Reddit Posts
the "stablecoins up number up" playbook is cooked. $4.7B flowed in since March and BTC barely moved.
Which is better long term: Physical BTC or Tax Differed BTC ETF
Has anybody exchanged much of their VTSAX for bitcoin like FBTC instead?
Capital gains owed for FBTC.TO despite not selling
Why do BTC ETFs track BTC so well but every other crypto ETF is so ... off?
BTC Under $88K While ETFs See Outflows — Holiday Noise or Something Else?
Bitcoin and Taxes: What's Important Now, What Could Matter Later, and Some Overlooked Planning Ideas
🇺🇸 Bank of America will allow its wealth advisors to recommend an allocation of 1% to 4% to crypto assets, starting in January. The bank's advisors will initially focus on four spot bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC.
FBTC in child’s education fund: How much would you add?
Why aren’t FBTC/IBIT and Bitcoin more closely correlated? I thought they were supposed to be 1 to 1?
Thoughts on using a spot BTC ETF to build margin vs. just holding BTC?
My country banned BTC ETF, BTC has ridiculous taxes, what are my options?
Annual Roth contribution or….BTC purchase to cold storage
Does anyone else have their entire Roth IRA in FBTC?
Where to start converting Fidelity investment accounts? Have been orange pilled and need help.
Charles Schwab Likely to Offer Direct Bitcoin Trading/Custody Soon
Sorry Guys, Today's Dip is Sponsored by My Roth IRA
Can someone explain benefits to holding actual BTC vs ETF?
Am I wasting my time with bitcoin ETFs as an NYC resident?
All Bitcoin ETFs 1-year returns lag BTCUSD return
Bitcoin ETF Inflows Surge Past $600 Million for First Time Since May
Employer only allows mutual funds and 1940 act ETFs. What to buy?
Investing in BTC within Fidelity--difference between buying "Fidelity Bitcoin" versus Fidelity Wise Origin Bitcoin Fund (FBTC)
Bitcoin ETFs post strongest inflow since May 2 as investor demand returns
Mentions
To those downvoting, maxing out a Roth and 401k is always a great idea because it's tax advantaged and the money required to max it out is pretty small, like 7k for Roth. Maximum employee elective deferral contribution to a 401(k) is 24.5k, so it won't take much to max that out either. It'll bring a little peace of mind during major bitcoin draw downs. If you get a fat stack going in these accounts and you're feeling bullish, you can always self-direct them into FBTC or IBIT.
im about 45% and growing in FBTC.TO., mind you my portfolio is small but I am trying to take advantage of these prices atm so that % may go up.
Wash sale wouldn't apply to BTC on exchange or peer to peer. Wash sale would apply to paper bitcoin such as an ETF product. Spot BTC from exchange is treated as a commodity and you can buy and sell and buy within the same day. No wash sale. Paper BTC in an ETF such as FBTC/MSBT/IBIT, treated as a security and subject to wash sale rules. Now...can you sell IBIT and buy FBTC much like some do with SPY/VOO? Maybe...
I do this in addition to self custody. The tax advantage is just too lucrative to ignore. I went with IBIT and FBTC and to think if BTC gets to the valuation I expect it to over the next decade all those gains will be tax free. That's worth the risk of a custodian if you ask me
with my age I’m risk averse and recently sold a sizeable amount of shit coin holdings I had and invested it into an index fund. Using that to diversify. I haven’t sold a single sat and nearly half of my TFSA is in FBTC that ll be converting into a boring 10% index fund next bull market while keeping 2 btc forever. I get the holdling mentality but everyone is different. I bought XEQT last September and I’m up 13%. Still beats inflation which odd the point. I’ll use bitcoin gains to add to that. Point is anything you do to beat inflation in welcome
I’m with you on this and probably a tad bit more radical than you. However with my age I’m risk averse and recently sold a sizeable amount of shit coin holdings I had and invested it into an index fund. Using that to diversify. I haven’t sold a single sat and nearly half of my TFSA is in FBTC that ll be converting into a boring 10% index fund next bull market while keeping 2 btc forever
Continuing to DCA into BTC ETFs is not a bad idea at all. Of course, look into self-custody. I have tax advantaged and fully taxable brokerage accounts with Fidelity holding IBIT, FBTC, and MSBT. No trading or management fees. Most of my Bitcoin is real Bitcoin in a multisig wallet but I wanted to have it in my tax advantaged accounts like you and some in a taxable account as a small hedge against my self custody. If and when I sell, I'll sell the etfs first for easy tax reporting. There's the ETF expense ratios that you mentioned to keep in mind but I find those negligible compared to how much I think BTC will appreciate on a 10-20 year time horizon. Id also look into MSBT, the new etf. It has the lowest expense ratio. But even with expense ratios, I think spreads and trading fees (if any) are lower when trading etfs versus trading Bitcoin on centralized exchanges. Perhaps that might make the expense ratios worth it but I havent really thought that out.
FBTC holds their Bitcoin holdings in wallets, so they self-custidy for you. Not optimal, but better than IBIT. But a bit higher fees.
Yeah, I'm invested in FBTC through my TFSA atm
That is what i am currently doing, I am invested in FBTC atm. But looking at moving to a cold wallet and buying some real BTC
You should consider FBTC since they didn't use Coinbase custody. They have their own custody solution. If you want lowest fees then maybe MSBT. The only reason I can think of to buy IBIT over any other option is if you want to sell covered calls. If not then I'd genuinely like to hear why IBIT is superior.
I would just piunt them at a legit BTcc RTF at a reputable brokerage and help them secure their account and activate ACATS transfer lock eg. FBTC at Fidelity. You dont want to be responsible for losing their life savings or they get scammed and you get blamed
I transferred everything to wealth simple and I no longer deal with this bullshit. And I only buy FBTC forward
Sounds like you should be buying spot ETFs until you learn more. IBIT, FBTC, and MSBT.
That and other reasons are why I own FBTC AND FETH etfs.
Thats why get your BTC thru fidelity FBTC.
I don't really care about sending it to someone else. I just hold it as an investment. I also held BITO through a 70% drawdown during 2022-2023. Now I want bitcoin (FBTC) to go to $1M. I never sell. My guess is there are not a lot of 70yr Olds that do this.
You own half a bitcoin's worth of number-go-up exposure. You do not own bitcoin in the "I can send it to a hardware wallet and ruin my weekend with seed phrase anxiety" sense. FBTC owns the BTC. You own shares of FBTC. Still bullish, just not sovereign-cypherpunk.
Hello young whipper snappers. Boomer here. So the other day I bought an amount equal to half a bitcoin at Fidelity. FBTC. Do I own bitcoin?
Yes. I sold 1 btc last year paid the taxes. And maxed out TFSA and RRSP with FBTC. and i bought XEQT ETF with the rest. Next bull run I’ll sell FBTC inside registered accounts and go XEQT all in. 10% yearly in an ETF is good.
I held btcfx before in my retirement account but not by choice. It was the only offering that provided exposure to bitcoin. The problem with these futures related funds are “contango” and the requirement to sell at current price and buy at future prices which is almost like a sell low buy high comparison. There are also fees. I think purchasing IBIT or FBTC is a better approach or even MSTR (if you have the risk appetite) if you believe bitcoin will continue to rise as the world continues to print money at an increasing rate.
SPIC insurance on spot ETFs like FBTC
75% in 2 of 3 multisig wallet. 25% IBIT/FBTC/MSBT
i just found a bunch of neutral-to-positive comments about bitcoin. none of them are deleted. the average post here would get banned there, but it should. all these comments are live now: "There are arguments to be had about allocating to bitcoin within a portfolio but having just Bitcoin and no stocks is not a reasonable plan" "I buy $FTBC but not in my Roth IRA. I’m not comfortable with bitcoin being in my Roth with its volatility. I do believe it’ll go to $200k+ but I’m not willing to bet my Roth IRA on it." "Respectfully I disagree about bitcoin. Definitely higher risk, but I wouldn’t classify it as gambling. I try to keep a small percentage of my investment into bitcoin and not over do it, but I believe it will increase a good amount in the next 4 year cycle." "I have my 401k at a comfortable contribution and max out my Roth. I've been buying $FBTC in the roth last year. Dollar cost averaging for most of the year." "I also own bitcoin, purchased well before the tax man started poking around crypto. I don't stake it, no interest. Just sitting there so the only tax liability is when I sell. I decided it made no sense to buy $1000 worth of bitcoin here and there only to assume all that risk AND get nailed with taxes so I do things like sell weekly/monthly covered calls way out of the money and buy $FBTC with the profits..."
Late but don't listen to that weirdo, he's falling for some kind of reverse survivorship bias. I use Fidelity and prefer their ETF (FBTC) because I can buy stocks AND crypto in one account, apart from opening a Fidelity Crypto account. The price is reliable and the expense ratio is negligible. It's insured and it's not gonna go south. There's no reason not to but the ETF unless you're a central power conspiracist like that dude. Let convenience be your only deciding factor. And honestly, this is not the best place to ask for bitcoin advice due to its cult-like nature, as you can tell. But damn, acting like a know-it-all only to say "do it yourself" whilst being a top 1% commentor is the most Reddit thing I've seen in a while.
Majority I own is cold storage but I also have FBTC in my Roth IRA
I do both. Self custody wallet and then have FBTC and IBIT within my Roth IRA. The tax advantage could be insane in the long run, but also there's risk to consider which is why I also have 2 different ETF's who use different custodians
Oh I certainly have studied it and thoroughly believe in its philosophy, I have some BTC self custody but at the time of starting BTC I saw the benefits of the Roth IRA. Most of my capital is in FBTC but I more and more I am starting to believe that if BTC does go to these heights I think it will, physical BTC will have to have more purposes, therefor more sought after.
I recently hit one “fulll BTC. .66 in cold storage, the rest in BTC ETFs in my taxable brokerage, HSA, ROTH IRA and rollover IRA. I wish I hadn’t bought for my taxable, but I was excited and bought the day $FBTC started trading. I now just do $50 every Monday on River.
FBTC - I'm not interested in making this difficult.
I personally have moved 95% of my traditional portfolio into FBTC, I am confident that in 2-5 years we will reach back to all time highs. Move the 50k now keep dry powder I think we very well may see 60s again but right now is a great time to buy.
From someone who moved 93% of his VOO into FBTC, o think you will be happy in 2-5 years.
Do it. I bought 27500 to fill up my TFSA earlier this year when it was at ~65K. I’m up to 400K cad in bitcoin ETFs (FBTC) in the TFSA. There are tons of good things about this, besides the tax free aspect, ie. if you die, prevent the $5 wrench attack, etc.
Agreed. What’s the fees on Btcx.b? I use FBTC and last I checked they were the lowest of the Canadian bitcoin ETFs
Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1sls8fp/goldman_sachs_just_filed_for_a_bitcoin_income_etf/ Something shifted in the Bitcoin ETF landscape this week that's worth understanding properly, because the headline might not adequately capture why it matters. Goldman Sachs filed yesterday, for a Bitcoin Premium Income ETF. Structure: the fund gains exposure through existing spot Bitcoin ETPs, then systematically sells covered call options against that position: somewhere between 40% and 100% of its Bitcoin exposure at any given time. The premium collected from selling those calls gets distributed as income. Trade-off: capped upside. If Bitcoin rips past the call strike price, you don't fully participate. What you get in return is yield in an asset class that otherwise produces nothing. BlackRock filed a nearly identical product last week. Two of the three largest asset managers on earth, within days of each other, building income-generating Bitcoin products. The first wave of spot ETFs: IBIT, FBTC, MSBT, were essentially "Bitcoin, but in a brokerage account." Clean price exposure products. They attracted people who wanted BTC performance and could stomach the volatility. The income ETF is a fundamentally different pitch aimed at a fundamentally different investor. Retirees who need yield. Fixed-income allocators whose mandates require income-generating assets. Endowments with distribution requirements. The wealth management client who asks their advisor "what does it pay?" These people have been structurally excluded from Bitcoin exposure because Bitcoin pays nothing and swings 40-50% in a cycle. A covered call ETF changes both of those objections simultaneously: it generates yield, and the sold calls provide a partial buffer against downside volatility. [Goldman's fund won't hold Bitcoin directly](https://news.bitcoin.com/goldman-sachs-files-for-bitcoin-premium-income-etf-with-covered-call-strategy/), will be actively managed by named GSAM portfolio managers, and has a launch window of late June or early July after the 75-day SEC registration period. Active management is a meaningful detail here. Goldman is committing ongoing research resources, not just filing a passive wrapper. If you step back: we now have spot ETFs from BlackRock, Fidelity, Morgan Stanley, ARK, Bitwise. Income ETFs from BlackRock and Goldman incoming. Schwab and E\*Trade launching direct crypto trading in H1 2026. The entire distribution infrastructure of American finance is being wired up to Bitcoin simultaneously, in a bear market, while Fear & Greed sits at 11. *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.*
Do the ETFs count, in the eyes of this sub? I bought just over 1 bitcoin worth of FBTC when it launched. The annual expense will gradually chip away a small fraction of that, but the pros still outweigh the cons for me. It’s a 30-year hold.
Eh this is something hard core maxis stand on but it’s not black n white. I have all my Roth in FBTC and sure you can say “it’s NoT YoUR BiTCoIN” but at the end of the day I still use the financial instruments at my deposal
MSBT is going to have 0.14%, IBIT and FBTC have 0.25%
I use FBTC in my Roth IRA for buy and hold
Yep, exactly why I'm thinking of exchanging my Roth holdings from VTSAX to FBTC.
Would be Roth IRA VTSAX, exchanged into FBTC.
Not financial advice, but did you know you can hold FBTC in a Roth IRA? What that means is, come retirement age, zero taxes on any gains.
IBIT from blackrock has the longest track record but .25% expense ratio newly created MSBT from Morgan Stanley will have a .15% expense ratio FBTC is also available from fidelity matching Blackrocks' .25% ER
We're in a Bear market and no one will know where the bottom will be. But yes, there's a good chance that it will drop more. Instead of trying to time it, you can DCA over the next 3 months. By a little bit every other week for the next 3 months. And you might feel a little bit better than buying it all today. No one has a crystal ball. I put FBTC in my Roth because of tax-free growth. But many people on this sub will tell you self-custody only.
much more liquid than FBTC but I use FBTC to write put contracts.
Yes I just got my T3 today from Wealthsimple for FBTC in my non-registered account in Canada and I owe capital gains of around 2% of the value as of Dec 2025 (haven't sold anything). "Based on final reports for the 2025 tax year, the Fidelity Advantage Bitcoin ETF (FBTC) announced an annual reinvested capital gain of **$0.84031 CAD per unit** as of December 15, 2025"
Had the same thought when I started working right out of college a few years ago, and I’ve been maxing out my Roth IRA with FBTC ever since. I’m already well diversified through my brokerage account and my 401k and I hold additional crypto on a hardware wallet (mostly BTC, along with some ETH and SOL). Altogether, about 20% of my net worth is in bitcoin. At 24, I’m comfortable taking on that level of risk. My thinking is simple, Roth IRA is one of the most tax-advantaged accounts available. Why not use it for a higher-risk, higher-upside asset? If bitcoin continues to grow the way it has over the past decade, the tax-free gains could be insane. And if it doesn’t play out that way, I’m fine with it. I’d rather take a calculated risk now than play it too safe early on.
Soooo buy in a Brokerage or IRA? My Roth consists of SCHD, FBTC, FZROX and FZILX
I do write cash secured puts and calls against FBTC. However, I have a degree in applied math and my area is in pde's and mathematical statistics so its in my area.
Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1s7l84p/morgan_stanleys_bitcoin_etf_just_filed_at_014/ Buried in Amendment No. 3 of Morgan Stanley's $MSBT S-1 filing this week: the fee is 0.14%. BlackRock's IBIT, currently the largest spot Bitcoin ETF in the world with \~$54 billion in assets, charges 0.25%. Fidelity's FBTC charges 0.25%. Morgan Stanley just filed to undercut every single competitor in the market on day one. Bloomberg ETF analyst Eric Balchunas' reaction: "Semi-shock." His colleague James Seyffart followed with: "WOW." These are people who track ETF fees professionally. That reaction tells you something. The strategic logic here isn't subtle. [Morgan Stanley Wealth Management oversees roughly $8 trillion in client assets and has over 15,000 financial advisors](https://news.bitcoin.com/morgan-stanley-eyes-dominance-in-bitcoin-etfs-as-its-low-fee-undercuts-blackrocks-ibit/). If they come in as the cheapest option, none of those advisors face an awkward conversation justifying why they're using a competitor's product. It removes friction at the point of sale across an enormous distribution network: one that reaches exactly the demographic still sitting on the sidelines: older, wealthier, advisor-guided investors who wanted Bitcoin exposure but weren't going near a self-custody wallet. Strategy CEO Phong Le ran the numbers publicly: a 2% allocation across Morgan Stanley's AUM would be $160 billion. That's roughly 3x the current size of IBIT. Even a 0.5% allocation starts moving markets. Launch is expected early April according to Seyffart. Coinbase Custody and BNY Mellon are the custody and administration partners. NYSE Arca listing notice already filed. All of this happening while Fear & Greed is in single digits and BTC is 44% off ATH. Every major piece of institutional infrastructure keeps getting built in bear markets. This is now the third time that's happened in this cycle alone. BlackRock spent two years building the dominant Bitcoin ETF. Morgan Stanley filed to undercut them on fees before their first day of trading. Welcome to the fee war nobody saw coming. *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.*
Imo ignore the BTC purists that are all BTC in cold storage or nothing. There are many more people who lost their coins via mishandling via self custody vs centralized exchange collapses. The wild west days of MT GOX are over imo. Stick with FBTC or IBIT and you'll be fine.
Yes. But the point is, it can be any exchange, and you can pick one on the day you sell. You trust the exchange for 0.01 btc and for an hour or so. ETF is tied to a company, and if Blackrock fails when you are holding IBIT, your coin is gone. You can't automatically turn them into FBTC.
I dont spend it. If I ever need to or it makes sense (e.g. lots of profit and I want to pay off my house), I'll send it to an exchange. But maybe once I do, the landscape will allow a lot more ability to transact directly with Bitcoin. 10% of my stack is IBIT/FBTC. I'll liquidate some of that to get myself something nice eventually and let my brokerage track the cost basis for taxes.
No, it's only a wash sale if you sell a spot ETF, like IBIT, and then buy the same ETF right away (before 31 days has elapsed). The grey area is whether we can sell a spot ETF, like IBIT, and then buy another spot ETF, like FBTC, without waiting 31 days. Some financial pros say that strategy is not a wash sale because they are different securities, operated by different companies, and some say it is because they both track the exact same asset. Personally, I solved this problem by selling some IBIT at a loss and then purchasing MSTR with the proceeds.
Stupid for many reasons. One you want to be properly diversified and allocated in your tax advantaged accounts. I don’t care what anyone here says BTC is a very speculative asset. Another angle is that if you buy FBTC you are not buying BTC and you have to pay a continuous management fee
My Roth is about 65% FBTC. 20% of the remainder is some form of MSTR. The final bit is a typical retirement mix.
Not sure about BTCX.B since they're Canadian based, but FBTC is US based so no.
uhh damn that's a bit concerning. would someone investing in FBTC or BTCX.B need to be worried about this?
I did, for a decade. For me the cons of hardware wallets and crypto exchanges began to outweigh the pros. Holding FBTC in my brokerage makes it so much easier to designate beneficiaries and include in a will. I still have not seen a reliable method to bequeath bitcoin to multiple descendants without the risk of a single trusted party taking the entire stash. Crypto security is also an ever-changing field, and I grew tired of following it. Every 2-3 years the previous recommendations become obsolete, and there is a new "best" hardware wallet and method to securely transfer BTC. Once my holdings became a significant part of my net worth, the risk of a loss or single typo upon transfer became too stressful. I understand those factors don't apply to everyone. But they do for me and atleast a few others. There are legitimate reasons to hold the ETFs instead.
I was 100% FBTC in my Roth. Then I sold it and went 100% MSTR.
Not listen to the naysayers, if you truly believe in bitcoin and see it as the best asset then yes do it. I also personally have 100% of my Roth in FBTC. I feel more at peace than when I was “ diversified”
You could at least roll with IBIT and sell some CCs. The volume is much better than FBTC.
Best - buy BTC directly Best option if you can only buy ETFs - If you have to buy ETFs because of brokerage or self directed 401k, FBTC
If Coinbase has an issue as a custodian then I'm safe with my FBTC. If Fidelity has an issue as a custodian then I'm safe with IBIT. I see that as mitigating risk from not having all your eggs in one basket. I don't understand how you're saying it increases risk
There are ETFs that don't use Coinbase, or any third party at all. For instance, BTCC has been listed on the Toronto stock exchange since 2021, trades in both US and Canadian dollars, and all the bitcoin is held in cold storage by the ETF issuer themselves. I think FBTC from Fidelity is similar, and US listed.
I don't personnally have an opinion on Coinbase (never used them myself), but seeing that many coins in the hands of one custodian is increasingly concerning, I think. For that reason alone, I'm choosing FBTC over IBIT.
I'm actually in a similar scenario to you. I recently fired my financial advisor and I'm going to self-manage my retirement accounts including my 401k, 2 Roth's and a brokerage. I have decided to allocate 5% to bitcoin, which will go in my Roth because of its high growth potential. The ETF I am going with is Fidelity Bitcoin fund (FBTC). The reason I'm choosing Fidelity is because they are one of the most established and largest financial institutions in the country. If Fidelity goes down, then we are all completely screwed anyways. They are a well established company. Can I say for certain that they won't get hacked? No I can't. The one thing I don't like about this ETF is the expense ratio of 0.25%. it doesn't seem that high, but when compared to the other vETFs like VTI it's quite a bit higher.
IBIT uses Coinbase for a custodian. With FBTC, Fidelity holds it themselves. So my strategy is to mitigate the custodial risk at least somewhat by buying both equally into my Roth. I also custody my own Bitcoin as well and more of it, but find the risk personally acceptable and didn't want to deny myself the huge potential benefit of holding Bitcoin ETFs within my Roth. Everyone's risk tolerance differs and some aren't tolerant of the risks associated with Bitcoin ETF, while others like myself are
What if FBTC “moons” and drops before you’re eligible for a penalty free withdrawal? Just curious before I also have time before penalty free withdrawals.
Selling naked FBTC puts and buying FBTC shares with the credits
Yes, that is my strategy on the Fidelity platform as well. I'm actually also considering some MSTR to go with the FBTC in my Roth since, if it hits, I'm going to enjoy those tax free gains and withdrawals 🤑
Yep. Long term hodler since 2016. I switched over the FBTC when it launched and have zero regrets. In addition to the real issues you listed, my other concern had to do with wills, beneficiaries, and inheritance. That is all so much easier with assets in a brokerage. No judgement towards anyone who sees it differently. I used hardware wallets for years myself. Just explaining the rationale for my personal choice.
That’s what I did today, should my stocks in my Roth to buy all FBTC, did op get rid of this Roth entirely?
Not necessarily. Robinhood allows the purchase of spot BTC as well as Bitcoin ETFs that go by tickers such as IBIT, FBTC, GBTC, ARKB, etc.
If you are buying Bitcoin on a cryptocurrency exchange, there are no wash rules. Selling a spot Bitcoin ETF at a loss and repurchasing it (or another spot Bitcoin ETF) within 30 days does not trigger the wash sale rule, unlike with traditional securities. (IBIT, FBTC for e.g.) Important caveat: This treatment applies only to spot Bitcoin ETFs structured as grantor trusts. Bitcoin futures ETFs (like BITO), which are structured as Regulated Investment Companies (RICs), **are** subject to wash sale rules because they are classified as securities.
When it seems like the market is overstretched, I might trim just enough so that I won't feel stressed if a pullback occurs. I.e., if I have any large expenses coming up, make sure I'll be able to cover those. Mostly this is with my play money though. I dabbled with MSTR options over the last few years and those did quite well and I sold them when they were well into the money. I also have some FBTC in my IRA brokerage account. I don't consider that real bitcoin (not my keys) , and there's no tax penalty for selling, so I can trim that position a little too. However, my cold storage is receive only - once I deposit there, the bitcoin is not coming out until I have no other assets - I assume it will be decades from now. Timing the market is risky when you already have a long-term winner and nothing is forcing you to sell. It's better to find your zen and become at peace with the volatility. I don't think any long term holders (8+ years) regret just sitting tight.
tldr; U.S. spot Bitcoin ETFs experienced a resurgence with $458 million in daily inflows on March 2, marking the first positive day of the month after a four-week outflow streak. Weekly net inflows reached $787.3 million by February 27, reversing a $2.48 billion outflow. BlackRock's IBIT led with $263.2 million, followed by Fidelity's FBTC and Bitwise's BITB. Institutional demand appears to be driving this recovery, with U.S. funds now holding approximately 1.5 million BTC, about 7% of the maximum supply. Bitcoin prices rose to $67,000–$68,000 amid this ETF-driven accumulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
50% BTC, 25% MSTR, 25% FBTC (Roth IRA)
I've been DCAing in River for free and having it auto transfer to my Fidelity crypto account every 0.01. I also get FBTC in the 401k, roth 401k, roth IRA, and HSA through fidelity. I like everything in one place also. Also opened up a crypto Roth IRA this past year as well.
What's the advantage of a crypto account with Fidelity vs FBTC?
should allocate it to BTC? YES All at once? NO you could do 75% a BTC etf like FBTC then for draw downs add some non correlated assets that are STACKED on top of bitcoin. $RSSX is Sp500, Gold, and Bitcoin all in one. $BTGD is bitcoin and Gold. $OOQB is Nasdaq and Bitcoin. $OOSB is Sp500 and Bitcoin. That way you are still living on a bitcoin standard but you get diversification...in a way that you wont regret if if Bitcoin runs as you'll still benefit from it's upside while having some cushion on drawdowns Source? I made it all up (jk those are real tickers, DYOR)
I already do all that and this is to go 100% to FBTC, within the 401k. I am trying to figure out if there is a long game with bitcoin, or if the risk is too high. With the stock market, there is a guaranteed long game.
I like FBTC because they custody their own Bitcoin. If there is ever any new forking drama in the space I think they will have a more nuanced opinion than other funds.
Since youre basically talking about an ETF for BTC I’d take 200k and invest it into FBTC when it hits 50k so you have 4. If BTC historically has a 4 year ATM/bottom cycle sell them in a couple years at 200k. You would still have 600k that would be following the normal growth and potentially an additional 600k in a couple years. You can repeat this cycle or just have 1.2mil in VOO in a couple years
Have already done four different 401k rollovers in the past 3 years with another one settling right now to grab Bitcoin in the 60s Absolutely no regrets! Very excited to get this next buy in Am also buying FBTC because Fidelity actually holds their own keys. Setting a good example
I used to use IBIT but dumped all of that to FBTC because I trust Fidelity. I have large allocation in FBTC and MSTR. I worry somewhat but I think it is the right play for the next 5 to 10 years and beyond for that matter. I'm accumulating in fidelity tech mutual funds and S&P 500 as well.
For me, it comes down to who you trust. FBTC has does in-house custody, meaning Fidelity holds thier own coins. IBIT by Blackrock uses Coinbase to custody the coins. Coinbase has cooperated with oversight and been around a long time, so that is who I am most comfortable with. Also, IBIT holds significantly more BTC. They both track the BTC spot, so performance-wise they should be the same. You said the money isn't for you. Just FYI, if there are minor dependents, you can look into setting up a custodial Roth. These were 100% IBIT for me.
Okay, I think I’ll do this. $35K in IBIT and $35K in FBTC. Thank you everyone
I didn't see this said sooo... You might want to consider not just FBTC. Ya never know when someone might abscond with the BTC. For that sum you'd want to at least pick 2 or 3 firms so you can't lose it all on one big fraud. Also, BTC cannot rise faster than USD markets forever. You might want to consider doing 50% and making sure your other 50% is globally diversified. At this price though, I'd say 100% in the morning would have been good ;) I'd be worried about the long term and personally can't imagine going beyond 75% BTC in a 401k account. How else will you ever need to rebalance?
Of course. Thank you, a good result is this is that I am now thinking of IBIT instead of FBTC. But I wonder if there is any real difference?
No cash out, conversion (dump) into FBTC.
I wrote puts when it bottomed out on FBTC. Today is pay day for the premiums are wiped out pretty much. If I get assigned I dont care its just more btc. I would just DCA the dip though.