Reddit Posts
What is the benefit of self storage and managing wallets when you can just buy a BTC ETF
How I sleep at night after being told FBTC is not my coins.
BTC ETFs went from +$2.4b to +$241m in a week. cooling off or just a breather?
If a Bitcoin fork creates a new asset, what actually happens to it inside IBIT or FBTC?
AI is turning retail into exit liquidity. I sold the $122k top, bought the $65k dip
Does Fidelity FBTC use MultiSig for it's BTC Cold Storage? I know IBIT does indirectly because their custodian CoinBase uses MultiSig
Best way to Sell 4 BTC from cold storage and buy FBTC on WealthSimple (Canada)
Any financial representatives have their entire *brokerage* portfolio in a bitcoin ETF like IBIT or FBTC? Is it allowed?
The 13-day ETF outflow streak finally broke, dip buy or trap
It’s a good time to consider Roth Conversion of BTC ETF
Best account location for a small BTC allocation: Roth IRA, Traditional IRA, or taxable brokerage?
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
Bitcoin is no longer synonymous with self custody. Some people shouldn't be their own custodians, and now, they can get bitcoin exposure with FBTC, IBIT...pick your poison.
You've actually named the strongest argument against just defaulting to the ETF: what happens if you die. An ETF solves that problem by keeping your Bitcoin in the regular financial system. Your spouse deals with a brokerage account, not a wallet. That's a real convenience, and I won't pretend otherwise. What you give up is ownership itself. With FBTC you hold a claim on Bitcoin held by someone else. You can't withdraw it, spend it, or move it if the fund's terms change or an account gets frozen. You also pay that 0.25% every year, forever, for the privilege. Self-custody flips the trade. Nobody can freeze or lend out your coins, and there's no annual drag. The risk you flagged is also real, but it's a planning problem, not a dead end. Written recovery instructions, a backup that survives fire, and a spouse who has actually walked through where everything is turns "gone forever" into a process your family can follow. Decide which one you're actually buying: exposure to the price, or Bitcoin itself. Most people never stop to make that assessment.
It's not free in terms of mental cycles to do everything right with hardware wallets and backups but certainly much cheaper. FBTC charges a 0.25% so on a ~12.4 BTC ($1M) holding you're charged $2500 every year rather than $250 hardware wallet every 3 or 4 years. I recommend and do buy a newer wallet from time to time, same as upgrading a phone from time to time.
Must admit I sleep at night because I own FBTC in my Fidelity account. FBTC owns actual bitcoin in custodial storage. My Fidelity account is insured to 500k
I took moved into FBTC after forgetting my 25th passphrase. Luckily I was able to get my coins back with the help of btc recover. I don’t blame you.
Almost like paying an expense ratio on FBTC
Yeah aside from some shitcoins I am letting run to the moon or zero all my crypto is either FBTC and FETH. I was getting anxious about being able to access my coin. I'm just an retirement investor and not a doomsdayer or currency crazy so this is just better for me. I can buy and sell just like all my other etfs and individual stocks.
I do both. I hold FBTC in a Roth IRA… and I never have to think about it. Self custody is a little stressful especially if you live in a shady area like me lol
No, it's just that, besides exhibiting some control issues (worrying way too much about other's opinions, or even their right to express them), you exhibit some pretty poor reading comprehension as well. My original point had nothing to do with the merits of BTC or FBTC as assets, but about what I believe is the relative security of holding BTC in self-custody versus holding FBTC in a Fidelity account. My disclaimer about not being presently interested was offered to demonstrate that I have no particular bias as a position holder in either. Go back, read carefully.
It's not that weird, really. and disagreeing with your viewpoint is not trolling, per se. I'm not making yo' momma quips or offering vacuous snark. Maybe if you open your mind to free dialogue, you'll stop seeing everything as black and white, or even adversarial? \#1. I didn't search "Bitcoin". Reddit presents things in a feed, without my prompting. If interesting, I might respond. The gatekeeper mentality you present with is really inane. It prohibits couch potatoes from commenting on professional sports that they could never play. It prohibits us from criticizing military expeditions on the grounds that we are not expert Pentagon strategists or trained combat marines. \#2. You don't have MOD next to your name. You're not the arbitrator of who can speak. There is no sub guideline that restricts the right to respond to those who presently hold BTC, or plan to hold BTC, nor those who have a favorable opinion of BTC. If you think it should be so, then please contact the moderators and petition them to change the subreddit's policy. \#3. I've actually held both BTC and FBTC. You wouldn't know that, because you charged right out of the gate, telling me to shut up, instead of having a conversation. Telling others, "don't speak, because your viewpoint doesn't align with mine" is the least possible persuasive tactic you can adopt. You're not debating ideas, you're attempting to dominate and disqualify speech - and therein lies a huge distinction.
That might be so but, as I don't have any interest in crypto directly nor exposure to it through a secondary instrument, I'm not concerned. If I *did* want exposure to BTC though, I would 100% feel more secure with FBTC than self-custody of the underlying.
Ya I’m way less worried with being in FBTC than I was with self-custody.
Honestly, that’s what I did. After getting hit in the coldcard exploit and losing all my coin, I’m in the process of buying back in but through a split between the FBTC and IBIT etf’s.
I invest 500 euros month in $FBTC until 2034 (other 50% on $QQQM). We meeting us in 2034 dude (2040 for you no problem)
So, what do you think about FBTC?
the IBIT vs FBTC split is the most interesting part of this honestly. if one issuer is basically holding up the entire inflow number while others go red, that's not really broad demand anymore, it's concentration. and concentration flows can reverse fast if that one buyer pauses even briefly.
Post is by: ChangeNOW_Community and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wyzrxc/btc_etfs_went_from_24b_to_241m_in_a_week_cooling/ was going through the farside ETF numbers this morning and something felt off week of Sep 21: roughly +$2.4b in. and almost a billion of that was just monday last week: about +$241m. still green on paper, but thats like a 10x drop. and Sep 30 was straight up red, around -$149m the weird part is the split. IBIT still pulled in \~$450m last week, while fidelity's FBTC actually bled about -$168m. so it's not like everyone stopped buying, it's more like blackrock is carrying the whole thing right now honestly not sure how to read it. part of me thinks its just quarter end stuff, funds rebalancing, and oct 1-2 did bounce back a bit. the other part of me remembers that a big chunk of the "number go up" story this year was literally just ETF demand so whats your take, normal cooldown after a monster week or first sign the big buyers are getting tired? *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.*
Check if ithe law applies to ETFs. If not then buy either iBIT or FBTC bitcoin ETF. If the law ever gets fixed, then get back into the real thing.
Back in July of this year I started buying MSTR and FBTC. I had a decent amount of money just sitting in my checking account losing money to inflation. Now I have 486 shares of FBTC and 126 shares of MSTR. I invested all of that extra money that I was willing to invest so now I’m doing $1,000 per week in FBTC.
I have DCA since the top à 115k every month and im just green. Thanks to not say BS. $FBTC : custody storage by Fidelity.
1/ 50% DCA every month on $FBTC 2/ Cash out in 2034.
Unfortunately, as many have comments already, you friend no longer has this money. If you don't feel confortable enough to buy BTC in the regular fashion, you should take advantage of different ETF in the market. Some below and there are more * **iShares Bitcoin Trust (IBIT)**: Managed by BlackRock, this is the largest and most liquid Bitcoin ETF on the market. * **Fidelity Wise Origin Bitcoin Fund (FBTC)**: Offers deep liquidity and uses Fidelity's own institutional-grade custody setup. * **Grayscale Bitcoin Trust (GBTC)**: One of the oldest Bitcoin funds, though it carries a significantly higher fee (1.50%) than its competitors.
If you can’t self custody bitcoin then do FBTC ETF. You got scammed
$730 per month into my health savings account HSA) via FBTC
Bro thats madness. Taxing an unrealized gain is such bullshit. If they arent doing it to stocks you can always buy FBTC or IBIT.
With this level of conviction, take every line of credit available and full-port YOLO on FBTC options, max leverage. It's not every day you come across a random Reddit post guaranteeing risk-free returns.
Every month i buy $FBTC. We meeting us in 2034. Ok ?
I did this recently with an old Roth IRA. I was debating between opening a Roth Crypto IRA or just buying FBTC, but Fidelity's 2% fee on crypto (that you expect to rise) isn't great. I went with FBTC.
Cash it. Tax it. Buy FBTC in a Roth and grow it tax-free. My wife said I’ll just ask my new richer husband.
If you like the inheritance feature and dont want to bother with self custody why not just buy FBTC then? You can also contribute in an IRA and get a tax deduction.
Buy IBIT or FBTC, they likely are better at security than us. Then buy in tax sheltered Roth, hire a good lawyer for inheritance. Use your saved time and stress to make more money and stack sats
1) First read Broken Money by Lyn Alden or The Bitcoin Standard by S Ammous. Know what you're buying and why. 2) Research ways to get bitcoin exposure and hold bitcoin. Know the difference pros/cons between cold storage, custodial exchanges, paper claims on bitcoin such as ETFs like FBTC and iBIT. 3) Once you're comfortable with all this start buying. River or Strike are great for buying very low fee automated bitcoin purchases. ETFs can be bought through any major brokerage. Options for cold storage include Trezor, Blockstream, Bitkey, and many others. Do your own research on what's best. Avoid Coldcard like contagious dick cancer.
You need to have a larger financial strategy What are your goals such as retirement etc. ? Do you have any other high interest debt to pay off? Do you have an emergency fund saved up? Any big purchases planned such as down payment on a house etc? Does your income cover your monthly expenses plus this interest expense? Are the potential gains worth the risk? You may be at a point in your investment journey where the strategy may shift to wealth protection rather than chasing risky growth over a 2 year period. Or maybe you’re early in your investment journey and want to get some quick gains, but risky leveraged debt to chase growth over a 2 year period is risky. If you don’t take the loan, that money you are paying in interest (350 a month) could be put in less volatile long term index funds or you could decide on a pre determined allocation, for me it’s 70% VTI, 10% FBTC, 10% AVUV. At times Bitcoin was closer to 20-25% of my portfolio but now I’m scaling back my allocation. Bitcoin is really interesting and important but I’m not so emotionally stoic where I can put my entire net worth into it, especially bc I have financial goals around upcoming house purchase etc
Yes. Most is in Cold storage. But I recently allocated 5% of my retirement portfolio to FBTC (Fidelity Bitcoin ETF) which is located in my Roth. I put it in my Roth for the tax advantages. A lot of people don't realize that their BTC in Cold storage will still have capital gains taxes when they sell. Also, Fidelity accounts are FDIC backed unlike your cold storage. We all pray that we don't end up like coldcard, but who knows.
I use the ETF. FBTC to be specific. It will sit in my IRA for atleast 20 more years before I begin withdrawing any. That's just my personal strategy - everyone's situation is different.
I just sold all my FBTC yesterdayafter a 24% gain, yeah!
If 1000 BTC, I'd hold 1/3 in an ETF (FBTC or iBIT), 1/3 in Fidelity Crypto and 1/3 in cold storage (collaborative multisig).
I'm in the same boat tech wise so I buy IBIT and FBTC ETFs, then just sell for cash before I need to pay my credit card bill (which pays me back a fee vs me paying a fee).
In 2007, at 19 I worked all summer as a residential counselor at a summer camp. I went to Apple and bought a 1700 Macbook Pro. Bank of America declined the purchase.19 year old me calls the bank confused and they say we declined it because you’ve never spent that amount of money since opening the account. After a few choice words they let the transaction go through. I learned a valuable lesson: when your money is at a bank they ultimately control if a transaction goes through so they have the power. I have never left large amounts of money in banks since that day. The audacity of a bank to protect me from myself. The same way Fidelity required I change my profile to extreme risk and fill out a risk survey to buy FBTC in my brokerage account. I called Fidelity and told them I would not fill out the survey because what I do with my money is none of Fidelity’s business. Fiat is way too comfortable getting in my business. The average person doesn’t understand that this is a privacy invasion and just accepts it. This is how we move towards big brother watching us 24/7. It happens slowly. Anyways, that post way me fanfic but fiat financial institutions do get in your business when you want to withdraw money or buy assets that they deem risky
I hold IBIT and FBTC in my IRA lol
Gonna put all my 401k on FBTC calls
It doesn’t work this way. I have my BTC on IBIT and FBTC but they have it in their wallets and it counts towards their number .
And people insult me for holding FBTC instead of BTC in some flaky wallet
My Monthly DCA until 2034 (50y old) is : 1/ 50% $QQQM 2/ 50% $FBTC We will see in 2034... Its a long road...
Did a bit of evaluating today on both options. Im currently in QBTC on Toronto exchange. For me at the time the nice ETF did not exist but now that they do either will significantly reduce my MER. These particular funds in a TFSA (tax fee) account. What I have noticed about QBTC is the diff between ask and sell is significant, and the depth is not great. Im not a high-frequency person but in any moment I want good liquidity. For my purposes the FBTC (canadian in my case) provides a good delta on buy ask and good depth and enough volume for my purposes. Im going to do the swap Monday as in my case either is a good choice LOL
I hear people say IBIT has more volume than FBTC, but at what amount of $$$ does that actually matter? I'm sure selling $50 million would be a lot worse on FBTC, but does $500k, or even $50k really matter?
I own FBTC in my Roth IRA and it has been a pleasant 2 days. Can't wait to see my balance at retirement. hODL 4 ever
I’m in a similar situation. I wanted exposure to BTC in my portfolio, so I invested the equivalent of 3 coins in FBTC at 63K. I did this because my 457 plan doesn’t allow direct investing in crypto. I’m not going to sell because I believe it will hit 120K by the EOY. One of the reasons I believe this is due to the out of control bond market and the approach the government is taking in buying back the bonds, driving the USD down.
Making 125k a year, but couldn’t afford to buy.. however I diverted 100% of my 401k (10% per paycheck) into FBTC slightly over a year ago. It’s going to pay off now 😆
But isn't consolidation in 1 place silly. I only buy ETFs but I split between FBTC and IBIT since they custody differently.
Jesus people are worrying about self custody for 30 dollars of bitcoin. Please just buy an etf or something at that point, it’s not that serious lol you’re not saving yourself from doomsday by just ‘buying’ it through a trusted institution. FBTC or something wouldn’t have stolen your 26 bucks.
I have a substantial portion of my saving in BTC but I just buy IBIT and FBTC. They custody at coinbase and themselves respectively. There is way less risk compared to trying to be your own bank. I just buy and sell at will on E\*TRADE.
Same. I finally settled on this: approximately 1/3 in an ETF (FBTC in 401K), 2/3 on Fidelity crypto and 1% on my own cold wallet to keep up the self custody skill in case I need to exit the traditional financial system and take full custody at some point in the future.
No chance. Huge financial institutions are all-in. I was on Fidelity.com the other day and on their home page (logged in), they show key numbers like the price of oil, the price of gold, and... the price of bitcoin. Their FBTC ETF is super popular. The powers that be won't let BTC die. I can't speak for memecoins/shitcoins/etc.
Doesn’t IBIT and FBTC both custody their wallets through coinbase? So of the 5 you listed, 3 of those would be vulnerable to a direct attack on coinbase? Sorry this isn’t meant to be a gotcha, this coldcard hack has me confused about what is actually secure storage or if that is even possible on the blockchain
This is why I sold all my coins and buy FBTC now. I trust Fidelity.
We are not in that era. We are entering an ai domination era and defending your wallets, your exchange accounts will give more trouble. Average bitcoin holders are not professionals. It's better to leave it to professionals. I bought FBTC which is running by Fidelity and that's all. You do not have to do something.
Buy bitcoin based etfs like FBTC. It's passive btc based etf running by Fidelity. And you won't worry about your wallet or exchanges.
Should have just bought BRK.B over that same timeframe or maybe bought SCHD, or literally anything lol huge bull market over the past 3-4 years The only way I’d invest in crypto is FBTC, FETH, and FSOL and hold in my ROTH account and long term/ swing trade them
well just to be safe. you never know in crypto world. IBIT FBTC and ARKB they all have similar expense ratio.
If you decided to go with ETF make sure to diversify. like spread your investments among IBIT, FBTC , ARKB tickers.
With all the KYC/AML/SoF BS guarding every on/off ramp nowadays, why not just buy FBTC in brokerage? Other than 24/7 trading, what advantage do you have this way?
Yes. Own IBIT and FBTC within conventional 2 accounts. Then self custody and use a ledger and bitbox02 btc only wallets, and use or have holdings on 3 exchanges
Heres the honest truth: If you just want to invest in it: open a roth ira with fidelity, buy FBTC If you want to trade it: leave in coinbase or kraken and lose it all trading If you want to store for the financial apocalypse: keep in cold storage and hope it doesn’t walk away
Happy to help, I recently sold all of my BTC from my wallet and moved it to the Fidelity FBTC ETF so had to follow those same steps.
I was one of them. This incident was a slap in the face for every joe-schmo hodler like me that barely has a clue what they are doing. I have traded self custody for FBTC. Pretty sure their security setup is better than what I had going on in my 1 bedroom apartment.
I just tell people to buy IBIT/FBTC these days.
Liquidity is not a concern if you get FBTC, IBIT, etc. Fee is also pretty low. It's a small premium that many people are willing to pay in return of not having to deal with private keys.
Dude, you're so young! Mid-30's??!! You have LOTS of time to recover. Dollar cost average whatever you can into FBTC in a Roth IRA at Fidelity. Get on the compound interest calculator and you'll see I'm right - you have time to recover and still retire a millionaire! Besides, money isn't wealth. HEALTH is wealth. If you have it (and presumably you do), you have EVERYTHING. I've experienced Sue Iside in my family OK? It DESTROYS the people that are left. Family, friends etc etc. Whatever pain you are feeling is temporary. I didn't say it doesn't hurt, but it's NOT forever. The pain you'll inflict on other people around you will be PERMANENT. Please I implore you, don't do this.
I like this. I’m is it cheaper to buy on coinbase than Fidelity? Thinking is doing same as you but buying on coinbase first. Also, what’s better doing this method versus just buying FBTC? 🤔
This is my jam also. I previously split between FBTC and self-custody, but since the Coldcard fiasco, I've added Coinbase exchange storage into the mix. I like how Fidelity and Coinbase have separate custody infrastructure, and I feel safer being less concentrated into self custody, which honestly I didn't even feel great about prior to the fiasco.
I do. I have separate wallets and addresses for my self-custody Bitcoin. That doesn't give me enough comfort in of itself though still which is why I hold some on a couple different exchanges and also have some shares of IBIT and FBTC as well
Expense ratio on FBTC is 0.25%. But no buy/sell commissions or fees
I moved my Bitcoin to Robinhood, Strike, and Fidelity. Need to diversify custodians. I also have a bunch in FBTC in IRAs.
Yeah I hold FBTC in my fidelity Roth IRA. It’s purely bitcoin not bitcoin companies. If bitcoin goes up 10% it goes up 10%. It’s FDIC insured so I rest easier having it there as a long term forget about it hold. We’ll see where it is in 20+ years when I retire.
BTCI is a horrible idea. It owns Bitcoin-related ETPs and overlays an active options strategy designed to generate monthly distributions. Selling call options can sacrifice some Bitcoin upside in exchange for current cash flow. It is not intended to replicate Bitcoin as cleanly as FBTC. Not only these reasons but it’s annual fee to own is four times 3 times more expensive. So if your plan own $250k of BTC then you pay $633 annually where as if you own the same amount of BTCI you pay $2500
I sold all my coins last year and bought FBTC in my brokerage. Everyone said "not your keys not your coins" but I don't care, I hate self custody. I sleep well at night.
I also have my BTC holdings spread across multiple ETFS. IBIT FBTC and ARKB. The only way I know how to diversify lol
I always thought airgapped wallets were pointless and stayed with Trezor because their source code is on Github. So glad I did. Thank you God! My Trezor is the older Model T. I’ve been wanting to upgrade for a while and now is a great time. I went ahead and bought a new Safe 5 (btc only) for better entropy than the Model T. Nothing is wrong with the Model T, but I’m not taking any chances after recent events. This also shows that YOU SHOULD NEVER PUT YOUR EGGS IN ONE BASKET. If you’re lucky enough to hold over 1 BTC, split it between a multiple hardware wallets from different manufacturers who have a better reputation (Trezor, Ledger). I also use BlueWallet on iPhone (open source). I keep some on the Strike app (custodial wallet, I trust Jack Mallers) and also hold FBTC in my Fidelity account. Hardware wallets are for long term holds, soft wallets are for spending, and ETFs are for short/medium term holds where I take profit during bull markets. Never put more than 50% in one spot. I’m not saying this is for everyone, but it’s what I do. If one thing gets hacked, you still have at least half your coins still. Stay safe out there friends.
With KYC/AML/SOF requirements at every on/off ramp nowadays, what's the real advantage of holding BTC in a wallet, unless you wanna transact 24/7 or think P2P commerce will be viable if SHTF and government dissolves, along with taxes and reporting. Granted, maybe your coin is non-KYC and you have ways to spend pseudo-anonymously. You'll get SIPC protection with IBIT or FBTC in a brokerage account, and getting a margin loan in lieu of booking capital gains will be quick and easy.
$FBTC team, custody storage by fidelity.
I've been around since 2012. Most people lose money on exchanges because their account gets hacked not because the exchange goes under. I do not like Coinbase as a company but they have the best solution in my opinion if you pair their Coinbase Vault which requires a time delay and two email address signoffs to move funds then pair it with some YubiKeys. Chances of getting hacked are pretty damn minmal especially with the physical YubiKey componet. I wish other Bitcoin only exchanges would adopt this. Cough River, Strike, etc. ETF is exposure is not a bad thing. There is obviosuly a fee associated with holidng it, but speaking as a US person can be beneficial when holding in a tax advantaged account such as an IRA or 401K. There are still shady exchanges out there. But the KYC and many of these exchanges such as Coinbase and Gemeni being publicly traded companies. Trying to compare them to Mt. Gox, FTX and the slew of others ones that went under is just not accurate. With that said I would 1000% diversify how my Bitty custody is done. Even with the ETFs probably splitting between IBIT and FBTC. Final thing to say. Is for the average Joe even if you are all self custody. Chances are you ain't really rich using Anchor Watch and some these premium services. You drop dead your family ain't tech bros and even if they figure out the treasure map you left for the seed phrase. They going to ask their buddy or family friend and they going to steal your stack.
Personally I believe many in Bitcoin community have done a great disservice parroting this idea that people should self custody all their Bitcoin. I am 100% for self custody but no way personally I am leaving everything in a cold wallet. I use Coinbase Vault with YubiKeys, River ForceField, Fidelity Crypto tied to a Roth IRA where withdrawls are deactivated, then own a split of IBIT/FBTC to diversify ETF custodians in retirement and traditional brokerage accounts. Then of course a partial stack in self custody. All this is to diversify the risk, but also if I suddenly drop dead ain't nobody going to be able to figure out the damn treasure map I've left on how to recover the funds my cold storage. Even if they find the seed aint no way they going to know what to do with it and will probably get stolen by some bad actor.
As of August 2026, **Fidelity's Bitcoin holdings (including the Fidelity Wise Origin Bitcoin Fund, FBTC) have never been hacked or stolen**.
So sorry to hear this. I recently transferred all my bitcoin to FBTC for this exact same reason. This number one hurdle to Bitcoin for mass adoption. Don’t despair and remember sats always be worth more than dollars
Diversity how you custody your Bitcoin exposure. Don’t be a squirrel and leave it all in one place. With that said. I’ve said this numerous times. But Coinbase Vault feature is good especially if you pair it with some YubiKeys. For Brokerage Fidelity Crypto is pretty good even though the fees are a little higher. Nice thing is you can open things like Roth Fidelity Crypto accounts if you are in the states and have the Bitcoin exposure with tax advantages. Main thing with Fidelity is just make sure the settings to withdrawal Bitcoin remain off. You might not even be able to withdrawal in a tax advantage account. If you worn ETFs split your holding between IBIT and FBTC. IBIT is Custody by Coinbase and Fidelity self custody’s. All other ETFs are custody by Coinbase except I think Van Eck which uses Gemini. So IBIT has cheapest fees of the Coinbase ones. As far as cold storage not bad to have. But personally don’t want to put everything in one place. Today is the hack but people lose their coin in many different ways house fires, compromised seeds, forgetting them, dying and family unable to recover, etc.
And its trading symbol is FBTC-u.to, which is on the Canadian exchange.
FBTC - it’s by Fidelity. They self-custody their Bitcoin
Fidelity Advantage Bitcoin ETF FBTC.TO
Who said it was my entire stack. Bro you gotta diversify your custody exposure to Bitty. ETFs split between IBIT and FBTC, Coinbase Vault, River ForceField and self custody HW Wallet. Don’t be a damn squirrel and hide all your nuts in one tree.
There is an FBTC traded on the TSE
No sir, FBTC, not Canadian.