The fuck are you talking about? FBTC since Jan 2024
You can also use FBTC for a roth IRA and avoid paying taxes on the gain if you really believe it will go to $1,000,000!
Or u can buy FBTC and not have to worry about any of that
I went all in 3 years ago in 2022. Since then, my wealth has appreciated over 300%. Last year when the bitcoin ETFs launched, I converted my entire IRA to FBTC. That has appreciated by 161%. Bitcoin is probably the safest place you can put your money - in cyberspace where it can't be debased by government. I know the monetary policy and exact future supply issuance. I sleep soundly at night, and I'm getting wealthier over time.
Did you sell gains from other stocks? Otherwise it’s impossible to have 35k all in FBTC since it launched last year.
I paid super close, borderline obsessive attention during the GBTC conversion and the ensuing law suit. The bigger the discount to nav the more I bought. In my 401k. My financial advisor was pissed but I kept saying trust me bro. Then once all the approvals happened I moved it to FBTC and haven’t looked back. My only regret is that I didn’t go all in, but overall pretty happy.
I’m only bold enough to have my entire HSA in FBTC
Not FBTC but I’ve been in GBTC years before ETFs… since $16/share
> Yup!! I had my Roth with my families money dude. The moment FBTC launched I called this old potato with the exciting news. Pulled every penny out after he told me that their firm believes the asset to be extremely risky and therefore would not buy it on my behalf. About a year later I pulled the rest of my portfolio from his management after he said I was “lucky” with my FBTC purchase. I can buy etfs on my own… You know that stories like this aren’t true when the posts contradicts itself. “Pulled every penny out” and then later states “I pulled the rest of my portfolio” which implies that they didn’t pull everything out initially.
Rolled over old 401ks into an IRA at Fidelity, caught the Grayscale BTC & ETH funds discount to NAV until their ETF conversion, converted into FBTC & FETH on day 1. Account is probably 5x since my initial rollover date but also includes $COIN. My employer also uses Fidelity for HSA, so 50% of my HSA portfolio is also in BTC/ETH ETFs from the Grayscale ETF conversions. I’m risk tolerant but also try to manage my risks effectively, need to have money in case any emergencies come but I’m a young millennial. Recently moved my Roth IRA over to Fidelity as well, managed to catch FETH at its lows and that makes about 20% of this account. 50% of my overall portfolio is in these ETFs, another 2% in CEPO because of AB, and total exposure goes up to 80% counting other crypto/digital asset holdings. While your ROTH has no tax liabilities, losing it also means you cannot deduct losses against your income. Understand your risk tolerance, how to adapt your risk profile and the tax advantages of each retirement account type to play the long game.
Yup!! I had my Roth with my families money dude. The moment FBTC launched I called this old potato with the exciting news. Pulled every penny out after he told me that their firm believes the asset to be extremely risky and therefore would not buy it on my behalf. About a year later I pulled the rest of my portfolio from his management after he said I was “lucky” with my FBTC purchase. I can buy etfs on my own…
I stopped buying real BTC and buy the dips on my FBTC just for Tax reasons.
Yes. 401k rolled over to a standard IRA after I left a previous company. It’s a pre-tax account just like a 401k. It allows for the flexibility to choose your own investments, like FBTC vs rolling the 401k over to your new employer’s 401k where you’re locked into their plan and their limited offerings. Roth IRA is great, I’ve just always done the 401k for the company match. Roth is better if you don’t get a match IMO. Make sense?
I'm up like 283% I think in FBTC. I got it when it came out.
I’m a bit older than you and my IRA is about 30% of my retirement (rolled over from an old 401k). I have my standard 401k in S&P500, International index and Midcap index. I will say, it is good to hedge your bets, not all eggs in one basket as they say…. With that said, you being 21 and having 35k in a Roth is incredible, amazing job! If I could move more into FBTC I would, but I’m limited to my employers plans. I’m just buying Spot BTC now to hodl. I truly think BTC has no cap and is the future. The hard work you have done saving will serve you well in life. If I were 21 again, I’d be buying 100% BTC, but perspectives change a bit when you get older and have a family depending on you. Cheers friend.
No, but I do have about 25% of it in FBTC, IBIT, and MSTR.
I put my Roth IRA all in on FBTC pretty early after ETFs were out, I’m up over 100% so far. Had to move it from Vanguard, surprised they still don’t have a Bitcoin etf.
The only people concerned are those holding options on FBTC or the like.
For me personally: 1. My wife and I's 401k are fully invested into IBIT/FBTC. 100% allotment. 2. Currently have around \~27% a month going to BTC directly. 3. Coinbase One Credit Card - I get 3% back currently and will use that card for all daily spends to stack more sats.
Exactly, buy on an exchange and move it to cold storage for security. If self-custody isn’t your thing, you can always go for a Bitcoin ETF like FBTC as an alternative
$FBTC, custody storage by Fidelity 🇺🇸.
That’s why I stick with FBTC in my retirement accounts
If you actually want to create income without selling your Bitcoin the only way I have found to do so now is the following. 1.) Exchange Bitcoin for a Bitcoin ETF in a brokerage account with margin enabled (I use fidelity) 2.) Using margin, purchase about 20% of your total BTC ETF value in an options income fund that generates more margin interest (MSTY is what I use, but there are other options such as BTCI). 3.) Either use the income to pay off margin, buy more BTC, take the income or some combination of the three 4.) remember that this income is taxed as a dividend and plan accordingly EXAMPLE: you have $100,000 FBTC, then you buy $20,000 of MSTY using margin. This will give you an income of approximately $4,000 every 4 weeks (13 payouts a year which makes $52,000), your margin interest should be about $11,000 a year. This strat enables you to preserve your upside exposure to Bitcoin, which creating an income stream. The downsides are in a catastrophic market move you could get a margin call (it would need to be truly massive with only 20% leverage) and you lose out on all of the decentralized aspects of holding BTC in a cold wallet (e.g. if you need to flee the country) you are 100% on tradfi rails with this strategy. Obviously DYOR this has been my strategy for the last 4 months though.
My Roth IRA stuffed with so much FBTC it’s sickening
I included politics because living in US in a liberal blue state, there is a great divide between how people believe our leadership is going. As an independent I do not think anything has really changed as far as money printing. Nor do I think it will change or stop whoever is in power. However, I do think that our presidents involvement in Bitcoin and treasury companies will make people have a negative light towards Bitcoin who have blind hatred and anger towards our president. They will never investigate or do their own research as they will put it in same basket as “Trump coin”. That will likely be a long term error. Us retirement plans can only invest in Bitcoin through sp500 for most part. IBIT, FBTC and others are not available. There may be a better digital asset than Bitcoin, but it will likely be a fork off the blockchain, not a new currency because of the network effect and the breadth of the network throughout the world.
IBIT/FBTC in RRSP and LIRA only since you can't buy the real BTC in those accounts. Buy BTC and buy as much as you can. Taxes on your BTC won't be a concern in 10-20 years.
The reason I use IBIT over FBTC is options.
If you max out your TFSA or really wanna hold onto some actual bitcoin, yes? I have FBTC in a TFSA.
Serious question, why would you have ever suggested IBIT over FBTC?
I have both BTC and FBTC in Fidelity.
I would’ve suggested $IBIT prior to last week, but there are rumblings that they may want to fork bitcoin for their own purposes. Based on that I would go with Fidelity’s FBTC since they are actually working on getting a one for one swap with real bitcoin for those who to want to cash out. At least they are doing something positive, Blackrock is just trying to fuck everyone over somehow.
Yeah, if you buy crypto ETF’s. One example is FBTC with Fidelity.
I leverage MSTR, at peak(450$) I almost made 30% gain this year. Last year I did it with FBTC and netted 100% gain over the year. I DCAed every week a portion of my margin, never go more then 25%
I have some VTI, QQQ and FBTC in my Roth. I’m thinking of selling my shares in voo in my taxable for btc. Should I? I’m trying to get to 0.1 before end of year
if you own FBTC you dont own any bitcoin.
what is your experience having both FBTC and microstrategy? I recently reallocated about 25% of my 401K into FBTC in addition to self custody/DCAing of course. any dramatic differences between the two over time?
Always good to have some diversification. I own Bitcoin, FBTC and also microstrategy and Grayscale ETF (GBTC).
I converted about 30% of my portfolio from S&P500 to FBTC. Take a balanced approach, don’t yolo everything in. If we are right and this goes up forever, then putting a chunk of your portfolio into BTC (or etf) will be massive.
Hell yeah. I am converting 25% of my 401K to FBTC and stacking my self custody. I'm so sick of trash inflation and my work being devalued every day. Good luck
No way. What is in my custody stays in my custody. I do, however, also buy FBTC in my brokerage and Roth IRA accounts. I buy it in my brokerage so that if it ever goes up to something crazy, I can sell those shares rather than my coin. I buy it in my Roth so that it'll stay there for years. The intention there is that any gains will end up being tax-free at withdrawal someday. :-D
Just convert to IBIT or FBTC. The only way bitcoin goes to zero is if you lose your wallet
Yup 50/50 IBIT & FBTC in retirement accounts. Why? Because Fidelity self-custodies their bitcoin so instead of having all of it in just IBIT or FBTC, spread it out and half it in both
Absolutely max out your Roth every year and put into IBIT or FBTC or something like that that tracks bitcoin. Then after age 59 1/2 you can cash out millions and never have to pay tax on it. Any excess $ available to invest can still go into BTC directly.
This is dumb. Max out the Roth with FBTC. Get the returns but avoid the taxes. Never listen to anything this clown writes agai
Since the ETFs got approved I only buy IBIT and FBTC
I was in a similar Roth situation. I had my Roth with Vanguard for years and part of me really didn’t want to fuck with it, so I let it sit there for too long. Finally got a bug one day and transferred it all to Fidelity and all into FBTC. No regrets.
All my pretax and company contributions go into FBTC
The etf is one way although it isn’t really bitcoin. FBTC or IBIT
Get them shares of a Bitcoin ETF like FBTC.
Does that include FBTC? Bc according to their own site--which I screenshot every day--they have less this week than last week. 202,266 vs 201, 307.
I consider IBIT and FBTC the same in this context. Both are spot bitcoin funds, hold only bitcoin, same fees, no dividend, etc. The inheritance argument is a good one, that's thinking long term. Bitcoin trades 24/7 so no more or less risk to capital if there's a weekend run. Inherent risks - nailed it.
Hard to like black rock, although I don’t think they will implode or anything. But I don’t like how they and majority of others have coinbase as the custodian. We should have be having 1 entity manage so much bitcoin. That’s why I like FBTC because they custody themselves.
Cant speak to IBIT but I do have money in FBTC--Fidelity's ETF--and dont have any major complaints. Unlike IBIT and every other spot ETF they hold their own BTC. One major problem could be the fact they arent open 24/7 so if there is a rush to sell on the weekend that could come back to bite me. Otoh I dont worry about losing keys or getting hacked or getting scammed. And I dont have to worry about passing away suddenly and family not having access to the funds if needed. My wife isnt exactly tech savvy. There are inherent risks to everything we do in life, but I think the ETfs are ok for exposure to the market, imo. Although holding actual BTC is very tempting as well.
Then how did I buy FETH and FBTC in my Fidelity 401k?! You're wrong.
before doing any liquidation, maybe talk to your financial advisor, because Fidelity does hold bitcoin. Fidelity offers FBTC, an exchange traded product for indirect exposure to bitcoin and can be held via brokerage, trust, or IRA. Fidelity also has its own spot crypto trading platform if you want to buy it directly. https://www.fidelity.com/crypto/overview Worth at least sending them an email to find out how to start selling fiat assets, but in a tax advantaged way.
What are your thoughts on IBIT relative to FBTC?
Welcome and it’s a good start. As far as the ETFs go, I personally think FBTC is one I would choose due to fidelitys long history of Bitcoin, as well as self custodying the funds themselves. Would recommend real Bitcoin in a private wallet if you feel comfortable in the future, otherwise I think you are making the right call.
I'm not because if you hold $250,000 in FBTC, the 0.25% annual fee = $625/year, or about $1.71/day. That's less than the daily volatility of Bitcoin and far cheaper than most actively managed funds.
Consider splitting between IBIT and FBTC to diversify your custodian risk.
I have a Fidelity Roth IRA with 100% FBTC and about 25% of my Rollover IRA is FBTC.
Roll it into an IRA and buy FBTC or IBIT
Probably just holding an etf on the companies Robinhood account would suffice. A lot of institutions use the ETFs as a proxy to the real thing so they don’t have to worry about cold storage. IBIT is the biggest but its Bitcoin is custodied by Coinbase. FBTC and BITB custody their own BTC. Definitely learn more about Bitcoin before you use cold storage. Have secure process in place. Don’t come here to learn those process. Learn them on your own through experience and knowledgeable people, not redditors.
How about establishing a self directed 401k plan with Fidelity platform and then selecting FBTC as one of my investment options?
The spot bitcoin ETF’s should be equivalent. FBTC is what I use. HODL is great for adding a small amount of Bitcoin.
Fidelity (FBTC) has a low fee, and holds their own bitcoin which none of the others do. Might be a good place to start looking. But its not leveraged. It's a spot etf.
I can't remember exactly, but I think one of the services (River or Swan) allows you to open up a 401k and hold actual bitcoin in it. They might've discontinued the product, but it used to be in all their commercials. If you don't want an ETF(I prefer FBTC), Fidelity also has a Crypto product. It's basically like a bitcoin wallet account where you buy spot bitcoin directly. You can leave it there or transfer it out. They've had that product for a while, and I'm surprised they don't advertise it more.
Fidelity. FBTC traditional ETF that tracks BTC directly. just a very good and sound company all around. Even my direct BTC, ETH crypto holdings are with Fidelity Crypto and have the fund on top of that in my traditional accounts just for convenience and some diversifying account types. 10/10 would recommend
If you don’t want to use IBIT use FBTC
Go ETHA More liquid than FBTC and FETH
My wife’s BTCETF is the one at Fidelity l—FBTC. She also has an account there and bought it soon after they became available. I went with her to a Fidelity office when the ETFs first became available and “the adviser” tried to put her into the worst shit imaginable. A year later I showed her a chart comparing the ETF against the “safe stocks” they recommended. She got the point right away. Good luck.
Thanks for the FYI. Appreciated. I might just go with FBTC for starters since I have an account at Fidelity until I get up to speed with educating myself on all the terminology (wallet, cold storage, etc). Thanks.
'IBIT'? Does that in any way compare to FBTC? Just curious because I heard about FBTC (only a few days ago) but haven't heard of IBIT.
Would the ETF for bitcoin (FBTC) be worth it as a good option? I have zero understanding with what this whole bitcoin wallet thing is about. I already have a Fidelity account and see that they now not only offer FBTC but is also the only financial house that doesn't farm it out.
VBTC in ASX, IBIT and FBTC on WallSt. (via SMSF)
Mstr is a stock and msty is an etf that follows mstr. Avoid those for now Stick to IBIT, GBTC, FBTC. For eth, FETH, ETHA. These are solid ETFs. You only need 1 of each type. Pro tip: when you start looking at etfs that track spot price, you need to look at 2 things: fees and nav. Fees are just what they charge you just for owning it. Nav is essentially how far the price of the etf has deviated from its true value when compared to spot price. The ones u listed are safe from bad nav so you’ll be fine
Hey don't forget about them tax advantaged accounts. 50% of my IRA accounts are in FBTC/MSTR and 25% ETHE/FETH lmao
I think that if you’re willing to self-custody, it hardly matters which platform you use because your money and bitcoin will only transiently be on the platform. If you’re not planning to hold Bitcoin in a hardware wallet and simply want exposure to its price action, then the ETFs like IBIT and FBTC are probably safer than leaving them on any exchange.
I own 20 shares of Microstrategy (yes, I still refer to them by their original name).....Mr Saylor is just TOO NUTTY OVER BTC for me to ignore. I've still got over 1 BTC on Coinbase and 200 shares of FBTC. I also recently started buying IBIT just for the fart of it. I'm a BTC crab with multiple legs.
BITB is the best choice. Lower fee, 0.2% BITB vs 0.25% FBTC or IBIT And they give back a little to BTC developers.
Do you prefer IBIT or FBTC?
They already do this. I own FBTC and BTC (Grayscale) in my 401k. This is why people need to calm down and look past the hype.
Don't do this. At the *very, very least* see if you can use brokerage link (fidelity) to buy IBIT or FBTC so you're not paying interest on a loan.
I would imagine so, but public sectors do not have access to FBTC nor IBIT. Example is TSP that is managed by Government agency.. your only provided a collection of pre-selected asset risk exposure. This new executive order will open the flood gate for those with these accounts to acquire BTC. How? I’m not certain. Not certain how many other sectors are not exposed to FBTC or IBIT.
It's a circlejerk. They're not convincing anyone. Focus instead on investment subs like r/etf. I always encourage young investors to get a small percentage into IBIT of FBTC as a hedge.
Personally, I'd put it into my pre-tax 401k to get the tax benefit. You'd still have the option of investing those funds in $IBIT or $FBTC, so you'd get the tax benefit and have the Bitcoin.
With the dawn of IBIT, FBTC, and more and more....you will see a constant growth in the value of BTC. Just like the S&P500 when 401Ks were invented. The S&P500 exploded when 401Ks were invented and everyone was putting $ into the fund bi weekly. With the constant, consistent investment into those funds, the value will go up. And now that Trump wants 401Ks to be able to access crypto, REITs, Hedge funds, the sky is the limit.
Unchained facilitates Bitcoin Ira where you control the keys. Annual fee can be less than the expenses on IBIT, FBTC depending your holdings.