IBIT

iTurbo6

You can use a wallet to swap btc for usdc and then send the usdc to robinhood, sell usdc for usd and then buy IBIT which trades with spot btc. you can also break it up and buy IBIT and BTCI to generate income from btc. Selling any btc on an exchange right now is also doable - you can enter your own cost basis on coinbase for btc that you moved to the exchange. if you dump btc at 110, all time high was around 126 - that totally could be your cost basis and then you'd have a nice capital loss that gets reported.

shutterdoc

I was in vegas and lost a bunch of money on the trip and spent a ton just on hotels and having fun. I ran up BTC from 16K to 30K, and felt like a genius for doubling my money. Sold it at all at 30K to pay for my vegas trip. I was an idiot :P Now I just hold IBIT in my IRA and HODL.

ASFx

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.

Backrus

Crypto = stablecoins, it's just that simple. Specifically, we're talking about stablecoins backed by US Treasuries. That's all they care about. Even with ETFs and IBIT options (which destroyed BTC as investable asset), with Kamala we would have multiple rate cuts (because Powell is pro Democrats) and QE already, and we might have been at 160k, maybe even higher, on par with YTD performance of other assets during the greatest bull market in human history. Y'all got finessed lmao My sweet naive burger brothers... Hijacked coin, paper bitcoin, bona fide shitcoin.

stockers15

I agree. Just look at the IBIT daily inflows and outflows comparing them to BTC price action. Blackrock is accumulating way more than it should in theory be doing for an ETF.

stockers15

Agree 100%. I’m very new to crypto, and am enjoying learning about it and learning from the results of small investments. It’s the institutional uptake - particularly from BlackRock that is the dominant driver of my bullishness. That plus the COVID fiscal actions have in my mind de-railed the 4 year cycle. But when you look at BlackRock’s IBIT inflows on a daily basis - the fund is accumulating significantly more than it should. When people wonder why “retail” hasn’t come back - I believe they actually have just the much easier / safer route is to buy through an ETF. And the big one: the IBIT fund is Black Rock’s most profitable fund EVER. At only 21 months old. It launched its first fund in 1999! and currently has 1,400 ETFs. In my mind, institutions are less susceptible to fear but are full of greed. Larry Fink wants IBIT to go from strength to strength as this will mean his bonuses get higher and higher. So his traders are accumulating as much as decently / legally possible. Oh and it owns 16.3% of Microstrategy. Please feel free to call me a Noob, but the case for BTC couldn’t be stronger. I love Reddit.

runhikeclimbfly

6% of total NW without the house, 4-5% with the house. I don’t actively DCA, much of it has grown from a ~2% position into this. I have about .25 in exchanges and .25 worth of IBIT in my roth. More recent contributions in IBIT only.

Head-End-5909

There are alternative strategies and services for dealing with passing down crypto to heirs. I came up with my own, but it hinges on one of my heirs having knowledge of crypto and wallets. Don’t know what services you have in your country. IMO, converting to Bitcoins ETFs, like IBIT, with a regulated financial investment firm, where you can designate TOD beneficiaries, is the simplest. You get both the upside and downside of price movements and none of the self-custodial issues. I both DCA and self-custody, and hold IBIT in my Roth IRA where gains aren’t taxed when withdrawn. Happy with both. Since Bitcoin is currently being used as a SoV, rather than the intended ToV, there’s no difference where it’s stored if you don’t care about anonymity.

TexasBoyz-713

And with IBIT being the most successful ETF launch in history… it doesn’t take much to put 2 and 2 together

Vilan-Kaos

ETHA and IBIT. I made like 5k usd from selling calls against them this month.

devCheckingIn

Did they sell or is that their ETF (IBIT)?

LastImprovement7586

Celsius failed for the same reason many fraudulent companies fail. They had bad management, didn't keep adequate reserves, and mistreated customer deposits. One bad company doesn't discredit an entire sector. Besides, I feel like people in this sub are only focused on the DEFI side of my argument. I think crypto will stay in a bull market because of Traditional Finance more so than DEFI or, more accurately, a combination of both. Asset backed lending from traditional finance allows for people to borrow against crypto assets at low interest rates. Margin loans that allow people to leverage against the portfolio value of IBIT in order to buy other assets like stocks, bonds, etc.. Why sell BTC to buy a home, for example, if you can just borrow against BTC at a lower interest rate then you would get in a Traditional Mortgage. Debt runs the world more then the underlying currency of that debt does. More people using BTC backed loans, means less people selling BTC. This leads to a shrinking supply of BTC available for purchase and, thus, a rise in value.

LastImprovement7586

Blackrock only owns Bitcoin as a custodian for the people that buy into the IBIT ETF. People really need to stop making such a big deal about this.

LastImprovement7586

I know it's not DEFI. That's my point. IBIT has $64 Billion dollars in Bitcoin under management. I never said that crypto wouldn't remain volatile. Crashes happen. The only question is how long until price recovery. I believe the bear markets will be shorter and shorter much like every bear market in the stock market for the past 20 years has been shorter then the bear market that came before.

LastImprovement7586

Not nearly to the magnitude it does today. My argument wasn't just about the existence of Defi. It was also about the rise of crypto backed ETF like IBIT and the propensity to utilized those assets in a marginalized brokerage account. IBIT currently has $64 Billion dollars of BTC under management. Anyone holding IBIT in a brokerage account can borrow against there holdings to buy more stock, treasuries, etc. IBIT isn't even 2 years old. It didn't exist 4 years ago. Less then 2 years and it's already a $64 Billion dollar asset. Add to that the fact that JP Morgan is allocated $1 Billion dollars for crypto backed lending. Visa is adopting crypto collateralized lending. Defi is much different today then it was 4 years ago.

Far_Screen6778

I follow Marjorie Greene Taylor & Nancy Pelosi & buy what they buy. Don’t know why everyone doesn’t. Almost always right😂. MGT bought IBIT on 10/9. She bought it at $68, it is $62 now. Buy & sit back.

mllewisyolo

I would be if it weren't for the massive tax it would take from selling all these stocks I've been holding forever. HOWEVER, everything that I was losing on or wouldn't take a big hit. I sold off for Bitcoin. I used to tons of treasuries.. ALL GONE..just BTC Baby.. I'm either selling the rest off little by little, or rolling into GLD or IBIT

Head-End-5909

No, I do self-custody bitcoin (12%) + another coin. Rest is in IRA, Roth IRA, brokerage, physical gold, emergency cash, etc. Also have IBIT in my Roth. Started investing long before Bitcoin came about.

Head-End-5909

Yes, I do both. DCA and hodl, self-custody in cold wallet. IBIT in tax-free Roth IRA. My money, my choice. It’s currently a SoV, not ToV. When that changes, I’ll change.

FnAardvark

Neither. Blackrock doesn't pump or dump bitcoin, when people buy, IBIT blackrock buys BTC. When people sell IBIT, blackrock sells BTC. U don't know how many times this needs to be repeated in this sub.

Moldynred

Fidelity actually custodies their own BTC, unlike IBIT and I believe all the rest of the ETFs. Bottom line tho is its all a risk, and nothing we ever invest in is truly completely safe.

originalgainster

IBIT

Common_Intention1980

In any case it follows virtually the same path in terms of prices BTC VS IBIT if you look at this graph. [IBIT vs. BTC-USD — Investment Comparison Tool | PortfoliosLab](https://portfolioslab.com/tools/stock-comparison/IBIT/BTC-USD)

arBettor

IBIT is an ETF that will only buy BTC when there are net creations of the ETF, and sell BTC when there are net redemptions. That's driven by IBIT investors, not by Blackrock themselves. For some reason people treat BTC purchases/sells in IBIT and other ETFs as if they represent some bullish/bearish call by the sponsor when they're passive ETFs that simply act systematically based on the activity of the underlying investors.

longonbtc

Strategy bought 390 BTC for $43.4 million just 2 days ago: https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt5d53967701adc5e7/68fec8cf58694f22dc2c67b8/form-8-k_10-27-2025.pdf Strategy bought 168 BTC for $18.8 million 9 days ago: https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt2829fd4822c1bf78/68f599bf69003d69ba0d7492/form-8-k_10-20-2025.pdf Strategy bought 220 BTC for $27.2 million 16 days ago: https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/bltf1d894170dc21720/68ec73beb5c8cb623d14dcb4/strategy-acquires-220-btc-and-achieves-btc-yield-of-25-9-ytd-now-holds-640250-btc_10-13-2025.pdf Blackrock's iShares Bitcoin Trust ETF only buys BTC when people buy shares of IBIT. Blackrock's iShares Bitcoin Trust ETF only sells BTC when people sell shares of IBIT.

annoyed_meows

Balls deep in IBIT in 3 accounts. Treating me well, CSP, CC, no scams losing passwords or having to learn shit. You do you and enjoy that feeling of superiority, a lot of us just don't give a shit about owning BTC. 

Backrus

You're delusional. 2023 was pretty much up only lol Bottom was in November '22 at 15k, in March BTC was close to 30k thanks to regional banks fiasco. From then it drifted and the last quarter of 2023 were front running ETF, the last time BTC was free. Too bad it got hijacked on November 19, 2024 with the introduction of IBIT options. Hijacked coin, paper bitcoin, bona fide shitcoin.

Aurorion

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.

ShoshiOpti

Im not insinuating anything about why people are taking BTC loans, some low networth individuals do as well with providers like Ledn, but they are hosed with bad rates. Why are people taking BTC collateralized loans at ~4%? Because as long as the terms are favorable enough a lot of people leverage out the loan to buy more BTC, BTC yield has been like +70% past 12 months and likely over long ish time horizon will probably perform +20%. Im not telling you who I gpt mine from, for privacy sake, but speak to your private banker theres lots of options. If you want IB offers ~4.8% margin loans eligible with IBIT online. So it shouldn't be hard to imagine a 0.5% discount for VHNW. And yeah I took out a 1.8m loan, because why wouldn't I maximize tax benefits (the entire interest is tax expensed) while also maximizing leverage against a dollar that is being printed at like 7% a year. Thats business 101. I dont care what your income is, your arrogance is what is holding you back. My brother makes ~70k a year but he has just under 2 million dollars in net assets because he followed the advice of those who know better.

ShoshiOpti

Im not insinuating anything about why people are taking BTC loans, some low networth individuals do as well with providers like Ledn, but they are hosed with bad rates. Why are people taking BTC collateralized loans at ~4%? Because as long as the terms are favorable enough a lot of people leverage out the loan to buy more BTC, BTC yield has been like +70% past 12 months and likely over long ish time horizon will probably perform +20%. Im not telling you who I gpt mine from, for privacy sake, but speak to your private banker theres lots of options. If you want IB offers ~4.8% margin loans eligible with IBIT online. So it shouldn't be hard to imagine a 0.5% discount for VHNW. And yeah I took out a 1.8m loan, because why wouldn't I maximize tax benefits (the entire interest is tax expensed) while also maximizing leverage against a dollar that is being printed at like 7% a year. Thats business 101. I dont care what your income is, your arrogance is what is holding you back. My brother makes ~70k a year but he has just under 2 million dollars in net assets because he followed the advice of those who know better.

thupkt

I contemplated HELOC and leverage and ended up playing IBIT long options instead for the amount I was considering on leverage.

AutoX-R

Blackrock doesn’t own any Bitcoin. The IBIT investors do.

dapi331

Just by the ETFs if you don’t know what you’re doing. BITB, IBIT, etc. Coinbase fees are outrageous compared to the ETF’s fees.

OkDiver6272

That’s why I have IBIT LEAPS spread out amongst multiple strikes every 6 months until end of 2028. When I cash them out I roll the $$ into spot BTC to keep forever.

harvested

I think you'd fit better in a degen or wsb sub. IBIT isn't bitcoin and calls aren't the same as spot.

user_name_checks_out

> Buying etf ibit just the same buying bitcoin \*Buying ETF IBIT *is* just the same *as* buying bitcoin 🙄

Head-End-5909

DCA and always hold. But I also have a diversified stock/funds portfolio and gold. Heck, I even own IBIT in my Roth IRA so won’t face any taxes. Suggest you form a long-term strategic financial plan based on your goals, priorities, and risk tolerance. Others disagree with my portfolio strategy and that’s great for them. It’s your money, your choice!

doyaloveme

Can you explain the IBIT, I already have a Roth IRA, so I'm theory I should be able to pull it out?

SouthernGoal4836

I honestly don’t have any cold storage. I have IBIT and MSTR. Been investing a few years and may make the jump eventually but my main strategy is that these are in tax advantage accounts that will be either tax free or reduce my taxes each year while investing. But I was just imagining a setup where you can digitally store your key (hidden in plain sight) vs the metal plate I always hear of. I was imagining in a random book every word for my private key would be in there. Let’s say in a book page 36 paragraph 2 sentence 1 word 3 was my first word. 36213 sounds like the price of a new car is used as a entry for a budget item. 23 more to go. Obviously I’d memorize the seed phrase but it would just serve as a backup. And I could put more random numbers that have no association whatsoever. But that would seem unnecessary If the book burned and my brain forgot. I could buy a couple of copies or just know I could always buy a new copy if needed.

kyyap852

that was a decent pump just 1mins ago, hopefully my IBIT calls gonna print on Monday

rawisgood

I'm approximately near 10, between whole coins and IBIT in retirement accounts.

alpha247365

BITX > IBIT You get a fat monthly dividend in BITX, which will outperform IBIT at EoY.

Own_Sky9933

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.

Daily-Trader-247

If you move our SEP to a normal brokerage and convert to IRA, you can by Bitcoin ETFs like IBIT

coinfeeds-bot

tldr; BlackRock, the world's largest investment firm, invested over $300 million in Bitcoin (BTC) through its Bitcoin ETF, IBIT, between October 20–24. The firm saw net inflows of $324.3 million, indicating strong institutional interest despite market volatility. This consistent buying pressure helped stabilize Bitcoin's price above $110,000. Analysts project bullish sentiment for Bitcoin, with some forecasting a $200,000 target in Q4. Bitcoin's broader trend remains upward, supported by long-term demand and institutional accumulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AutoModerator

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.*

codemajdoor

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.

ChaoticDad21

Holding IBIT is fine, but trading this is a fool’s errand

Rare_Mathematician92

Not even IBIT?

Happy_Weed

Yes, IBIT owes Bitcoin, so it moves in tandem with it

Rare_Mathematician92

I see...I was thinking that after I reach my goal of becoming a wholecoiner, I will just place that away in cold storage forever, then use IBIT to trade.

arBettor

Yes, as long as the US stock market is open during that move. If it's closed, IBIT will catch up to moves made during the closed market. All this is true adjusted for fund expenses and with a small margin of error for market price not always tracking NAV 100% precisely. So maybe IBIT is up 9.99% instead of 10%, but it will effectively follow bitcoin exactly.

Sk8boyP

So buy IBIT in a brokerage account. That’s it.

jcoley3411

is that pushing the price down for IBIT even further than BTC price?

CheeseWeezel

I suspect the rally in meme stocks like Beyond Meat were driven by outflows from IBIT today.

Altairandrew

As an $IBIT owner, believe me that people who buy and sell it are in fact buying and selling BTC once removed. They aren’t buying it because it has no relationship. There are bunches of firms who spend their time keeping the two values - BTC and IBIT in line like all ETFs, Blackrock of course is buying and selling BTC If there is a net amount that needs to be bought or sold and creating or destroying IBIT at roughly the same time.

fyworries

Pretty sure Blackrock buys IBIT for a few of their managed funds so it’s not far fetched to think they are indeed selling and not holders of IBIT itself

B1GCloud

Yes, if masses sell, as shown in OP, then blackrock sells the backend BTC at current price and gives you the $1,000. You sell IBIT the cash is available right away.

B1GCloud

This might be the best help [coinbase what is IBIT](https://www.coinbase.com/learn/crypto-glossary/what-is-blackrocks-ibit-spot-bitcoin-etf)

Shot_Watch4326

If clients want to withdraw from IBIT. Then what is Blackrock supposed to do? Where will they get the money from

tax-anon

Blackrock isn’t selling anything people are selling IBIT

Deep-Rip4110

Clients are selling $IBIT. Blackrock isn't selling $BTC. Jesus.

Twist--Oliver

Me personally selling options on IBIT. Try to never sell my shares.

coinfeeds-bot

tldr; Spot Bitcoin ETFs in the U.S. saw $477 million in inflows on Oct. 21, ending a four-day outflow streak. This surge coincided with Bitcoin briefly surpassing $113,000, driven by a sell-off in gold and silver. BlackRock’s IBIT led inflows with $210.9 million, followed by ARK 21Shares’ ARKB with $162.85 million. Despite recent outflows, Bitcoin ETFs have accumulated $4.21 billion in October. Bitcoin’s rally reflects shifting investor sentiment amid macroeconomic factors, including potential Federal Reserve rate cuts and easing geopolitical tensions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

usrname_chex_out

2 for me, plus one more if you count IBIT

PatternDisastrous

IBIT is fine 

1bitcoinhodler

I know a few ppl who buy IBIT and FBTC.

trufearl

Buy IBIT .. plenty of liquidity there

BTC_is_waterproof

Are IBIT buyers bitcoiners?

OldManYellsAtCloud12

Bought IBIT cause keys are confusing and I'm regarded.

Financial_Design_801

You vs. The biggest asset managers in the world https://www.blackrock.com/us/financial-professionals/investments/products/bitcoin-investing#About-IBIT Happening with or without lots of people

LostNtranslation_

Perhaps a staggered approach. Choose dollar amounts up or down. Not financial advice just examples of what it might look like. $250 / month Bitcoin cold wallet. $583.33 / Roth IRA split 50/10 IBIT and QQQ. Each year re-balance. This locks in gains each year. note: This is fairly aggressive. There are 1000s of possibilities here. Max out 401K to the amount of employer match. Rest goes into an investment account such as Fidelity. Re-balance each year. 30-40% IBIT, the rest VOO rebalance each year. Keep 3-6 months in cash equivalent such as FZFXX. The main key is the consistent payments and not timing the market. You add in each month and re-balance once a year. Do not buy on credit. DO not carry balances on credit cards.

Brilliant-Square-385

Thoughts on buying BTC vs. IBIT OOM leap call options, i.e. Jan 21 2028 strike 70?

toolfan89

I still dont know anyone in real life who understands Bitcoin. Its still a very fringe thing to be into/involved in. Sure some people will allocate a small percentage of their portfolio to IBIT, and i know a few friends who might "own" some that sits on coinbase but almost noone understands Bitcoin. So yea...youre overthinking things.

Narrow-Ad6797

Really? Cu I have some IBIT and I'm willing to bet I have more BTC in cold storage than you too.

Hamm3rFlst

Yea, I max out 401k, then backdoor roth (in IBIT), then buy “real bitcoin”

Sir_Richard_Dangler

Yeah but if your Roth IRA doesn't contain an ETF like IBIT then what are you doing

Strange_Mud_8239

Own ETF too! My Roth has IBIT

sgtextreme_

Idgaf less likely be stolen having IBIT 😂 enjoy your cold storage lil bro

billocity

Even blackrock dosent own them Coinbase is the custodian for IBIT.

Wood_Ring

Currently short IBIT, ETHA, and SLV puts, and long gold via futures. I also hold some shares of GBTC. 

DarthBen_in_Chicago

This is great! One thing to consider since they’ll be holding this investment for a long time is that there are cheaper ETFs out there. For example, Bitwise’s BITB has a lower expense ratio than Blackrock’s IBIT. Grayscale’s BTC is the lowest still (methinks). Anyway, those management fees will erode returns over time compared to cold storage. If the ETF is the right answer (which is OK), look at fees and other factors. The biggest is not always the best choice.

SpiderHuman

Half my net worth is in Bitcoin, $MSTR, and $IBIT. These are my 4 main concerns and doubts: 1. 54% of Americans are below a 6th grade reading comprehension... and lazy. Critical mass is never going to put in the time to overcome the threshold and put in the hours to understand and trust Bitcoin. 2. Bitcoin believers in America are all white, male, and right-leaning. When the Great Reset happens... people will vehemently oppose any new system where white, right-leaning males have already front-run the system, and have all the capital, money, and power.... AGAIN. 3. We delay the quantum-proofing of Bitcoin too long. 4. Robots and A.I. are do everything better than humans in 10 years. No way for 99% to add value or earn money, efficiently. At that point, all economic theory and traditional concepts of what money is become obsolete in this new world.

mrjns_94

Buy a bitcoin ETF like IBIT

acorcuera

So you have about $8.7M of IBIT right now?

sonobono11

This was Grok’s explanation but for IBIT “IBIT is a spot Bitcoin ETF, but its YTD return is calculated from Jan 2, 2025 (first trading day, close $55.37), to Oct 17 ($60.47), yielding ~9.2%. BTC, trading 24/7, rose ~2.6% from Jan 1 ($94,420) to Jan 2 ($96,887), accounting for much of the gap. Minor differences also from fees (0.25%) and tracking error.”

_IscoATX

Could be buying IBIT for all you know

didnt_hodl

yes, IBIT is exactly that

Extreme-Coach02

Just made some quick cash from GLD and IBIT

usrname_chex_out

Yeah and just buy IBIT, no need to self-custody

Deacon86

This is IBIT investors selling, not Blackrock.

harvested

Of course we are confident. You've seen the activity this cycle right? IBIT was the most successful ETF to every launch, and ETFs only represent about 20-30% of the market. There's large accumulation and rotation going on. A finite digital asset doesn't just get enough interest to get to 2-3T in market cap and then just disappear or dwindle away. Are central banks going to keep printing money? Are people still going to want to store value? If the answer to these is yes, I'm not sure I see the issue.

Ordinary-Ad5776

Yup. Of course after I buy IBIT calls for the first time yesterday morning. Sorry guys it’s me who caused the crash.

fintechjunkie

Why those over IBIT ?

kpooo7

I bought GBTC in 2021 in my retirement account, as a newbie to crypto, IMO compared to the exchanges that were either crooks or at the least poorly managed turned out to be the safest way to OWN BTC. Bought IBIT this year, will most likely transfer GBTC to IBIT because of the lower fees.

blackjackn

I prefer FBTC but IBIT is fine.

longonbtc

Coinbase Custody Trust Company holds the private keys to the bitcoin owned by Blackrock's iShares Bitcoin Trust ETF (IBIT) in cold storage. Coinbase Custody Trust Company provides "institutional-grade custody services specifically for digital assets" like bitcoin. Coinbase Custody Trust Company is a New York state chartered trust company, a fiduciary under New York state banking law and a "qualified custodian". A "qualified custodian" is legally authorized and regulated to safely hold digital or traditional assets on behalf of institutional investors. A "qualified custodian" is a financial institution registered broker-dealer that safeguards client assets on behalf of an investment adviser. Under SEC rules, these custodians must hold client funds and securities in a separate account. They protect investor assets by holding them securely, but they do not make investment decisions for the client. You can view the balance of the bitcoin addresses that Arkham Intelligence has identified as belonging to ITBIT: https://intel.arkm.com/explorer/entity/blackrock If you don't work for the SEC, then there is no other proof that you have access to.

Sazmining

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.

fintechjunkie

The value of bitcoin “exposure” in a stock portfolio is incomparable to holding your bitcoin directly in cold storage. I think IBIT is really the move here for any other BTC etf today, including the others you mentioned

Sazmining

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.