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Self custody is the best. If you really have to not own your coins, ETF like FBTC is more secure than Gemini or Kraken. Only hold bitcoins inthe exchanges if you want to trade 24/7.
It probably depends on how hardcore of a crypto nerd he was. And maybe how paranoid he was about security. The lowest level of security, and and easiest to access, would be things like Bitcoin ETF on traditional brokerage accounts. So if he had a investment account at Fidelity or some place like that, and he has any of the symbols IBIT, GBTC, FBTC, etc, then that might be where the value is. But that would be pretty transparent and easily accessible for the estate lawyer to handle. The second lowest level would be keeping funds on a crypto exchange. Binance, Kraken, Coinbase, etc. Almost everyone who deals in crypto has at least one of these accounts because its the easiest way to get funds between crypto and "normal" money. In the past it was very risky to keep funds on an exchange long term due to hacking, regulation, and exchange collapse, but with 2FA and other measures, it's somewhat more acceptable now. The old school and high security way would be to keep your own coins on your own wallets. These are essentially digital bank accounts, that can be accessed through a number of different apps. But you will need a lot more passwords and codes to get to these. it's not just like username and password. It might be a long alphanumeric code, or a series of words that sound like nonsense, or even a text file on the computer that just looks like gibberish. The most secure way would be something like an encrypted hardware wallet. That is something you would need to have physically in your possession (most look like a chunky USB stick) along with whatever authentication means he set up, codes, passwords, phrases, (could even be biometric), in order to access the coins. I would go down this list from easiest to hardest. If you don't find any evidence of the easier ones, then move to the harder ones. In most cases the good thing about crypto is there isn't any ticking clock, other than people throwing away his records where he might have written down the passwords. The valuable coins generally become more valuable over time, and if the security is hard for you to get through, then it would be 10x harder for anyone else to do the same and steal anything. Good luck
Grats! Welcome friend. One thing to keep in mind. I don’t believe you can actually remove your bitcoin from Fidelity, I think it stays in your account. I had the same situation with my IRA / 401k rollover and chose to go the FBTC route. I don’t think either way is right or wrong, but just wanted to make sure you were aware. Like the other asshole in the comment mentioned… don’t sell your Bitcoin for a loss if things get shaky. Stay strong, that money likely can’t be touched for a while anyway, so relax and ride the wave (that’s what I tell myself to prevent freaking out 😎🌊)
100% FBTC in my TFSA to minimize taxes
tldr; Bitcoin ETFs have experienced six consecutive days of outflows, totaling over $2.05 billion, with BlackRock's IBIT leading the withdrawals. Bitcoin's price has recovered to $103,000 after dipping below $99,000 but faces resistance at $106,000 and weak market sentiment. Despite some inflows from other ETFs like Fidelity's FBTC and Ark & 21Shares' ARKB, the overall trend remains negative. The market remains cautious, with Bitcoin likely to trade between $99,000 and $106,000 until a clear direction emerges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It depends. Do you know how to use cold storage? I would keep it in the ETF unless you are withdrawing real bitcoin to your own cold storage wallet. ETF is better than exchange in my opinion. I like FBTC they self custody. Fees can be cheaper with the ETF too initially.
I'm new to it too and moved my IRA into FBTC when the price was around 120k. I've also been DCAing $150 a week into a cold wallet (about 2k invested so far). I also threw 5k into altcoins last week, right before the larger selloff began. I'm down like 15% so far, but I don't care. The way I look at it is although it's volatile, it's also very cyclical so I am pretty certain it will come back much stronger over time. It's also a small part of my portfolio. So yeah...I picked a bad entry point but if I'm in it long term, who cares? I don't think Bitcoin is going anywhere anytime soon and believe it has a future. TLDR - Just ride it out, DCA and hold.
I've seen some chatter that because spot Bitcoin ETFs like FBTC are treated as property, the wash sale rule might not kick in, though tax stuff is always a bit murky. Always interesting to watch how things evolve.
Just moved my IRA in fidelity from all stocks to all FBTC. Volatility makes me feel all funny in my nether regions…
Yup, BTC of course. I suppose I forgot to mention that because investing in alts never crosses my mind. I prefer to keep it simple and safe with BTC. I even max out my 401k Roth and separate Roth on 100% IBIT and FBTC.
What do you guys think about buying Bitcoin ETFs, such as FBTC?
I have half of my bitcoins in FBTC Fidelity ETF
You can buy FBTC through your Fidelity Roth IRA if you want an ETF that tracks Bitcoin. It’s not actual coin ownership, so it may not be what you’re looking for depending on your view of Bitcoin.
I have FBTC in my TFSA and RRSP Also self custody about the same amount.
I have FBTC in my registered accounts.
FBTC is Fidelity’s bitcoin ETF. They hold it in cold storage - as in not on an exchange which represents added risk.
Depends on what danger you are talking about. ETFs are much safer against $5 wrench attacks - as safe as any other financial asset. Plus risks of securely storing your keys / passphrase etc. Of course they are not safe from the tyranny of the government. Plus they may get hacked - but this can be mitigated by diversifying across multiple ETFs: FBTC, GBTC, IBIT, ARKB, etc.
I converted my & my wife's Roth IRAs to 100% FBTC each, along with 30% of each of our Rollover IRAs.
VTI will give you steady consistent results, I wouldn't sell it all. Maybe I'll do 70% VTI and 30% FBTC \* not financial advice
I have mine split between FBTC and BITB FBTC is nice because they custody themselves BITB is nice because they publish proof of reserves
I have heard that Fidelity Crytpo is going to allow transfer to private custody in a cold wallet, soon (if they haven’t already). This is different than their FBTC ETF. Check into that if you want your bitcoin in a tax advantaged account. Otherwise just buy spot Bitcoin with post tax funds on River or Strike and transfer to cold storage (avoid the sh¡tcoin casino that is Coinbase). That’s what I do while also buying stocks in my 401K.
Fidelity is an ok option. I do agree with ETF take. Assuming you are buying Bitcoin to hold decades out until retirement it’s much more cost effective over the long run to eat the 1% spread Fidelity charges through their Crypto IRA than roughly the 0.25% annual fee that IBIT or FBTC would charge especially if you think the price appreciation is going to be significant.
Post is by: Worried-Medicine8713 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/BitcoinBeginners/comments/1of5cc3/breaking_crypto_news/ Bitcoin ETF Inflows Hit $2.1B in Single Week as Institutional FOMO Returns TL;DR: Spot Bitcoin ETFs just recorded their strongest weekly inflows since launch, with BlackRock’s IBIT leading the charge. Meanwhile, on-chain metrics suggest we’re entering a supply squeeze that could rival 2020’s pre-halving dynamics. The Numbers Don’t Lie This week’s ETF data is absolutely bonkers. We’re seeing: • $2.1 billion in net inflows across all spot Bitcoin ETFs • BlackRock’s IBIT alone absorbed $1.3B (that’s more than most altcoins’ entire market cap) • Fidelity’s FBTC added another $520M • Even the Grayscale GBTC hemorrhaging has finally stopped For context, the last time we saw institutional appetite like this was during the initial ETF approval euphoria in January. But this time feels different. Why This Time Actually IS Different 1. The Supply Shock is Real Exchange balances just hit a 6-year low. Combined with ETF buying that can’t be satisfied by paper Bitcoin, we’re looking at a genuine supply crunch. When you factor in: • 1.8M BTC lost forever • Long-term holders refusing to sell • Institutional custody removing coins from circulation You get a scenario where even modest demand creates outsized price impacts. 2. The Macro Picture is Shifting Fed policy uncertainty usually crushes risk assets, but Bitcoin is increasingly behaving like a macro hedge rather than a tech stock. This week’s inflows came despite rising bond yields and a stronger dollar—traditionally bearish conditions for crypto. 3. Corporate Treasuries Are Joining the Party It’s not just ETFs. We’re seeing a wave of companies adding Bitcoin to their balance sheets: • MicroStrategy (obviously) just bought another 7,420 BTC • Two mid-cap companies announced Bitcoin treasury strategies this week • Corporate FOMO is becoming a real narrative again The Bear Case (Because We’re Not All Moonbois Here) Let’s be real—this could also be: • Late-cycle euphoria before a correction • A short squeeze that fades quickly • Institutions front-running Q4 before year-end redemptions The RSI is cooked, funding rates are elevated, and we’re overdue for a healthy pullback. But zooming out, the structural demand thesis is stronger than ever. What This Means for You If you’re already in: This isn’t the top, but taking some profits into strength is never wrong. Consider DCA-ing out small portions if you’re overexposed. If you’re on the sidelines: Waiting for a dip to $50K might mean you’re waiting forever. Time in the market > timing the market, but don’t ape in at local tops. If you’re a degen: For the love of Satoshi, please don’t leverage long here. Yes, the momentum looks incredible, but one liquidation cascade and you’re rekt. The Bigger Picture We’re witnessing Bitcoin’s transition from a speculative tech asset to a legitimate institutional asset class happening in real-time. Whether we hit $100K this cycle or not, the infrastructure and institutional adoption happening now is laying groundwork for the next decade. The ETF flows aren’t just numbers on a screen—they represent a fundamental shift in how traditional finance views Bitcoin. And once that Pandora’s box is open, there’s no closing it. What do you think—are we early to the next leg up, or is this the blow-off top before a brutal correction? Drop your takes below. Disclaimer: This is not financial advice. I’m literally just some person on the internet. DYOR and never invest more than you can afford to lose. *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.*
SPIC ensures the ticker FBTC stays alive even if fidelity goes out or god forbid loses all crypto to a hack. it doesnt ensures the ETF maintains its value. so you can take your worthless FBTC/IBIT certs and trade on schwab or whatever. that said their security (physical & opsec) would likely be way better than a joe-six-packs anyday.
FBTC is an ETP. If you think FBTC takes 35 days to settle then show me proof of that. If you think that Fidelity only has to hold 5% of the customer BTC then show me proof of that.
You do you. I just sold a huge portion of my FBTC and I’ll buy it back at $70,000 or $80,000k. (Basing my prediction off the past 2 cycles that I’ve been a part of) It’s basically free for me to trade it in my Roth IRA and I don’t take any capital gains penalties. I HODL the majority of my stash in Cold Storage too.
FBTC. Fidelity custodies their own bitcoin.
I’m actually in the red for the year on FBTC now. Largely because I DCA’d into into that etf all year long. Just dropped into the red today. And don’t care. I’m DCA again on Friday.
For sure on BTC (ETF) I am split 65/35 FBTC/FETH. I have been considering just adding to the BTC but I have been getting bored. Lol. The investor's worst thing to be is bored.
I know a few ppl who buy IBIT and FBTC.
Like kind in some cases with the BTC ETFs would mean that even though you contributed cash to the ETF, you may be able to withdraw BTC from a BTC based ETF. As an example, I hold some FBTC in a rollover IRA. In theory, if approved, at a point down the road I may be able to withdraw actual BTC. This has not been approved yet as far as I know, but Fidelity has submitted the request to be approved. You are correct about the 59.5 age, although in some cases you can as early as 55. I’d talk to a professional advisor before taking any of these actions. FYI - I am in my 50’s so I don’t have that long to wait to have the ability to withdraw. It may be a deal breaker for you if you have a much longer time you have to wait. Everyone has different circumstances.
Not true with $FBTC, custody storage by Fidelity 🇺🇸
My ETFs are insured. Is the bitcoin in your hardware wallet insured? No way I would trust myself with a hardware wallet. Also do you enjoy paying capitol gains Tax?. My ETFs are tax free growth in my TFSA. Think I will Keep Buying FBTC.
I hear ya brother but it's not worth taking money out of a Roth IRA. Buy FBTC within your Roth IRA and then work on buying Bitcoin with any new fiat you earn. Move it to cold storage. That's what I do
So I have QQQ which I bought which I’m selling for more FBTC but at the same time I want to actually own the bitcoin if that makes sense
I hold some FBTC in a Roth IRA with Fidelity because they have applied to allow in kind exchanges. So in theory, once approved, I might be able to withdraw BTC down the road. Not sure if it will pan out that way, but using a Roth, I could pull it tax free and acquire BTC directly if necessary.
I have both. FBTC in my Roth IRA, still purchase small amounts of BTC on Strike too
This is a great case for owning FBTC, I cant be scammed out of it
I moved my entire 401k into FBTC , if the money is already on the brokerage than why not. Any new money should be cold storage bitcoin imo
It’s confusing, FBTC performance on Yahoo finance is 13.83% YTD
I prefer FBTC but IBIT is fine.
Totally agree — the exposure you get from something like IBIT is miles ahead of holding zero Bitcoin at all. That said, I’m a little biased toward **FBTC** since Fidelity has actually *mined Bitcoin* before and doesn’t rely on Coinbase as a custodian. There’s a deeper level of understanding and commitment to Bitcoin’s ethos there that I respect. But really, at the end of the day, whether it’s IBIT, FBTC, or even a small DCA into self-custody, the most important move is to **get off zero**. Bitcoin exposure in any form is better than sitting on the sidelines.
Totally fair take. The Bitcoin ETFs like **IBIT**, **FBTC**, and **ARKB** have been performing incredibly well since launch — IBIT alone crossed over **$20 billion in assets under management** faster than any ETF in history! If you zoom out, Bitcoin has still outperformed nearly every major index and asset class since inception, even accounting for massive drawdowns. The ETFs just make that exposure accessible for traditional investors who’d rather use a brokerage account than deal with custody themselves. That said, IBIT is great for convenience and exposure, but owning *actual Bitcoin* in self-custody still gives you the real upside: permissionless access, global portability, and true financial sovereignty. So yeah, IBIT’s a solid “gateway” investment — but the endgame is always stacking and holding the real thing.
Sure, only thing is that FBTC gets expensive after you hold 100k+ of it. If & when BTC reaches over 1 million thats $2500 a year for just holding the ETF
fidelity has an bticoin ETF, symbol: FBTC... it's kind of like having custodial access, but really easy to buy and sell at any time. i hold it in a tax advantaged brokerage account, and it's basically a tax free way for me to take BTC gains at any time
tldr; Bitcoin and Ethereum ETFs experienced a net inflow of $340 million by October 14, partially offsetting a $755 million outflow earlier in the week. Fidelity's FBTC and FETH led the inflows, with $132.67 million and $154.62 million, respectively. Other funds like Ark & 21Shares and Bitwise also saw positive flows, while BlackRock’s IBIT and Valkyrie’s BRRR faced outflows. Market recovery remains cautious amid geopolitical tensions and volatility, with Bitcoin and Ethereum prices showing modest gains. The recovery in ETF inflows is seen as temporary amidst ongoing market uncertainties. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yeah, what I don’t get is that people can buy 1 BTC worth of FBTC tax deferred and let it grow for 10-20 years, they will pay fees, but when they hit retirement age, they can sell and buy a full BTC and store it in their wallet and have their “keys”. For people in the US this works best with buying FBTC using a Roth IRA so you can actually have a whole coin worth of funds when you sell. But either way, if someone holds $110k worth of FBTC now, they’re doing well and will be fine in the future. Also, the real trick is buying it in your HSA so it grows tax free and you can spend it on healthcare in the future since we’ll never get that paid for by govt and it’s getting more expensive. Different buckets for different uses, diversify and think long term.
Perhaps with some derivatives or future products, but BTC “SPOT” ETFs like IBIT and FBTC physically hold actual BTC in proportion to all the outstanding shares. This requirement is mandated by the FTC and they underwent a rigorous approval process to be classified as “spot” BTC ETFs, similar to gold spot ETFs, not to be confused with derivatives or other instruments. These ETFs are audited by third parties and indeed hold BTC equal to the amount of outstanding shares. If I were to purchase 10 million in IBIT right now, BlackRock would purchase 10 million in BTC if they don’t already have the necessary buffer in their holdings. They engage in daily buying and selling to match their holdings and we can literally see this in the blockchain. The performance of your spot ETF will be identical to actual BTC, minus the ~0.25% expense ratio. Essentially, you’re using them as a custodian for your BTC and paying 0.25% for this service.
It's not dumb. It's the most relaxing way to get exposure -no need to care about managing your private keys -can sell whenever market is open, tracks perfectly You can choose between IBIT or FBTC
For TFSA and RRSP I don’t know of a current mechanism where you could self custody (btw Coinbase is not self custody and I would not recommend them) If was want exposure in a registered account you are going to be limited. Does this mean buying a bitcoin ETF is a bad idea? No, it’s not optimal but it’s not messily horrible as long as the ETF is legit and decent. Look at a few a read about the difference. Check out FBTC, IBIT, etc.
Unless it's FBTC - that's at Fidelity.
Why does this same stupid question keep popping up. You're going to take a 1.7K penalty and pay at least another 1.7K in taxes. So you will get 14K back maximum. Just purchase IBIT or FBTC with the full 17K. Transfer the money to fidelity, schwab, etc.
Nfa.. you’re young… Keep the 401k/company match. (10% is outstanding) Get some bitcoin expose through FBTC or iBIT, and check into a % off your paycheck automatically withdrawn/sent to bitcoinwell or another platform that will automatically send it to your wallet. And..May the wind be at your back 🤙 Ten years till financially free. Potentially. With good money management. Just a dummy’s opinion
I'm in the same situation, but with 20 years worth of assets in my 401K. It's big loss to pay the tax and penalty, especially if you're in a high income tax bracket. Look into if your 410K allows rollovers to an IRA. You can do that with no tax and no penalty. Use Fidelity Crypto IRA. You can buy actual bitcoin there, in a tax deferred IRA. They have also said recently that they will soon allow private custody of that bitcoin. Another option is a regular Fidelity IRA and buy their bitcoin ETF, FBTC. If you're forced to stay in the 401K, use that as a tax deferred investment vehicle and buy spot bitcoin on the side. Most people with lots of money have multiple investment vehicles. Very few people with significant assets have it all in one thing.
I bought 25 Oct 31 FBTC 105 calls near the bottom…. Monday is gonna be incredible if this rally holds
Use FBTC, it will allow you to get 2x BTC
Did anyone who owns FBTC, IBIT, or any Bitcoin ETF try to trade during the crash and did the orders go through? I’m just curious if institutional Money was able to execute trades
tldr; US spot Bitcoin ETFs saw $2.71 billion in weekly inflows during 'Uptober,' with total assets under management reaching $158.96 billion, nearly 7% of Bitcoin's market cap. Monday marked the second-largest single-day inflow at $1.21 billion. BlackRock's IBIT led with $74.2 million in daily inflows, while Fidelity's FBTC and Grayscale's GBTC saw outflows. Analysts view the surge in ETF applications as a potential opening of the 'floodgates' for crypto ETFs, with nearly 100 crypto-related products awaiting SEC decisions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
My Roth IRA is at Vanguard and it turns out that they do not offer access to ANY bitcoin ETFs… I thought that was interesting but anyway did buy some FBTC in a taxable account.
Try self-custody at least. Maybe just a portion of your funds. You might find out that it's not as bad as you thought, and it'll broaden your understanding of Bitcoin. If you still really don't want to do self-custody after that, then go with an ETF (preferrably FBTC). Unless you're looking to trade frequently, there's no reason to hold on an exchange when you could be holding units of an ETF in a tax-sheltered account.
I’ll probably get downvoted but if you’re new and want exposure you can just get Blackrock or Fidelity’s spot ETFs. I use Fidelity and dollar cost average FBTC and FETH into my Roth IRA. The ETFs will give you exposure while you learn more about exchanges and self custody. Also, don’t get sucked into the hype with meme coins. Just focus on the big names like BTC and Ethereum.
FBTC is easy and Fidelity is a rock solid institution around for decades through many crashes. I agree.
I’d do FBTC instead. That’s what I’m doing and much prefer Fidelity over Blackrocks’s IBIT.
FBTC over IBIT. But both are solid options for a roth 401k or roth ira, outside of that it is still a good idea to obtain as much self custody as possible
I got fired for ten days and took full advantage to move as much as I could out of my 401k into an IRA (direct transfer rollover) then bought 100% FBTC. It has worked well. Try getting fired. But not so fired that you can’t get back to work.
I think this might be an unpopular opinion, but for me, it'd be through a traditional brokerage with a bitcoin ETF like FBTC, I dont trust myself enough with cold storage and I trust institutional brokerage house more than coinbase or whatever.
FBTC > IBIT. Fidelity holds their own btc, IBIT uses Coinbase.
The truth is I own some BTC, but I can't explain it to someone else. Frankly, it does sound crazy. I never understood NFTs. In 2026, I'll open a ROTH IRA and buy FBTC. Already have 2 IRAs.
If it is Vanguard, they won’t let you buy ANY crypto ETF, although apparently if an ETF has a percentage of allocation going to a BTC fund they may allow it but IBIT and FBTC for example are a no-go.
tldr; Spot Bitcoin ETFs in the U.S. recorded over $3 billion in net inflows last week, driving Bitcoin (BTC) to a new all-time high above $125,500. BlackRock’s IBIT led with $1.8 billion in inflows, followed by Fidelity’s FBTC with $691.9 million. Ethereum ETFs also saw $1.3 billion in inflows. The surge reflects growing institutional and retail interest in regulated crypto investments, coinciding with October's historically bullish trend for cryptocurrencies, often referred to as 'Uptober.' *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I was where you're at during the last cycle, I missed the dip, rode the euphoria, rode the crash and really had to stick to my convictions and just turn off the noise until the next cycle. The emotions can be a lot so be ready for that roller coaster. If you're worried about IBIT collapsing, there are other ETFs that you can "diversify" your bitcoin ETF exposure to such as FBTC, ARKB, HODL, BITB, BITO, etc. I would also suggest investing in the real thing. It doesn't have to be significant; it could be $50, but going through the exercise now will teach you a lot and help ease that anxiety.
Monday morning - open a ROTH IRA (possibly with iShares) and deposit $7,000 (the max at your age) buy BTC or BTC ETFs (FBTC or IBIT) and in January invest another $7,000 (again the max at your age) buy more BTC- your ROTH IRA will grow 100% tax free and your 60 year old self millionaire will be very happy with what you did now. Use the rest of your money to open your own business. Nothing better than owning your own business. BUT THE MOST IMPORTANT ADVICE is get out of debt and stay out of debt. Debt is the worst situation you can find yourself in. I am an old Baby Boomer.
I was about to enter a FBTC ETF on Friday after years of avoiding crypto. The cash transfer to brokerage did not land in time, delayed to Monday 😅😅😂
That’s correct, taxes only occur on sold Bitcoin. I have both BTC and ETFs (IBIT & FBTC), I prefer to borrow against my ETFs rather than selling BTC to avoid taxable events.
I just buy when I get paid. I buy 250 or so of FBTC etf with my HSA then whatever is left of the paycheck after funding bill pay account into actual BTC. I work overtime a lot, so it varies.
I’ve asked this before, but why is IBIT the popular choice when ARKB has a lower expense ratio? Have my bitcoin split evenly between ARKB and FBTC due to the self custody.
You don’t understand how theta works it would seem, resetting at a high to 24 month+ leaps on FBTC gives me the ability to own a full coin for less than $35,000
So once it hits 145, drop all my options on FBTC and reset them all to 24 month leaps. Got it.
If you are just starting out you could try a small amount in a Bitcoin ETF like FBTC or IBIT in your Brokerage or Retirement account to dip your toes in the water; ETFs are like investing in stock so if you are familiar with that it will be easy. Then do your own research and see if want to start self custody BTC purchases into a cold wallet, if that interests you.
I buy Bitcoin at Wealth Simple Crypto and I also buy two ETF BTCC and FBTC to 33% each spread the risk
Create WealthSimple account. Buy FBTC in your TFSA.
I switched brokers and sold my FBTC yesterday 😫😭😭. My new broker account isn't open yet and I'm gonna miss this wtf
You don’t need a course. You can buy pure bitcoin on one of the reputable exchanges (Kraken, Strike, River, Gemini; there are many others). Upload ID and a means of payment (bank account #, PayPal, wire, other) and buy some. It’s that simple. Eventually learn how to put the bitcoin in cold storage (Trezor has many easy to understand YouTube’s) but you don’t need to do that today. Think about it when you get to 0.01 bitcoin ($1,000 US) or higher. If you really want to hit the easy button, buy an ETF through Fidelity (FBTC) or Blackrock (iBIT). In USA these can be either in retirement accounts or not (check if available in Canada or if there is a Canadian version). It’s not the purest way of doing it, but you’ll see the same gains bitcoin will (minus a tiny fee). Read one of these two books so you know why bitcoin is a smart investment: -The Bitcoin Standard (Ammous) or -Broken Money (Alden). Both are stone cold classics. You need to know more than simply, “Number goes up.” Listen to podcasts involving people like Saifedean Ammous, Lyn Alden, Lawrence Lepard, Michael Saylor. Avoid anything having to do with sh¡tcoins (any crypto currency other than bitcoin).
Agreed. I keep FBTC in my Roth IRA. I've just started buying small amounts of BTC for a hard wallet
Thanks for the info. I’ll have to look into this. I did not realize they had more than FBTC.
I can and I'm not restricted on the amount but I can only do a rollover once a year which is the problem. So there's no way to DCA into Bitcoin then. So instead I fund my IRA simultaneously and DCA funds into IBIT and FBTC within it. I just wish I had access to Bitcoin right in my 401k but no such luck and I don't see it coming anytime soon
401k? Nice. I have FBTC in my IRA. No 401 options yet for me. And to OP. I’m about 75% BTC.
Bid ask spreads narrow substantially as more liquidity is injected into the equation. You are correct that the underlying fundamentals are still there: still a deflationary asset. My mind wanders to when full synthetic positions with a direct derivative are made available rather than indirectly through the etfs like FBTC. When will we get btc-usd swaps.
Awesome and congrats. My 17 year old daughter recently asked to buy some also, she did (custodial FBTC until 18 then raw coins). She also wanted to put some in a money market and S&P 500 index fund. At the end of 1 year we’ll look back and see which performed best.
More, even if BTC reaches whatever level that whatever fund company, who *just so happens* to also sell ETF’s that invest in BTC (FBTC), it won’t be a straight line up. Lots of fear and greed in between now and whatever it gets to.