IBIT

coinfeeds-bot

tldr; BlackRock has accumulated over 3% of Bitcoin's total supply, equivalent to 662,500 BTC, through its iShares Bitcoin Trust (IBIT), launched in January 2024. This makes IBIT the fastest-growing ETF in history, reaching $72.4 billion in Bitcoin exposure within 341 days. BlackRock's move signals a shift in institutional adoption of Bitcoin, framing it as a legitimate, long-term portfolio asset. While this institutional involvement may stabilize Bitcoin's market, critics warn it could introduce traditional financial risks and centralize control over the decentralized asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ethicles

If you have 20 years and your plan is to dollar cost average and not touch it, then I would do 75-90% IBIT and 10-25% IVV. Or replace IVV with ITOT or something similar since it mostly performs the same as the S&P 500. That being said, not financial advice. I personally like simplicity.

FazzleDazzleBigB

I just got that card a week ago. 2% into my Roth seemed like a sweet deal, which I’ll mostly turn into IBIT, with the final step being (hopefully) live long enough to hit retirement age and enjoy my bitcoin sans taxes

Known-Respect9935

My portfolio is diversified, i bought some BTC, some IBIT, some FBTC, and some MSTR

acorcuera

I have a small portion on Coinbase but I prefer IBIT for the convenience.

ffihjjvrhj

ETFs, MSTR included in the Nasdaq, I’m pretty sure Blackrock is the biggest holder of BTC, small companies like GameStop or Steak n Shake using/investing in BTC. IBIT is the fastest growing ETF ever made, quicker than gold. Let me see you move $1,000,000 worth of gold at the speed of light for cheap compared to what it would take for physical gold. Also, unrelated but stable coins would allow the USD to essentially export american dollars to other countries so they can use them via stablecoins on the ETH or SOL blockchains. This would benefit the US and benefit other people in countries with high inflation and currency debasement. There’s probably more but thats all i can think of rn

Visual_Building_1666

Thanks...I WAS wondering this, since he doesn't say in this video. Funny, I have A LOT bigger percentage of IBIT in mine.

CompetitionOptimal42

Build your btc portfolio to focus more on growth. MSTR for leveraged btc.. MSTR/IBIT options for even more leverage.. MSTY or covered call strategy for income. The volatility is a feature, use it.

cd80808080

I have a nice base of bitcoin on a cold wallet....now days i just buy IBIT for my roth $7,500 per year...for the tax play.

CompetitionOptimal42

30% is great! Start there and adjust it as you want. I started at 1% and I’m now 100%. My bitcoin portfolio: 50% MSTR 30% BTC cold wallet 10% MSTR/IBIT options 10% MSTY

biophysicsguy

4. All of the above. I keep the majority of my BTC in cold storage because I know the risks associated with exchanges or banks: I had an account with BlockFi. While I know the risks I’m willing to take some risk. I have some MSTR because I believe they will continue to increase BTC per share and will become one of the largest companies in the world. Their fixed income products will be huge. If you believe in Bitcoin for yourself why not believe in a company that embraces and understands Bitcoin. I own some IBIT too because at some point in time I may want to sell some covered calls on Bitcoin.

CompetitionOptimal42

Yep, that’s the move. I prefer running them on MSTR over IBIT because the higher IV pulls better yield. But ~1%/mo with 15 delta is solid especially if you’ve got size or want to hedge the btc chop. At this point, btc is the hurdle rate and any additional yield you can scrape on top is the alpha.

Visual_Building_1666

WOW. So you are the all of the above guy. I kind of figured that EVERYONE would be represented here. Question: I'm wondering on the covered calls, it seems that I can sell IBIT at about a 15 Delta to make a little under 1% a month...not a lot, but I guess it adds up. Thanks

CompetitionOptimal42

Preferred set up depends on your personal goals but my current allocation is: 50% MSTR 30% BTC cold storage 10% MSTR/IBIT Options 10% MSTY. As I trim MSTR/Options I’ll rotate more into BTC.

undecidedusernameaz

IBIT

Hankarino

About 1750 IBIT shares per btc at the moment.

Visual_Building_1666

Personally, I don't want the hassle or risk of holding BTC myself, and I have Roth accounts, so I have IBIT. I may start selling covered calls on it as well, while holding onto the shares. And I've been thinking about buying some MSTR, but haven't yet.

acorcuera

Yes along with alt coins on an exchange but 95% of my BTC is in IBIT. I feel more comfortable with buying, holding and selling securities.

Obvireal

I’ve got IBIT MSTR MSTU SMLR MARA NAKA ASST CEP FAAS TSLA CORZ CLSK CRCL TZUP and some FLD. Hahahaha😈 Treasuries for the win🚀

acorcuera

I’m 20/40/40 PLTR, IBIT, MSTR. My strategy is that I’m going to live off PLTR. Not touch my IBIT and MSTR unless I have to. If I do, borrow against my IBIT. My kids will get the balance.

diarioechohumo

Easy! I'm sharing my full Bitcoin income strategy using IBIT, designed to work through market cycles, generate cash flow, and minimize taxes over the long term. The strategy is built on the 500-day halving theory, covered call income, margin management, defensive hedging during bear markets, and the principle of never selling the core position. Here's the deep breakdown: I started with \$300,000 in capital: * \$60,000 in a Roth IRA, fully invested in IBIT * \$10,000 in a Roth 401k, invested in SPY * \$230,000 in a taxable brokerage account, fully in IBIT I also borrowed \$165,000 using margin to increase my IBIT exposure. That brought my total IBIT position to \$455,000, at an average cost basis of about \$57/share. Each week, I sell covered calls on my IBIT holdings, targeting around 0.10 delta. Historically, this type of strategy yields around 15% annually. On \$455,000, that generates approximately \$68,250 per year in premiums. Here's how that breaks down: * About \$9,000 in premiums come from the Roth IRA and are completely tax-free * The remaining \~\$59,250 come from the taxable account and the margin-funded shares Margin costs me 5.25% annually on the \$165,000 borrowed, which is about \$8,662 per year in interest. I pay this interest using a portion of the premiums collected from the weekly call sales. After interest, my net premium income is approximately \$59,600 per year. Of that, \~\$50,600 is taxable and \~\$9,000 is tax-free. Importantly, I apply the after-tax, after-interest portion of the premiums—what I call "net net income"—to gradually reduce the margin balance itself. Over time, this means my debt is shrinking while the asset value of IBIT potentially grows. Even before a cycle peak, I’m reducing risk in the background without selling any shares. In addition, from my full-time job earning \$56,000/year, I contribute approximately \$600/month to my investment accounts. This ensures I meet the annual Roth IRA contribution limit while slowly boosting my long-term tax-free holdings. I contribute 6% of my salary to my Roth 401k, and my employer matches 4% into the same Roth 401k. Because of my combined salary and taxable option premium income, I land in the 24% to 32% federal tax bracket, plus California’s 9.3% to 11.3% income tax bracket. On the \~\$50,600 in taxable premiums, I expect to pay around \$22,000 to \$25,000 annually in taxes. But here's where the real strategy kicks in: My core principle is to never sell IBIT. Instead of realizing capital gains, I generate weekly income from covered calls while allowing the ETF to appreciate. This avoids triggering taxable events related to selling. The only time I'd realize a gain is if I get early assigned on a call and my shares are called away. If that happens, I’ll check the holding period. If I've held the shares for more than one year, I qualify for long-term capital gains; if not, I try to avoid assignment by rolling the option out and up. If Bitcoin crashes before the expected ATH window, I have a contingency plan. I can sell a deep in-the-money LEAP call at a much lower strike than planned—perhaps even \$25 or \$30—depending on the price at that time. This allows me to raise enough capital from the LEAP premium to pay off the margin and eliminate interest payments. I don’t panic sell IBIT. Instead, I use the premium income and the LEAP structure to manage downside risk while keeping my core holdings intact. When the market reaches its expected peak (based on the 500-day post-halving theory, which puts the next top around September 2025), I plan to sell a deep-in-the-money (DITM) LEAP call, such as a Jan 2027 expiration with a strike around \$30 or \$40. If IBIT reaches \~\$100/share by then, a DITM LEAP can yield a very large premium, potentially \$50+ per share. Selling this LEAP gives me a large upfront cash inflow without actually selling my shares. I use that LEAP premium to fully pay off the \$165,000 margin balance. That eliminates interest costs and removes margin call risk entirely. Most importantly, because a LEAP sale is an open position, I don’t pay taxes on that premium until one of three things happens: the LEAP is assigned, expired, or closed. Until then, it's unrealized. This is key: I remove debt at the market top, neutralize risk, and defer taxes. I can then continue selling weekly calls on any uncovered portion of my IBIT, generating more income even after locking in the top through the LEAP. During the bear market phase (typically about 12-18 months post-ATH), I accumulate cash from call income. I do NOT DCA blindly. Instead, I hold and wait. When we hit deep bear market lows (expected late 2026 or early 2027), I plan to buy more IBIT or rotate into leveraged ETFs like BITX, or long-term LEAP calls on IBIT or MSTR. This aggressive reinvestment during fear phases is how I compound over multiple cycles. The strategy I follow during the bear market is almost identical to what I do in the bull phase, but inverted. I shift from selling calls on IBIT to doing the same with inverse instruments. I apply the same covered call strategy to positions in inverse ETFs like SBIT or BITI, or use shares of inverse MicroStrategy proxies like SMST or MSTZ. I sell weekly calls against these bearish instruments while they appreciate in a declining market. This provides income during downtrends and gives me even more cash to deploy when the market bottoms out. The account structure is also intentional: * Roth IRA: tax-free growth + tax-free weekly income from calls * Roth 401k: tax-free SPY growth * Taxable: income and appreciation with margin flexibility By combining this structure with cycle-based timing, I avoid taxable sales, maximize cash flow, defer realized gains through LEAPs, and only reinvest at the deepest value points. This isn’t financial advice, but it is my real strategy: full-time job, low lifestyle cost, Bitcoin ETF compounding, option income, responsible use of margin, applying premium income to reduce debt, contingency planning for early crashes, bear market hedging, and cycle-based patience. I’m not trying to time days or weeks. I’m trying to own time itself.

diarioechohumo

Easy! I'm sharing my full Bitcoin income strategy using IBIT, designed to work through market cycles, generate cash flow, and minimize taxes over the long term. The strategy is built on the 500-day halving theory, covered call income, margin management, and the principle of never selling the core position. Here's the deep breakdown: I started with $300,000 in capital: * $60,000 in a Roth IRA, fully invested in IBIT * $10,000 in a Roth 401k, invested in SPY * $230,000 in a taxable brokerage account, fully in IBIT I also borrowed \$165,000 using margin to increase my IBIT exposure. That brought my total IBIT position to \$455,000, at an average cost basis of about \$57/share. Each week, I sell covered calls on my IBIT holdings, targeting around 0.10 delta. Historically, this type of strategy yields around 15% annually. On \$455,000, that generates approximately \$68,250 per year in premiums. Here's how that breaks down: * About \$9,000 in premiums come from the Roth IRA and are completely tax-free * The remaining \~\$59,250 come from the taxable account and the margin-funded shares Margin costs me 5.25% annually on the \$165,000 borrowed, which is about \$8,662 per year in interest. I pay this interest using a portion of the premiums collected from the weekly call sales. After paying interest, my net premium income is approximately \$59,600 per year. Of that, \~\$50,600 is taxable and \~\$9,000 is tax-free. I also work a full-time job earning \$56,000/year. I contribute 6% of my salary to my Roth 401k, and my employer matches 4% into the same Roth 401k. Because of my combined salary and taxable option premium income, I land in the 24% to 32% federal tax bracket, plus California’s 9.3% to 11.3% income tax bracket. On the \~\$50,600 in taxable premiums, I expect to pay around \$22,000 to \$25,000 annually in taxes. But here's where the real strategy kicks in: My core principle is to never sell IBIT. Instead of realizing capital gains, I generate weekly income from covered calls while allowing the ETF to appreciate. This avoids triggering taxable events related to selling. The only time I'd realize a gain is if I get early assigned on a call and my shares are called away. If that happens, I’ll check the holding period. If I've held the shares for more than one year, I qualify for long-term capital gains; if not, I try to avoid assignment by rolling the option out and up. Now, when the market reaches its expected peak (based on the 500-day post-halving theory, which puts the next top around September 2025), I plan to sell a deep-in-the-money (DITM) LEAP call, such as a Jan 2027 expiration with a strike around \$30 or \$40. If IBIT reaches \~\$100/share by then, a DITM LEAP can yield a very large premium, potentially \$50+ per share. Selling this LEAP gives me a large upfront cash inflow without actually selling my shares. I use that LEAP premium to fully pay off the \$165,000 margin balance. That eliminates interest costs and removes margin call risk entirely. Most importantly, because a LEAP sale is an open position, I don’t pay taxes on that premium until one of three things happens: the LEAP is assigned, expired, or closed. Until then, it's unrealized. This is key: I remove debt at the market top, neutralize risk, and defer taxes. I can then continue selling weekly calls on any uncovered portion of my IBIT, generating more income even after locking in the top through the LEAP. During the bear market phase (typically about 12-18 months post-ATH), I accumulate cash from call income. I do NOT DCA blindly. Instead, I hold and wait. When we hit deep bear market lows (expected late 2026 or early 2027), I plan to buy more IBIT or rotate into leveraged ETFs like BITX, or long-term LEAP calls on IBIT or MSTR. This aggressive reinvestment during fear phases is how I compound over multiple cycles. I also don’t sit idle during down markets. I’ll consider inverse BTC ETFs like SBIT to profit from the downside, or use puts or inverse ETFs on MicroStrategy like MSTZ or SMST. I hedge actively and build war chests during bear phases. The account structure is also intentional: * Roth IRA: tax-free growth + tax-free weekly income from calls * Roth 401k: tax-free SPY growth * Taxable: income and appreciation with margin flexibility By combining this structure with cycle-based timing, I avoid taxable sales, maximize cash flow, defer realized gains through LEAPs, and only reinvest at the deepest value points. This isn’t financial advice, but it is my real strategy: full-time job, low lifestyle cost, Bitcoin ETF compounding, option income, responsible use of margin, and cycle-based patience. I’m not trying to time days or weeks. I’m trying to own time itself.

CriticalCobraz

*"IBIT has surpassed the $70 billion mark five times faster than the gold-based GLD product"*

TheBakedGod

Yes, Coinbase is the custodian for IBIT, as well as most of the other BTC ETFs as well.

Fly-Ry

Why? I prefer BITB where the expense ratio is lower, There's plenty of volume in BITB. I could actually do both I have exposure to IBIT also. Just wondering why you think options on i bit are better than BITB? Are you trading options at all, I don't want my shares to be called away, how could I live with myself, a sell out paper hands yolo my 401k into the ETF wsb style.

LetWinnersRun

If you are going to trade options on Bitcoin ETF, it needs to be IBIT.

roughrider12321

1. You wouldnt have a job anymore. 2. Your $50k would be closer to like $35k after penalties and taxes. 3. You only have $50k in retirement, why would you give up steady income for that? 4. Buy $IBIT

astockstonk

Why not just invest in IBIT in the 401k and keep your job? You can invest your non-retirement money in actual Bitcoin.

dmendel305

M1 invest in the ETF IBIT. Yes you don't have self custody but you mitigate all your other issues. Even with itrust you don't have self custody

GapeJelly

You can buy IBIT instead of BTC from an exchange. When btc goes up, sell a covered call option instead of selling the shares. If you correctly call the top, you will collect and keep the premium without ever selling your shares. So you will only owe tax on the new income without triggering capital gains on your holdings. Then when btc dips, you can sell a cash covered put to do the reverse, and if you correctly predict where btc stops falling, you again collect the premium. All the while still holding all your shares and all your cash. But your risk is if you are wrong about the top, you will end up selling your shares and paying the taxes on all of it.

Sullcrom

On actual Bitcoin. I wouldn’t. Giving up your keys and custody for yield/income has been a risky proposition in the past. For me. I’ve been selling weekly options on IBIT. You participate in the upside of Bitcoin through IBIT and yield weekly income selling options to degen traders. This is like 2 weeks of learning in this strategy. But it’s worth it.

gvictor808

You could trade the Bitcoin ETFs. No transaction fees and taxes would all be tidied up at the end of the year. IBIT even has Options.

Amazing_Collar1133

You can sell cash secured puts on IBIT

coinfeeds-bot

tldr; BlackRock's iShares Bitcoin Trust (IBIT) has become the fastest ETF to reach $70 billion in assets under management, achieving this milestone in just 341 days, significantly faster than the previous record held by SPDR Gold Shares ETF. Institutional investors are driving the growth, with IBIT holding 661,457 BTC as of June 6. Bitcoin's price has surged to $110,000, marking a sevenfold return compared to the S&P 500. The ETF sector overall now holds nearly $125 billion in AUM, with BlackRock potentially surpassing Satoshi Nakamoto's Bitcoin holdings by mid-2026. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ManlyAndWise

O shoot, you are absolutely right! I have just checked. Do you know who does custody for them? It might a risk diversification with IBIT.

luftgitarrenfuehrer

IBIT is 0.25%.

Dettol-tasting-menu

The biggest danger in my mind is that people falsely believe that holding ETF and MSTR etc are the same thing as holding real bitcoin and then they encourage everyone to do the same. “It’s just a safer way to hold bitcoin I get the same gains anyway” “I’m afraid I’d mess up and lose everything, I trust Charles Schwab more than myself” If everyone thinks this way Bitcoin will be nothing more than some locked up token, losing its biggest attributes: permissionless, censorship resistant, decentralised, peer-to-peer, global electronics cash system. It’ll be just some number on everyone’s broker account screens. If it fails to stay permissionless and decentralised, Bitcoin is worthless. The so-called “gains” in the noob / finBro/ normies’ mind, their expected 10X, 100X, won’t materialise either. We all crash to nothingness and zero. And this project will fail. So wake the fuck up, people. Especially if you’re new to Bitcoin and think you outsmart the OG by just getting the “exposure”. Without bitcoin being decentralised and uncontrolled, your IBIT will go to zilch too. So stop showing your smug face lecturing how smart you are taking advantage of this glitch where ETF holders can just ride the wave to the moon. Learn to self custody. It’s not hard. It’s satisfying. And it’s the only reason why Bitcoin is valuable in the first place.

Obvireal

I started on an exchange, then went to a cold wallet for a few years. But now that the governments are embracing bitcoin instead of banning it I’ve moved to Robinhood and invested in IBIT to take advantages of their 6% interest margin. Working out well. I was worried about exchanges collapsing but now that the market isn’t under so much scrutiny I feel safe having my Bitcoin on the platforms for a short time as M2 increases. I think 2026 is gonna be hell though so I may hop off and go cold storage with most of my stack and use some to risk and take advantage of the possible massive bear market.

JerkyJunkie

This guy gets it lol. Has anyone else looked at the massive supply shock? Counting in the institutional buying, the strategic reserves being setup, new retail FOMO, and the decoupling from the equity, and bond market as this smart man has mentioned? Not even taking into consideration that besides all the coins being ripped off the exchange weekly by the thousands, and thousands, that the miners can only produce what 4500 coins a week? Which when cut in half will cause not just a supply shock (which everyone is ignoring), but a complete supply meltdown… It is 100% different, everyone’s entitled to their own opinions, and hopium that we get a chance to stack again much lower, but everything is pointing in the opposite direction. Especially when (for just one example as to which there are many) the Swiss national bank is not just heavily stacking BTC, but massively buying shares of BTC proxy vehicles like MSTR, and IBIT, etc. You go brother stay MAXI my friend! G-D bless💙✝️🙏

BitcoinMD

I meant the brokerage account. IBIT is Blackrock not Schwab.

TheLastofEverything

But the fund performance has been behind IBIT even with lower fees, yes?

luftgitarrenfuehrer

ARKB is cheaper than IBIT, unless something changed recently.

luftgitarrenfuehrer

ARKB has lower fees than IBIT, and Cathie Wood is a real Bitcoiner, unlike Larry Fink who was shitting on Bitcoin as recently as three years ago.

Zombie4141

Why Schwab(IBIT) for Bitcoin and not Fidelity(FBTC)? Is having your personal information linked to 3 different brokerage firms a good idea?

Zzz6667

You could always buy $IBIT and $ETHA on a stock exchange instead of a crypto exchange

Heavy-Syrup-6195

How do we know how secure and managed their own cold storage is compared to IBIT/Coinbase?

cd80808080

if in a ROTH IRA go for it. I love adding IBIT/FBTC to my roth.

Other-Temporary6298

As you learn more, you'll understand why people don't just "help" others understand Bitcoin (and/or bitcoin) that easily. Orange-pilling is often wasted time, and it can even end badly. People will acquire BTC when they're ready—and they become ready by doing their own research. While most of us here truly believe BTC is one of the best things that has ever happened to humanity, that conviction can't simply be transferred to someone else. Read The Bitcoin Standard, Broken Money, The Big Print, etc. Watch videos from reputable sources like Bitcoin University, Future Signal, and others. Proof-of-work isn’t just about mining—it also applies to the effort you put into understanding this. That effort will pay off, but it has to start with you, and you have to be genuinely convinced. It doesn’t mean you won’t feel fear, but strong conviction will keep you from panic selling during big dips—or big spikes. For me, understanding Bitcoin has been (and still is) a daily learning process. I still remember the feeling of my brain twisting inside my head when I first started. It’s beautiful—and you may eventually feel like renting a plane and flying a Bitcoin flag over your city. But take it slow. But well, if you took the time to read up to this point, here are some hints: Buy BTC, IBIT is not BTC, MSTR is not BTC, get the real thing, DCA (it helps remove the emotional component of risk), get a cold wallet (a good one, bitcoin only, I recommend Coldcard or Blockstream Jade), move to cold storage from time to time, no shitcoins, have a backup, have another backup, stop giving information about yourself (34 years), just don't say anything that can be traced back to your person, and never publicly say how much bitcoin you have. Finally, wait 20 or 30 years. My two SATS. Hope it helps.

Jeremiah_Vicious

IBIT=USA Strategic Bitcoin Reserve. At any moment the government can seize that Bitcoin.

cd80808080

if this is for retirement, just buy IBIT, in a ROTH IRA. Tax advantages. If it's short term, and you may need the money in 10 years, just buy the real bitty.

ManlyAndWise

IIRC IBIT is 0.1%. The Cheapest I can think of. But... their main custodian is Coinbase, so I am not sure OP's problem would be solved...

brainfreeze3

Have they considered just buying IBIT, lol

biophysicsguy

You pay a small fee (I think like 0.25% annual fee for IBIT) for the management of the ETF. Not a huge expense if it gives you peace of mind. Self custody has a lot of advantages but I realize it’s not for everyone.

420osrs

You create a taxable event. I assume that you have Bitcoin that you purchased when it was cheaper than it is now. If so, you will owe taxes on the gains, 15% if it's over a year, 30% if it's under a year. A lot of people, the gains are so massive that they can't convert it all into an ETF or the tax men will send them a bill so large they can't pay without selling some of their Bitcoin. You get some perks because if you have the IBIT shares in a taxable brokerage, you can get a margin loan on them where the interest rate is significantly better than a collateralized loan.  I have about half of my stash in shares and half of my stash in cold storage. I also have some in a Roth IRA because thinking about what it would be worth in 30 years is very interesting. 

astockstonk

IBIT is for tax advantaged accounts only IMHO

tallmon

Right? I started buying IBIT as soon as it was available. I thought to myself, "this is too easy." Meanwhile you have the Taihuttu's going through this crazy shit in order to maintain their security. I'm guessing they are doing it for tax evasion purposes.

awaller777

I like my bitcoin so I try to not use it as a means of exchange. I hate keeping my dollars so I use a Roth and buy btc proxies. MSTR, Y and U. IBIT, and METAPLANET. I keep some IBIT, MSTU and Y in a brokerage account. I use this to create more fiat to use to either stack sats, pay credit cards or other liabilities. Instead of having to sell the underlying or take a loan against your sats. This is the way I like to think that those of us who don't want to sell the underlying will have to allocate their income. And at the same time not lose the value of their energy and time by keeping it in cash.

BitcoinMD

Split between IBIT, NCIQ and GDLC

biophysicsguy

I’ve diversified my portfolio: BTC, MSTR, and IBIT calls (73%/24%/3% respectively).

Amazing_Exercise_313

Correct, I own MSTR and MSTY on Vanguard. But I’m mad they don’t allow IBIT or FBTC

Amazing_Exercise_313

They’re being stubborn. It’s quite simple to just allow their customers to buy IBIT or FBTC. Nobody is demanding they create their own ETF

peasantking

How do you hold bitcoin at Schwab? IBIT or some other ETF?

SouthernGoal4836

Vanguard is even dirtier than you think. My work 401k uses Vanguard and for the past 8 years has used Charles Schwab as their brokerage option for you to invest freely in your 401k plan. It was amazing because through CS I was able to get exposure to BTC through IBIT. In January I received a notice from vanguard saying they were eliminating a list of 100 related crypto stock from purchase through the brokerage option. I don’t understand how they can tell us what we can buy on another platform but they can. So now all new 401k money can’t be invested in crypto at all. I save way beyond IRA limits so it’s a bit frustrating.

Amazing_Exercise_313

Agree. But when you have your company 401k and all your accounts with them , Roth etc… it would be nice if they allowed you to buy some IBIT or equivalent. I think it’s the fact I can’t buy any is what starting to piss me off. I own bitcoin alone but would like fiat exposure in tax beneficial accounts like Roth etc

spooky_corners

Fidelity is pretty good. Have treated me well in the years I've invested with them. They still don't allow you purchase and hold Bitcoin directly, which is unfortunate. I've got some IBIT as a component in my kids' UTMAs though for the exposure. It's... fine... and was all easy to set up. For most things Bitcoin I just use a Bitcoin only exchange I trust and regularly transfer to coldcard. It would be rad if I could do that all on Fidelity, but alas... it's a brokerage, not an exchange. The only real exposure to Vanguard I've had are just some funds in my old 401k and the more "risk management" side of my portfolio that I will probably liquidate and rebalance at some point. Agree that they seem pretty old-school and risk averse. Not that it's always a bad thing.

420osrs

Okay, so I really don't think they're the modern day blockbuster. They have a sound business model. These funds are essentially pure profit because they don't cost anything to manage. I don't have a single family member that sold their Vanguard funds and then repurchased State Street or schwab funds. However, I got at least three of my family members to put a token amount in IBIT. They don't care at all that their large cap US fund ticker doesn't offer their customers Bitcoin.  As far as the minuscule number of customers that are gonna leave the Vanguard brokerage because the i-bit tickers are restricted, remember that brokerages aren't very profitable. Vanguard makes 85% of their net operating income through their fund management fees.  You have to remember that we're early. We're not really early, but we definitely are early. They'll change their minds. They're a company after all. They want to make money.

Opeth4Lyfe

If you don’t trust actual crypto on Robinhood your next best bet is one of the tracking ETFs. I suggest IBIT. It has a lot of AUM already for only being like a year or so old…and has the most liquid options chain I’ve found of all the BTC ETFs. If you build up to a 100 share position (~5.9k rn) you can sell really far out of the money calls against it to make some income and reinvest it back into more shares or just keep the income. It’s a high volatility asset so the premiums are pretty decent.

ProfitConstant5238

Gotcha. I see no reason to buy IBIT, personally. I’d just buy bitcoin. I’d leverage the other ETFs I mentioned to generate income to buy more bitcoin. If I needed money, I don’t have to sell anything, just use the distributions. Yes, you’ll have to pay a couple bucks in taxes at the end of the year, but it will supercharge your ability to stack BTC.

NorthvilleGolf

Spot bitcoin ETF. IBIT

chuckrabbit

So retail’s portfolio? If I buy IBIT in my IRA, I don’t become Wall Street buying Bitcoin, I’m still retail.

Sudden-Ad-1217

It’s easier to buy IBIT calls a few years out.

GoldmezAddams

BITB does proof of reserves, has pledged 10% of its profits to support open source development, and has one of the lowest expense ratios out of the spot ETFs. I think that makes them the easy choice. Beyond them, the next to choices to me might be IBIT for being the biggest / most liquid choice, or FBTC for custodying it themselves rather than with Coinbase.

mwdeuce

lol who in the actual fuck would purchase this over IBIT or FBTC

DrEtatstician

Unpopular opinion : Convert real BTC into IBIT and start selling covered calls

Goodness_Beast

401k = most funds don't have IBIT for u to buy. 401k account allows you to buy stocks or index fund up to around $20k/yr (depends on family status). Roth IRA = you buy whatever stocks/index fund directly, such as IBIT. You can only allows to buy up to $7k/year.

WSSquab

In that scenario, what will happen to those who have IBIT? Black Rock let to be "confiscated"? This will be the end game?.

eupherein

I used to have IBIT until I found out they use coinbase, who I do not trust for a few reasons.

team_ti

I rotated to having all my btc in RSP and TFSA via IBIT

AnyFaithlessness7991

IBIT

mgtowmoney

I spread out equally among the ETFs IBIT, FBTC, HODL, BITB. BITB has public proof of reserves and uses coinbase. IBIT uses coinbase. HODL uses Gemini. FBTC uses self custody.

Naive_Carpenter7321

It's hard to trade gold and other assets, so ETFs became a thing. It's easy to trade Bitcoin, with no non-transactional fees. Both have benefits, one potentially charges a management fee whichever way Bitcoin goes. If you want to day trade, IBIT et al is great. If you read into Bitcoin, the bias sways towards personal ownership.

DefiantAbalone1

Keeping it in a retirement account allow you to use it inside the account to avert taxable events, along with when you decide to withdraw upon eligibility. 401k's are the lowest tier of retirement accounts. Additionally, multiple banks are allowing IBIT to be pledged for loans (at rates far lower than any btc lending platform). Third, it's just prudent to have some btc in cold storage, *and* in the form of ETF's. Sure it *probably* won't happen, but what if you got a concussion and suffer from amnesia? What if you suddenly die and want to ensure your btc gets passed on to the proper recipients? The current legal and financial framework for ETF's is robust and provides peace of mind for such events.

DefiantAbalone1

Keeping it in a retirement account allow you to avert taxable events. Additionally, multiple banks are allowing IBIT to be pledged for loans (at rates far lower than any btc lending platform). Third, it's just prudent to have some btc in cold storage, *and* in the form of ETF's. Sure it *probably* won't happen, but what if you got a concussion and suffer from amnesia? The current legal and financial framework for ETF's is robust and provides peace of mind for such events.

Myth_Mula

The amount in real BTC I own significantly dwarfs the amount of IBIT I have in my Roth so I don’t mind having both.

iamscott3

Remember that should something happen to you (i.e., death, incapacitation, etc.) your TFSA should have some mechanism to pass assets, such as IBIT, to your designated beneficiaries. If you self custody BTC, the passing of assets to beneficiaries IMO is still somewhat immature or at worse you'll lose access to it.

zerosuitsamussy

if you literally only own BTC and no other assets, then moving IBIT to real BTC means your TFSA isn't maxed out, and that would be silly. i can't give real financial advice because i'm not an advisor and i don't know the specifics of your situation, but in a vacuum your TFSA should be maxed.

zerosuitsamussy

obligatory "not a financial advisor" - this is primarily a discussion of whether to hold BTC in TFSA or not. if you do, it needs to be an ETF, but if not, it could be better to buy "real" BTC. in Canada, capital gains tax rate has the lowest inclusion of the main investment-related gains, where only 50% of your gains are taxed. on the other hand, 66% of dividends and 100% of fixed income/interest is taxed. if you have a mix of BTC (pure capital gains), dividend-bearing stocks, and fixed income instruments, you'll have to do some math to determine what configuration pays the least amount of tax in the long-run. given the income tax inclusion rates above, it may initially seem like it makes sense to include all of your fixed income in TFSA since it saves the most tax, then as much of your dividend-bearing assets, and lastly fill whatever remains with value-appreciating assets. however, if the appreciating assets return a significantly higher value over several years than the other assets, the total tax saved on capital gains may be higher by including these appreciating assets in TFSA. on the other hand, since capital gains aren't taken until an asset is sold, you get the same compounding factor in or out of a TFSA, whereas the compounding factor is weakened for dividends and interest because tax is paid right away and cannot be reinvested. PS - if you literally only own BTC and no other assets, then moving IBIT to real BTC means your TFSA isn't maxed out, and that would be silly. i can't give real financial advice because i'm not an advisor and i don't know the specifics of your situation, but in a vacuum your TFSA should be maxed.

AdBeginning5638

dont listen to anyone that says sell it. Why would you create a taxable event for now reason? Moving exposure from IBIT to regular bitcoin in no way justifies the expense of the taxable event.

mgtowmoney

I think best practice is to have most \~75% in cold storage, \~25% in Bitcoin ETFs. ETFs are easier to sell, buy, and for taxes. You might be able to use Bitcoin ETFs as collateral or proof of cash reserves when needed. I think IBIT/FBTC has a much much lower risk of blowing up compared to the exchanges.

KidCancun007

Tks for sharing. What would you suggest for OP as far as getting self custody and moving away from IBIT ETF? It sounds like a somewhat difficult task for someone using Fidelity or Schwab and used to ETF trading. Wallets scare regular joes away imo.

xtexm

IMO it’s actually very underrated spending a small amount of your income on knowledge, or networking. (If you’re young.) Because, sometimes the knowledge we obtain is far more valuable than just working outright for bitcoin. Everyone does it differently. OT would help with either, or. There’s the Kiyoskai’s of the world that use debt for real estate. (Not working for it.) There’s the Todd Adkin’s of the world that use debt to live of S&P 500 funds. The trend of borrowing against Bitcoin in the future should become more wide scale in theory. (People already do it today.) You have funds that give yield off Bitcoin, think MSTY, BITO, BMAX, IBIT, YBTC. You can borrow against these funds, and cashflow. Cashflow can go into your Bitcoin. The options are there it’s just the will to understand, and learn more.

achshort

And this is why the normal person buys IBIT or leaves their private keys with their brokerage. Obviously your way is the way to go, but I doubt the average person, with the average understanding of modern tech and cryptocurrency would ever go this far. And if they did—they’d totally fuck it up and potentially lose their bitcoin.

seethisisland

Would have given OP an angry upvote if I werent short IBIT calls right now

Affectionate-Body221

Im going to stop ordering food from doordash and put every single dollars into IBIT. I either build generational wealth or die trying. 😣

Affectionate-Body221

IBIT going to $10,000

Vaginosis-Psychosis

Yeah, I have a shit ton of IBIT in my Roth and 401k. I plan on selling some covered calls on it once we get a lil further along this cycle.

team_ti

Congrats. FYI I'm now holding my BTC via the IBIT ETF. I sell one year LEAP options on IBIT as a covered call. At my cost base and the LEAP selection my one year yield is 12%. Just one suggestion if you wish to derive income to offset your interest paid

moonburnaz

Buy Bitcoin only - DCA into Bitcoin or a Bitcoin ETF ($IBIT) Bi-weekly or monthly. Once this buying power runs dry, hopefully by that time you can continue the DCA process.

megatronz0r

Strike or IBIT in your favorite tax shelter

cryptofuturebright

Buying IBIT daily