IBIT

flyshitbirdsfly

IBIT is what my dad recommended to me coincidentally. I like the idea of actually owning the token but maybe there’s a little bit of room for it in my Roth next year. To your other point, I see a lot of similar sentiment regarding the taming of its volatility now. Does this decrease your credence it its ability to provide ever bigger returns in the future? At what point does its growth reach a limit where holding indefinitely like an index fund no longer makes sense? Thank you for the insight.

WeakEstablishment686

Nicely done. Next move, buy IBIT in your Roth haha.

CuteMountain6514

I used to use IBIT but dumped all of that to FBTC because I trust Fidelity. I have large allocation in FBTC and MSTR. I worry somewhat but I think it is the right play for the next 5 to 10 years and beyond for that matter. I'm accumulating in fidelity tech mutual funds and S&P 500 as well.

ir88ed

For me, it comes down to who you trust. FBTC has does in-house custody, meaning Fidelity holds thier own coins. IBIT by Blackrock uses Coinbase to custody the coins. Coinbase has cooperated with oversight and been around a long time, so that is who I am most comfortable with. Also, IBIT holds significantly more BTC. They both track the BTC spot, so performance-wise they should be the same. You said the money isn't for you. Just FYI, if there are minor dependents, you can look into setting up a custodial Roth. These were 100% IBIT for me.

Fickle_Country9786

Okay, I think I’ll do this. $35K in IBIT and $35K in FBTC. Thank you everyone

Fickle_Country9786

Of course. Thank you, a good result is this is that I am now thinking of IBIT instead of FBTC. But I wonder if there is any real difference?

OpticallyMosache

I had a goal amount of BTC I wanted to keep forever. That's in cold storage. Then I had Bitcoin in excess of the goal that I wanted to sell into a high. I also stopped buying BTC when it crossed $60k on the way up. Overall, I was up about 3-400% and said that was good enough. Plus, I wanted to quit my job and not have the stress of having another job lined up. But here's where I've learned to not celebrate early. It may seem like I made a good decision but when BTC is at $250k, I'll never have re-accumulated the amount I once had. So, if I didn't have a specific reason or need for those funds - I probably wouldn't have sold. I've been rebuying recently but doing it through IBIT in my Roth and traditional IRAs. It will be pretty cool if I happen to be loading up at or near the low. However, I sold about .70 BTC and I've only re-accumulated the equivalent to 0.25 in my IRAs. It is almost certainly going to best to just accumulate until BTC is at $1M one day. Selling BTC actually feels sad. Not celebratory.

ir88ed

Hey. 55M Midwest here. I like diversity, and view BTC and the ETF's a big part of that. My biggest concern is the devaluation/inflation of the dollar. "7% gains" are just feeling good about standing still. I have maintained significant portions in market index funds (FXAIX/FNCMX/etc), but I do maintain a significant portion in IBIT, especially in my Roth accounts. So, I didn't elect to "dump it all in", but have picked a target percentage based on my overall strategy and allocated my holdings accordingly. This is going to continue to be a wild ride, so you have to have the stomach for it. If you tell anyone, they will hate you when it is winning and laugh at you when it's down.

OpticallyMosache

Ive converted parts of my Roth and traditional IRA into IBIT. Hoping we hit the bottom since I did my biggest buys in the last week.

NankerPhelgeRahrig

IBIT is way better. Much more liquid and you can sell weekly covered calls on IBIT to generate meaningful income. The other BTC ETF do not have the options liquidity to let you sell for income. Go with IBIT.

MythicMango

yes. IBIT or GBTC

OpticallyMosache

Bought 300 shares of IBIT in my Roth IRA. Does that count?

Lower_Following3325

I literally am a non bitcoiner who is salty about it? I admit I was wrong that it would go up so I put in a new buy order on what I am hoping is the low so that if it goes up again I will make 70k I have 400 shares of IBIT in my Roth, that was enough for me till this new bear market, now I think there is an opportunity to snag downside before next bull run No, once I hit my low point I will hold till 200k, it’s a very reasonable high to aim for, then I will liquidate the position and move the money into a cef or BDC (probably arcc or main or gof) to get extra passive income from what I feel is basically found money If it never goes under 50k that’s fine, I don’t want to invest at that price just like I am not buying gold at 5k an ounce

Lower_Following3325

This is why I don’t participate in crypto outside of IBIT- I am not interested in being told that when I am robbed it’s my fault

bryanchicken

This. IBIT trades at best 32.5hrs per week. Bitcoin trades 168hrs

arioch376

I think the funniest thing about this is that it could wick down to 30k and you will still miss it. If this is your plan at least do it right and set the limit order for spot BTC. When BTC bottoms it's likely going to be on low liquidity over the weekend or AH, and not when IBIT is trading.

Lower_Following3325

If I am wrong I am wrong, I think it’s going to 30k- similar to the last 80% dip I I have about 400 shares of IBIT in my Roth from when it was 24 dollars, that way if bitcoin ever mooned I would not feel left out, and that was enough Just thinking young my position at a low makes sense

WorthwhileDomains

not great. I bought a bunch of IBIT calls throughout last year for expiring in June this year, all virtually worthless now.

ChewbaccaPJs

For real, must be talking about IBIT or something..

Maritime88-

IBIT ?

Putrid_Pollution3455

Brother, trading will make you insane. If you believe in bitcoin, as an asset, then set a target allocation and sit on it. Let's say you want 1%. So if it tanks 50% you load up till it's 1% again. Or if you're doing a modern permanent portfolio, maybe you throw 20% into it along with TLT SGOV VT and GLD. Or maybe you're me, and you decided on 33% IBIT, VT, and USFR. Now some folks in this sub have more conviction than I do and they're 100%.

Rare-Beach-8126

Short IBIT

closvidal

I do CSP and CC on IBIT two to three times per week. 😁

Unbalanced_Acctnt

I chose FBTC over IBIT for those reasons and Fidelity has talked about in kind redemption of shares for actual Bitcoin. It’s not an option for retail investors yet, but hopefully in the future.

GettingFasterDude

My 16-year-old daughter wanted some Bitcoin in her savings mix (alongside money market and S&P 500 funds), so we put it in **FBTC**. I like that Fidelity embraced Bitcoin about 10 years ahead of other TradFi players, and that they self-custody the coins, unlike BlackRock's IBIT which relies on Coinbase (whose customer treatment is terrible). I also hold some FBTC in my Fidelity 401(k) for the tax perks, though most of my BTC exposure is spot Bitcoin in cold storage. Fidelity was the first major TradFi firm to let people buy spot Bitcoin and actually withdraw it to their own custody. Most others insist on holding your keys. Long term, the more regular people hold Bitcoin in cold storage, the better it can serve as a real exit from the fiat system.

Groundbreaking-Gap20

IBIT? I’m assuming that’s an ETF that tracks bitcoin, right?

WorthwhileDomains

I pray it's soon, down a shitload of money on IBIT calls for March, June, August

BlacksmithPlane3988

You can check the IBIT (Blackrock Bitcoin ETF OP references) flows easily online: https://etfdb.com/etf/IBIT/ You’ll see that the past three months saw significant net outflows. This means Blackrock is selling actual bitcoins backing the ETF. In general many institutional investors are currently decreasing their bitcoin positions, that’s just a normal reaction to a higher risk environment in the markets (eg AI uncertainty, interest rates not budging in the US, Trump being Trump). You’ll see the money go into save haven assets such as gold or the swiss franc (very overvalued lately). I wish people would see bitcoin for an investment vehicle following the same laws as any (very risky) asset and less of a tea leaves reading exercise.

svtboxer

I use IBIT and will sell calls against my shares

ms-roundhill

I am mostly in IBIT, the ETF, and I'm doing covered calls on it so that I can recover the money while Bitcoin decides what direction it wants to go in

RogerBalderer

IBIT is making it impossible for bitcointo stay up, way to tied to the market and scared boomers now

asuragana

Great step…but where are you storing it? Did you think about buying IBIT or any other etf than buying btc?

OkAdvisor249

Abu Dhabi buying 1 billion in bitcoin while retail panic sells is the signal. Big money knows something. They don't move this much on emotion. IBIT down 23% and institutions are loading up. This is textbook contrarian setup. Retail always gets it backwards

povshop

This is actually a pretty classic pattern — institutions have the patience and conviction to buy when prices are down, while retail tends to panic sell into their bids. Abu Dhabi isn't doing this by accident; a sovereign wealth fund doesn't move $1B into an asset class without serious due diligence and a long time horizon. The fact that they increased their position by 46% during a quarter where IBIT lost 23% of its value tells you everything about how they view this dip. Retail selling to institutions at these prices might be something people look back on and regret. Smart money is quietly accumulating, same story as always.

coinfeeds-bot

tldr; Abu Dhabi's sovereign wealth funds, Mubadala Investment Company and Al Warda Investments, increased their holdings in BlackRock's spot Bitcoin ETF (IBIT) during Q4 2025, despite a 23% crypto market decline. Their combined exposure now exceeds $1 billion, signaling a strategic shift to include Bitcoin as a core treasury asset. This move aligns with Abu Dhabi's broader embrace of digital assets, supported by updated regulations and infrastructure investments, positioning the city as a global hub for digital finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ragnogrimmus

When the stock surges 400% over a month you will regret not holding at least some. Sentiment changes like the ocean tides. If everything stays as it is, Microstrategy will surge again in June this year and continue up until the next major sell off happens. I do not work for Motley and I do own shares in Microstrategy. IBIT is another 1 to hold on to but I would wait until April May before jumping in on them. Tax season is here and it was a record breaking year on the NYSE. So you may see some of the shorter sales sell off in the next 30 days. And another year of HUGE growth in AI and tech and BITCOIN is "INVOLVED" with big tech. This is not investment advice.

dakinekine

They didnt even buy bitcoin. They bought the Blackrock bitcoin etf IBIT. Lmao

obscureobject2574

I feel exactly the same way. Buying a few grand of IBIT twice a month since last November and will continue thru end of the year. 

Due_Conflict6428

Supply crunch will definitely come into play soon. Almost 8% owned by MSTR and IBIT alone, no idea how much will be left with the other ETFs and whales accumulating.

turribledood

Ffs, how do people still not know how the ETFs work? BlackRock doesn't own BTC. BlackRock's **ETF customers** own BTC via IBIT, (and others) and BlackRock rakes a fat expense ratio off of those customers.

KateR_H0l1day

It depends on how they’re measuring to get their numbers! For example, you can easily say/see Strategy as a Business or ETF in the numbers and IBIT, & the BTC-TC’s etc in the ETF’s. However, those are just holding companies for retail, and retail defines when to sell, where retail sells MSTR & Strategy retains its BTC holdings. Whereas, IBIT etc. have to sell BTC to fund the retail sellers, so interpret the numbers how you will.

Financial_Design_801

Mubadala Investment Co PJSC, one of Abu Dhabi's sovereign wealth funds, increased its stake in IBIT by 46% in the fourth quarter to 12,702,323 shares - SEC filing Sovereigns are here & buying the dip

Goodintentions86

Hi all, I’m a European expat living long-term in a country where Bitcoin trading is heavily restricted locally. I still maintain bank accounts in Europe and would only use offshore funds — no local banking rails involved. I’m looking at Bitcoin purely as a 10+ year hold, not trading. Before moving forward, I’d really value input from anyone who has navigated similar cross-border situations. A few questions: 1. If someone lives in a restrictive jurisdiction but uses a regulated exchange abroad (e.g., Kraken, Coinbase) with offshore funds, what practical risks should they realistically consider? 2. Does accessing an exchange via VPN from such a country tend to create account compliance issues in practice? 3. From a long-term perspective, would a spot Bitcoin ETF (like IBIT) be a more sensible route in this situation compared to holding BTC directly? 4. For those who’ve faced regulatory gray areas where they live — how did you think about balancing sovereignty/self-custody vs. minimizing life complications? I’m not looking for legal advice — just real-world experience and thoughtful perspectives. Thanks in advance.

Hot_Philosopher3199

Yup. I SC'd a long time, but now that the ETF's are available, I am much more at ease. And I sell Covered Calls on IBIT, so that's a bonus.

No_South_9912

Why not trade inside your investment account? Swap some of your ETFs/Stocks for IBIT or FBTC?

DaveDel

I just took out 100k HELOC on my home and bought a full BTC worth of IBIT. Selling 6% OTM weekly calls for 1k. Looking to DCA on any dips. Considering running a strangle strategy with CSPs but want to make sure not to over do it this early into a turndown.

Alarming_Copy_4117

contribute a little to a S&P500 index fund until they are 20 and that 8-14%+ per year growth will be a really nice gift ontop of the crypto exposure. You may also like BTC stocks such as MSTR, IBIT, and some of the Ethereum stocks that stake for profit such as BMNR

too-many-things-todo

I have a UTMA for my daughter. I invested $50 per week since she was born and I’ll continue to do so. I split it between SCHG/SCHD/IBIT/SCHF and IAUM so the whole market is covered

d33ply_xyz

blackrock's IBIT alone holds $54B in AUM, roughly 786,300 BTC in custody. they control 59% of all spot bitcoin ETF assets. wells fargo, bank of america, and even vanguard are now distributing bitcoin ETFs to clients. the thing satoshi built to bypass institutions is now a product those exact institutions package and sell for management fees

liveautonomous

I have IBIT. No cold storage for me. Cheap to buy shares.

Putrid_Pollution3455

I came up with this strategy four months ago and it’s the longest time I’ve been able to stick to something….I have three assets; Bitcoin, short term treasuries, and global equities. I buy whatever is lagging compared to the other two. When the portfolio doubles, I’ll rebalance back to target. In between paychecks I’ll use up to 10% margin to force balance on IBIT or VT. I’ve thought about just throwing 1/3 into each and calling it a day but buying the laggard has a fantastic benefit of basically harvesting volatility during pullbacks and accumulating dry powder during bull markets

FlowlyIndicators

I wrote an article on TradingView about how to read these volume flows. Goes over the logic volume flows, what they mean, how to read them, liquidity and more. For anyone interested, please refer to here: [https://www.tradingview.com/chart/IBIT/ChY4orQG-Reading-volume-flow-38-billion-real-time-example/](https://www.tradingview.com/chart/IBIT/ChY4orQG-Reading-volume-flow-38-billion-real-time-example/)

HaywoodJablome69

If you've got a nice stack in cold storage, I'd buy IBIT in a brokerage account Sell calls against it, roll them up and out if Bitcoin rallies, much more income potential than STRC

unknownnoname2424

If you have 10k to put in, then buy immediately 5k worth and every week just keep adding 500 bucks... You will average out great on either way as no one here really know what will happen but just pure speculation. IBIT is one of the best routes to go with.

Scary_Metal2884

We did a study of the ETF IBIT, HODL, BTC. Both IBIT and HODL have lowest slippages. IBIT fees are much higher than HODL. IBIT has a deeper order book in case you are afraid of moving the market with your orders. I eventually went with HODL for lower fees

Aurorion

I don't think SIPC covers tail risks such as ETF holdings getting hacked. But yeah, ETFs are a much better option than leaving on exchanges, and easier for the average investor. To reduce risk further, just diversify across multiple ETFs such as IBIT, FBTC, FBTC, etc.

One_Talk_3410

Buy FBTC & IBIT in a Roth IRA

RSI-Watcher

IBIT or FBTC. They're the same, yet different in the way they hold their own bitcoin type investment. But either are fine.

ProfessorBagholder

FBTC or IBIT work just fine

Cold_Respond_7656

That’s incorrect ETF name & symbol Fee Grayscale Bitcoin Mini Trust (BTC) 0.15% Franklin Templeton Digital Holdings Trust (EZBC) 0.19% Bitwise Bitcoin ETF (BITB) 0.20% VanEck Bitcoin Trust (HODL) 0.20%* Ark 21Shares Bitcoin ETF (ARKB) 0.21% iShares Bitcoin Trust (IBIT) 0.25% Fidelity Wise Origin Bitcoin Fund (FBTC) 0.25% WisdomTree Bitcoin Fund (BTCW) 0.25% Invesco Galaxy Bitcoin ETF (BTCO) 0.25% CoinShares Bitcoin ETF (BRRR) 0.25% Hashdex Bitcoin ETF (DEFI) 0.25% Grayscale Bitcoin Trust (GBTC) 1.50%

DietFoods

Started dipping my toes into IBIT the last couple of days. 

LetWinnersRun

I have 400 shares of IBIT in my Roth. I’ll probably add a little to the position though.

TheCatOfWallSt

5200 shares of IBIT, but yeah close to 3 BTC worth

C_B_Doyle

It crashes when volume dries up because low volume means buyers vanished, so one seller can slam price lower, while stocks usually hold up because forced buyers create a floor. It doesn’t make money, doesn’t own anything, and doesn’t pay you anything. The price moves because people feel like buying it. When they don’t, bids disappear and it can fall fast. Timeline 2008 – White paper by “Satoshi Nakamoto.” 2009 – Network launches. No business, no revenue, just code + scarcity. 2009–2010 – Early names: Hal Finney, Adam Back, Nick Szabo, Wei Dai. Satoshi’s early funds never move. 2011 – Len Sassaman (close to Finney) dies. Some people guess he could be Satoshi. No proof. 2014–2016 – Epstein invests in Blockstream and is linked to Sharia-compliant pitches (which avoid interest and prefer real assets). That actually shows the problem: it has no yield. 2017–2018 – McAfee hype era. Big talk, big promotion, classic pump cycles. 2020–now – Michael Saylor goes all-in. ETFs/funds show up. More money comes in, but now you also get custody and counterparty risk. Not useful money for stores: too volatile, taxed, slow, and everyone still needs fiat. No real smart contracts on the base layer. Anything fancy needs layers or custodians → more moving parts, more risk. How the Price Really Works Price = last trade. “Market cap” is just math, not value. The buyers are mostly speculators. Low volume alone doesn’t crash price. Crashes happen when bids get pulled. When the order book gets thin, the next real bid can be way lower → air pockets and gap-downs. Stocks usually have buyers (buybacks, value funds, insiders, index funds). It doesn’t. There’s no natural floor. Custody Is a Minefield Your keys = your money. Lose them and it’s gone forever. People use hardware wallets, metal seed plates, passwords. Still easy to mess up. Public blockchain: transactions are traceable. Privacy is weak. Hacks happen: phishing, SIM swaps, malware, exchange failures. Lost passwords: a big chunk of supply is already gone → fake scarcity, worse liquidity. KYC ties your identity to wallets. ETFs/funds (like IBIT) add fees, counterparty risk, and rehypothecation risk. The Big Economic Problem No earnings. No assets. No yield. No valuation anchor. Demand is belief-driven. If belief fades, buyers vanish. With no floor, price can fall to almost any level. Early holders only win if new buyers keep showing up. Nothing productive supports the price. It is an intangible, no-cash-flow, no-yield asset with fragile, sentiment-driven liquidity. It’s hard to secure, easy to mess up, and has no natural buyers when things go bad. The price runs on hype and inflows. When that stops, it can drop fast. In practice, it behaves like a high-risk speculative pump-and-dump, not real money.

Romanizer

After all, IBIT is the revenue leader with the highest fee of all major ETFs. If BlackRock wants to sell anyhting, it's Bitcoin.

KiNg-MaK3R

Good point OP. Also genuine question and not sure if anyone knows this - how about the spot ETFs? I've got some bitcoin in IBIT in my retirement account. Is that basically like bitcoin on the exchange as well as also leveraged against using derivatives?

moonape6969

IBIT under $40 is a great but long term, 4-8 years.

C_B_Doyle

Bitcoin crashes when volume dries up because low volume means buyers vanished, so one seller can slam price lower, while stocks usually hold up because forced buyers create a floor.Bitcoin doesn’t make money, doesn’t own anything, and doesn’t pay you anything. The price moves because people feel like buying it. When they don’t, bids disappear and it can fall fast. 🐻 Timeline 2008 – White paper by “Satoshi Nakamoto.” 2009 – Network launches. No business, no revenue, just code + scarcity. 2009–2010 – Early names: Hal Finney, Adam Back, Nick Szabo, Wei Dai. Satoshi’s early coins never move. 2011 – Len Sassaman (close to Finney) dies. Some people guess he could be Satoshi. No proof. 2014–2016 – Epstein invests in Coinbase/Blockstream and is linked to Sharia-compliant crypto pitches (which avoid interest and prefer real assets). That actually shows the problem: Bitcoin is intangible and has no yield. 2017–2018 – McAfee hype era. Big talk, big promotion, classic pump cycles. 2020–now – Michael Saylor goes all-in. ETFs/funds show up. More money comes in, but now you also get custody and counterparty risk. Bitcoin is a digital token. It has no assets, no cash flow, no yield, and no floor. Not useful money for stores: too volatile, taxed, slow, and everyone still needs fiat. No real smart contracts on the base layer. Anything fancy needs layers or custodians → more moving parts, more risk. How the Price Really Works Price = last trade. “Market cap” is just math, not value. Bitcoin’s buyers are mostly speculators. Low volume alone doesn’t crash price. Crashes happen when bids get pulled. When the order book gets thin, the next real bid can be way lower → air pockets and gap-downs. Stocks usually have buyers (buybacks, value funds, insiders, index funds). Bitcoin doesn’t. There’s no natural floor. Custody Is a Minefield Your keys = your money. Lose them and it’s gone forever. People use hardware wallets, metal seed plates, passwords. Still easy to mess up. Public blockchain: transactions are traceable. Privacy is weak. Hacks happen: phishing, SIM swaps, malware, exchange failures. Lost coins: a big chunk of supply is already gone → fake scarcity, worse liquidity. KYC ties your identity to wallets. ETFs/funds (like IBIT) add fees, counterparty risk, and rehypothecation risk. The Big Economic Problem No earnings. No assets. No yield. No valuation anchor. Demand is belief-driven. If belief fades, buyers vanish. With no floor, price can fall to almost any level. Early holders only win if new buyers keep showing up. Nothing productive supports the price. Bottom Line Bitcoin is an intangible, no-cash-flow, no-yield asset with fragile, sentiment-driven liquidity. It’s hard to secure, easy to mess up, and has no natural buyers when things go bad. The price runs on hype and inflows. When that stops, it can drop fast. In practice, it behaves like a high-risk speculative pump-and-dump, not real money.

CoffeeAlternative647

>The money printer (inflation) sucks. You can keep purchasing power up by investing in a broad market index ETF. Not with the performance of Bitcoin. In ETF's specifically, winners pay for the losers. The S&P for example is just a mirror of the money printer. > Do you mean circumventing laws? >How often do you transfer your complete wealth btw? Seems like a niche. >I travel with just my phone, with a digital credit card, with all currencies. No issues. I do not mean circumvent laws. I mean soverignty. There will be a time in my life I will have to hand my entire wealth to my spouse and kids. Rather do it without the interference of any government. Again, sovereignty. Good, till your bank closes your account for no reason and you wait months for them to settle and hand you your funds. This application is full of complaints from apps like Revolut that suddenly closes their accounts and lock their funds for months. > I would rather give them my money and live (!) and get the money back from my bank via insurance. Still, you're putting way to much trust on a 3rd parties that is not certain to refund you. You pay big premiums for something that's not certain. Once you put your money in a bank, its their money, not yours. I'd rather have responsability on my money instead of hand that responsability at a cost, to some people that I do not know. > Bitcoin ETFs (e.g. IBIT) make it very easy for investors to invest in Bitcoin. If you buy IBIT you're buying an IOU that gives you exposure to Bitcoin's price. Bitcoin isn't something you invest. Bitcoin is money. You save in Bitcoin.

TheresNoSecondBest

>The money printer (inflation) sucks. You can keep purchasing power up by investing in a broad market index ETF. Not everyone can. The poorer you get, the less choices you have. The poorest cannot even open a bank account and are forced to save in cash, getting to hit the hardest. >Do you mean circumventing laws? Like the example of supporting a military of attacked country, I've linked earlier. >How often do you transfer your complete wealth btw? Seems like a niche. He's not talking about complete wealth. In the majority of cases it's about a small portion, while **knowing I can access to all of it if needed. Common people living in Ukraine can't.** >I travel with just my phone, with a digital credit card, with all currencies. No issues. There are many companies like Conbase, offering the same for bitcoin. No issues, if you're happy with someone else holding your money. >I would rather give them my money and live (!) and get the money back from my bank via insurance. The same is AGAIN, doable with bitcoin, having it in an account with a custodians. Also, once you give them your money, why would they let you live? >Bitcoin ETFs (e.g. IBIT) make it very easy for investors to invest in Bitcoin. There you have it, mate. Bitcoin at a custodian. Go nuts, if you like other people holding your money. Some of us are responsible enough to take care of our money despite the "negatives".

9xD4aPHdEeb

> Bitcoin is a monetary system outside the traditional rotten money printer system that sucks your purchasing power over time, punishing savers and rewarding spenders. Your work is rewarded with something that someone can print endlessly and effortlessly with a push of a button. The money printer (inflation) sucks. You can keep purchasing power up by investing in a broad market index ETF. > you don't need permission to access, transfer or use your wealth. Do you mean circumventing laws? How often do you transfer your complete wealth btw? Seems like a niche. I travel with just my phone, with a digital credit card, with all currencies. No issues. > Its also inconfiscable that even if someone points a gun to your head they can't access it unless they negotiate with you. They kill you, no access. We can discuss either someone is willing to die for their wealth, but thats another topic. Personally, my family can access my BTC without asking me anything, so if someone kills me to access my BTC it will be in vain for them and my family has total access to it. You can also easily use decoy wallets and hide the real cake while hand the cherry to the thief. I would rather give them my money and live (!) and get the money back from my bank via insurance. > Bitcoin is a one of a kind asset and it still is out of reach for the vast majority of people to wrap their heads around it no matter how intelligent these people are. Bitcoin ETFs (e.g. IBIT) make it very easy for investors to invest in Bitcoin.

PassengerRecent7002

This highlights the impact of Gamma Squeezes and Delta Hedging in regulated markets. Unlike native crypto perps, ETF options force Market Makers (MMs) to buy/sell the underlying ETF shares to remain neutral. When the BTC price dropped, MMs' delta exposure decreased rapidly, forcing them to dump excess IBIT shares into a thin market to stay hedged. Combined with the Yen Carry Trade unwinding (increasing borrowing costs), this created a liquidity trap. While crypto Twitter looks for on-chain whale movements, the real selling pressure originated from institutional delta-neutral rebalancing in the TradFi plumbing.

DA2710

I had an ultra high net worth mentor type call me on Friday and ask me how to buy bitcoin. He’s 71, mega wealthy from real estate. Has white glove service at Goldman Sachs etc. He really didn’t know that you can download an app like river or Coinbase and was completely unaware of IBIT. We tend to think Bitcoin is prolific and everyone knows or has thought about it. I’m guilty of this. But hearing his genuine lack of knowledge or awareness was a positive sign to me how truly early we are. The older cohort doesn’t take risks , doesn’t look for new ideas , they wait for their advisors to tell them or they hear something from a friend and maybe then. When we have had some time to educate this cohort it will be a positive catalyst that’s silent but moves the needle.

OkSeries5363

"lol the APs are ALL hedge funds" Nope they arent? The IBIT APs include JPMorgan, Goldman Sachs, and UBS. These are G SIBs global systemically important banks. Under basel III regulations these banks face a 1250% risk weight on Bitcoin. This means for every $1 of Bitcoin they hold they have to set aside $12.50 of their own cash as a penalty. It is mathematically and legally impossible for them to hold it for a few hours to see if they can make a buck. "lol these corporations have trillions" You are fundamentally confusing AUM assets under management with corporate balace sheet. BlackRock has trillions in AUM but that is other people's money they cant legally buy bitcoin with other peoples assets. A JPMorgan trading desk has a limited amount of the banks own cash. You are describing an insane business model where a bank 1. Sees the retail market panic selling Bitcoin. 2. Uses its own limited corporate cash to buy those falling shares. 3. Receives the Bitcoin and holds it while the price continues to crash. Think about that. You are arguing that the worlds smartest banks make money by catching a falling knife with their own capital. If they dont sell that Bitcoin immediately to recoup their USD, they run out of cash and their desk goes insolvent. No bank on earth stays in business by trading away liquid USD for a falling volatile asset just to see what happens. That isnt a strategy its a suicide mission. They arent speculators they are a toll bridge. They receive the Bitcoin dump it on the open market immediately to get their cash back and keep the tiny $0.01 spread. The proof is in the NAV tracking. If the APs were waiting like you suggest the ETF would be a disaster that didnt track the price.

CryptigoVespucci

I'd guess it's probably still higher than it's ever been. A bunch of people got liquidated and had to sell, but the ETF outflows actually haven't been that crazy. Pretty sure Blackrock's IBIT saw net inflows on the worst day of the sell-off.

ProfessorBagholder

Bitcoin is not a company and does not have a "product". If you care about owning Bitcoin and its underlying ethos, then self-custody is the only play. >Does self custody still matter once you start using financial products Maybe you can elaborate as to what exactly you mean about using financial products. If one is getting exposure to Bitcoin via an ETF such as IBIT or FBTC, is that "using financial products"? Without more context it seems like a strange question to even ask. Whether one might opt to utilize one of those ETFs for example is not mutually exclusive to somebody else preferring to self-custody.

Ok-Sympathy9768

Yup.. I believe you are right about the 4 years cycle .. denial or conviction, call it what you want, I should have recognized the signs before it dipped below 100k… cost me well over a million in profit.. cashed out in tranches at 90k,80k,75k, and 69k(last ATH).. a majority of buys were lump sum at 3k, and 16k, with small amounts DCAd over that timeframe .. the last of my holdings, a small amount of exposure in IBIT ETF, equivalent to about 2 whole coins, is getting sold in about 5 minutes when the market opens (can’t go broke taking a profit)… good luck to everyone on their BTC journey…

WorthwhileDomains

I've been holding since 2020, but this one hurt pretty bad, considering I had loads of IBIT calls for March and June.. now all almost worthless

fucken_jim

If reading seems complicated then Bitcoin isn't for you. It defeats the whole purpose of Bitcoin, but if you want exposure, buy IBIT

AutoModerator

Post is by: Own-Cartographer409 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qzt7zi/why_did_bitcoin_crash_etfs_options_global_macro/ Why did Bitcoin crash? Not panic. A leverage blow-up. This drop came from ETFs + options + global macro colliding. Hong Kong hedge funds loaded up on deep OTM call options on IBIT, funded by yen carry trade money, betting on a short-term BTC moon. What went wrong • BTC failed to rebound • Yen carry trade worsened → funding costs jumped • Funds also had silver exposure • Added leverage to recover losses • Margin calls hit • Forced liquidations followed • Large IBIT selling spilled into spot BTC Why no one saw it This wasn’t on-chain. It happened in spot ETFs + ETF options. Key difference vs the past CME options were cash-settled → no need to trade real BTC. ETF options are linked 1:1 to spot ETFs. The mechanical part • Deep OTM calls → low delta → MMs bought little IBIT (quiet on entry) • BTC dropped → delta → 0, gamma collapsed • MMs were stuck with excess IBIT • To stay delta-neutral, they mechanically sold into a falling market Quiet on the way up Violent on the way down Takeaway Opacity + leverage + ETF options is dangerous. This crash makes a strong case for putting ETFs and options on-chain. Just a theory, but cleaner than most narratives out there *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.*

harvested

Bitcoin + IBIT + MSTR + STRC = full diversification 🤣

Power_Drawing6025

IBIT and FBTC (ETF funds) $25K in each.

CapitalDeal1655

Thanks for this, I have a decent amount of IBIT in trading 212 ISA already. I have looked into the new updates for this, and apparently most likely scenario will be that purchases of IBIT in S&S ISA will be able to be grandfathered/remain, but new IBIT buys will have to be under the IFISA. Trading 212 have confirmed that a forced sell is unlikely at this point, but even just this BS makes the whole 'not your keys not your coins' saying more true lmao.

uncapchad

From **6 April 2026**, crypto ETNs held in Stocks & Shares ISAs will be reclassified as **Innovative Finance ISA (IFISA)** investments.  This change may affect platform availability, and some platforms may not support IFISAs, potentially forcing investors to sell or transfer holding If you're considering crypto exposure in an ISA, cETNs from providers like 21Shares, WisdomTree, or ETC Group are currently the only eligible options. IBIT remains excluded from UK ISAs due to regulatory incompatibility

Detstar

Genuine question, how does this argument apply to BTC funds like FBTC and IBIT?

EcstaticCell1511

Id rather hold IBIT than hold bitcoin on exchanges imo.

JuanPabloEscobar

Same people bashing this statement are the ones scolding people for wanting to buy IBIT. Community is toxic to anyone who actually wants to invest in btc, then complain when people don't adopt. Plus, majority of people on this sub probably have less than 0.1 btc and act like they are going to change the world

Sir_Richard_Dangler

I only have bitcoin in my Roth IRA (IBIT) No taxes and I have no reason to be tempted to sell for the next 30 years. If I'm low on funds, I'll work harder.

watch-nerd

They're correct. HK hedge fund was levered to the tits on IBIT once the cap was removed.

Ok-Sympathy9768

I lump summed at 3k .. and again at 16k… my goal was 10 million.. I lost all perspective..watched well over a million in profits dwindle away because of conviction .. so pissed and regret I didn’t sell at 100k.. started offloading in tranches- a chunk at 90k, then 80k, then 75k, and the last of the stack at 69k( except for a minimal amount in a ETF-IBIT).. that’s it, my btc journey concluded this past week..a little sadness and feeling a depressed never was able to hit my btc 10million goal… but not hodling through another BTC winter.. had to take profits and live life…

Away_Vermicelli5602

Buy IBIT in that case on margin, same as buying bitcoin. Only difference is you can’t get out or buy 24 hours

Swanky_Gear_Snob

Institutional crypto has turned into a machine that extracts value from retail. Spot ETFs like BlackRock IBIT and Fidelity FBTC, CME futures, options, perpetual swaps and structured products let funds profit from volatility, crashes and liquidations through shorts, leverage and basis trades. Price is driven by derivatives desks and macro flows, not real usage. A small group of custodians and institutions hold huge portions of supply, while paper Bitcoin and rehypothecation dilute the scarcity narrative. We have already seen how this ends for retail with FTX, Celsius, BlockFi, Terra and countless liquidation cascades. People lose everything while funds collect fees and trading profits either way. The tech side is not immune either. AI is accelerating exploit discovery and protocol attacks. Quantum computing is a real long term risk to current cryptography and signatures. If large scale quantum becomes practical, much of today’s blockchain security model is compromised. The reality is decentralization is shrinking, financialization is total, and the security assumptions are not permanent. Crypto is increasingly just another Wall Street asset class where retail takes the risk and institutions extract the value.

EyeSea7923

I actually bought for the first time. Long calls on IBIT, and a couple puts end of yesterday to straddle that may not count here. Nonetheless, it felt like a good price point to take a risk. I think there are better risks to reward ratios out there, but volatility can be our friend.

lukypunchy

I'd love to find out if this dip was the fault of some foreign trad-fi being too leveraged into IBIT

bansoma

I have both. Mostly for tax purposes, though custody and survivorship play into this as well. Less taxes = more buying. 30 years from now with high gains this will be a pittance, a small price to pay for ROTH untaxable BTC-like holdings. Just keep in mind that GLD and SLV are currently delivering for \~+5% over spot price when buying physical rather than the paper asset. Similar things will likely happen with IBIT if you ever try to request physical(electronic) delivery -- you won't get the full 100% of value, you'll get something else... I wouldn't neglect holding pure BTC. If it isn't your keys it isn't your crypto at the end of the day.

bbatardo

Here are mine. I use IBIT puts to short and some I paper hand too early lol https://i.redd.it/kdotoelk3yhg1.gif

R3dFiveStandingBye

I bought two shares of IBIT at 60k last night. I saved the market. Nice.

SeveredBrain2020

> I either keep the premium or get the coin How? I mean, I can sell a put on IBIT, but that doesn’t get me a UTXO

SeveredBrain2020

> I either keep the premium or get the coin How? I mean, I can sell a put on IBIT, but that doesn’t get me a UTXO

OpticallyMosache

Did my first conversion of VTI to IBIT in my Roth IRA. Proud owner of 100 IBIT (proxy for real BTC) The way I view it is I have enough native BTC to capture the value of holding a truly bearer asset on a permisionless monetary network. These BTC should never be sold. But then there's an aspect of wanting to ride the upside of BTC's price appreciation. Holding something like IBIT provides this plus I get a 1099 issued if I ever sell which makes tax reporting easy. Anyway, always felt IBIT was wrong but it's not necessarily wrong if you're buying some BTC for NGU technology.