IBIT

LostNtranslation_

I do IBIT for bitcoin and VOO with 10% HYSA.

Mynameismikek

There's an argument that MSTR is ONLY a BTC treasury, so what point does it serve beyond something like IBIT? If they want a valuation above their BTC holdings they need to offer some purpose, like being a liquidity provider, or some crypto tech stack or something. Saylor seems totally uninterested in doing that though.

KlearCat

Who is adopting bitcoin? The bitcoin ETFs are the fastest growing ETFs of all time. For months 10% of ALL inflows across all ETFs of the entire US stock market was 1 single ETF…….IBIT. The largest asset manager in the entire world’s most profitable ETF? Their Bitcoin ETF. And you ask where’s the adoption? It’s staring you right in the face. It just doesn’t look like you thought it would.

FnAardvark

Yes, because a random tweet with no sources said so. It makes total sense too that they would think BTC is going to go down when they announced their structured note that pays 1.5x leverage in IBIT today. Oh wait....

Notrustjustverify

Texas bought $5M in IBIT ETF and plans to self custody another $5m for their strategic reserve. https://finance.yahoo.com/news/texas-buys-5m-bitcoin-etf-061248580.html

yldf

You lost me at the word halving, which has no significant fundamental impact (only a minuscule one) on the Bitcoin price. And IBIT price for Bitcoin at 150k is about 85.

harvested

JPM announced a pretty big IBIT note aimed at institutions

MrKillerKiller_

If you can buy BTC what the fuck would you be paper trading BTC through a fucking middleman for? Masochistic and eager to pay fees and never own any actual BTC is a fools errand. Fuck IBIT with 1000 dicks.

KryptoSC

I believe your investment thesis is flawed, mainly due to the regime shift in the Bitcoin markets. Now that institutions and traders can utilize options, futures, and can short Bitcoin (especially via IBIT) it will prevent the extreme volatility swings. Reaching 50k is highly unlikely, in fact I think reaching 70k is also very unlikely without a large FTX-style collapsing event, such as Strategy being forced to sell half their Bitcoins. I think a better approach would be to DCA when the Fear/Greed Index drops below 20.

coinfeeds-bot

tldr; Texas has invested $5 million in Bitcoin through the BlackRock iShares Bitcoin Trust (IBIT), marking the first state-level public fund allocation to Bitcoin. This purchase, made on November 20, 2025, is part of a $10 million Strategic Bitcoin Reserve authorized by Senate Bill 21. The state plans to transition from ETF shares to direct custody of Bitcoin once custody systems are established. This move is seen as a hedge and diversification strategy, potentially influencing other states to consider similar investments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

meshreplacer

The question is will retail swap to SPY which pays a dividend from income generated by business and swap out of IBIT.

watch-nerd

You know you can buy IBIT without being an advisory client of BlackRock, right?

AutoModerator

Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/25991/ Texas has become the first US state to publicly invest in Bitcoin, purchasing $5 million worth of shares in BlackRock’s IBIT ETF on Nov. 20. *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.*

CriticalCobraz

**Summary:** The state of Texas has made a historic move by becoming the first U.S. state to purchase Bitcoin for its treasury, establishing a Strategic Bitcoin Reserve following recent legislative approval. The state acquired $10 million worth of Bitcoin on November 20 through BlackRock's IBIT spot Bitcoin ETF at an approximate price of $87,000 per coin. This method was chosen to ensure regulatory compliance and ease of access while Texas finalizes its own custody framework. The state's long-term intention is to eventually self-custody the Bitcoin, shifting to direct control of its holdings. This pioneering action positions Texas as a leader among U.S. states in digital asset adoption and signals a potential shift in how public entities approach cryptocurrency treasury management.

oldirishfart

Hmm why IBIT has outlets while FBTC has inflows

user_name_checks_out

> I had an extra $32000 of cash on the side. Sold a cash secured put for IBIT for the 40 strike expiring on September 2026. > Collected $3500 in premium and went out and bought a mirrorless camera lmao What a load of nonsense. Gambling, and frittering away the proceeds. Forget ETFs, puts, and cameras. Just stack sats and hodl.

coinfeeds-bot

tldr; BlackRock's spot Bitcoin ETF, IBIT, has experienced net outflows despite Bitcoin's short-term recovery. Over two days, IBIT saw a net outflow of $66 million, indicating profit-taking by large holders as Bitcoin approached $88,000. This contrasts with inflows into other ETFs like Fidelity's FBTC. Analysts view BlackRock's flows as a sentiment indicator for institutional interest, suggesting caution despite Bitcoin's price rebound. The outflows may reflect institutional rebalancing rather than diminished confidence in Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Hokie027

Odds of it hitting above 125k this cycle is exceptionally low based on historical data from halving cycles. If I were betting (and I am with IBIT puts) I’d say 30k is far more likely than 150k in the next year… I’m targeting 40-50k though.

AutoModerator

Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/25987/ Texas may have the first leg off the starting line in the race to put bitcoin on state balance sheets. The state reportedly executed its first allocation to its Texas Strategic Bitcoin Reserve, according to posts from the Texas Blockchain Council indicating a roughly $5 million purchase of BlackRock’s IBIT last week #Texas #IBIT #Bitcoin #BTC #Crypto #Cryptocurrency #SocialFi #Animalverse *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.*

Renowned_Molecule

XRP is awesome! Canary Day 1 beat 900+ ETFs for 2025. Even beat IBIT’s Day 1 inflow in January 11, 2024. 

coinfeeds-bot

tldr; Texas has made history as the first U.S. state to purchase Bitcoin, initiating a $10 million government reserve program. The acquisition was executed through BlackRock’s iShares Bitcoin Trust (IBIT) at approximately $87,000 per Bitcoin. This move aligns with Texas's legislative efforts to establish a Strategic Bitcoin Reserve, aiming for long-term strategic asset management. The state plans to transition to self-custody of Bitcoin after completing necessary processes, setting a precedent for public institutions' adoption of digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Yoshi461

IBIT

yajvk

Why don't you switch from MSTR to IBIT instead? No need to worry about what Saylor does or whether MSTR is part of index funds or not.

Practical-Company729

I'm bought Jan 2028 IBIT leaps.

watch-nerd

IBIT and SPY have a correlation of 0.05.

ben02015

I think it’s because Strategy (MSTR) is likely to be delisted from index funds Index funds are supposed to contain different companies. But they claim that MSTR is essentially not a company at this point, but rather a fund. For example IBIT is an ETF for buying bitcoin. It’s a fund, not a company, and IBIT isn’t included in index funds. Likewise, GLD is the same but for gold - also not in index funds. They’re claiming that MSTR is essentially like a bitcoin fund and not a company, since bitcoin is >50% of the company value.

The_Faceless1

Lol, im not struggling, im just answering your flawed logic. "if there is no speculators to buy from you." If no one buys anything price will go down. No one buy iphone 17? price will go down. Its just logic. You are right, buying a share of a company that grows, in 10 years you will still have that business after 10 years of growth (if its growing, if not you are fked) With Bitcoin or gold, it doesnt grow, it doesnt do anything. But like i said, a price of company shares have nothing to do with the company itself, you can have a random dead public business 1 trilion valuation if some stupid mega rich person want to buy it at that value. It has nothing to do with the company. Now you "imagine there is no speculators to buy from you." who is speculators? i speculate Nvidia will 10x from now, am i an investor or speculators? hedge fund want to buy nvidia because they think it can still 10x from now, are they an investor or speculator? now imagine no one, even the company itself can buy Nvdia, but a hedge fund that has a fk ton of shares want to liquidate at any price they can do. Do you think price will not go down? you are naive if you think so. Your logic is flawed, because you can differentiate speculators and investor that easily. If all people who bought bitcoin and gold a speculators, so Harvard endowment funds is just a speculator? look how much they hold IBIT.

Backrus

You're not crazy. IBIT floor won't be the bottom of this bear market.

coinfeeds-bot

tldr; Spot Bitcoin ETFs experienced a significant $1.22 billion outflow last week, marking the fourth consecutive week of losses, totaling $4.34 billion. BlackRock's iShares Bitcoin Trust (IBIT) fund saw its second-highest weekly outflow of $1.09 billion. Meanwhile, Ethereum ETFs also faced outflows, while Solana and XRP ETFs saw notable inflows, reflecting investor diversification amid market volatility. Bitcoin's price dropped sharply but showed slight recovery, with market conditions remaining fragile. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Flimsy_Position4990

Great!, now what’s the plan to roll it out eventually to cold storage wallet? Or live off of IBIT and stack Sats?? Black Rock wants it all, convert it when you can..

NorthvilleGolf

Unfortunately can’t execute an order of IBIT on the weekend.

RabbitHoleSnorkle

Blackrock is a custodian for IBIT and performs buys and sells mechanically for it's customers. Does it hold any Bitcoin it actually owns?

Few-Chemist-3463

Funny how quickly sentiment changes. As a non-bitcoin believer, the lack of strength the past several months was noticeable. Every rip to all time highs was met with heavy selling pressure. Now the fact that it broke 100K and is testing support around 83K-86K is interesting, and now everyone here is calling for a major bear market.... I'll take the opposite position and expect a bounce back to 100K. I bought IBIT at the levels mentioned above.

nitroacid411

I'd take GBTC, IBIT... NOT really feeling anyone else ETF wise.

nitroacid411

Leave it. Hit up IBIT or ABTC or GBTC.

Head-End-5909

There are no upsides or downsides to owning IBIT vis-a-vis BTC since iShares IBIT is a spot ETF trust. So there’s nothing to lose by selling bitcoin at a loss and buying IBIT at your brokerage account. Honestly, it’s better than keeping it on a CEX I self-custody Bitcoin and own IBIT in my Roth IRA where there’s definitely a tax upside.

Peppers5

Wash sale rule is why I’d do it. It’s a bit of a loophole as of now. Seems like IBIT tracks proportionally to BTC so doesn’t seem like I’d lose any upside. Just worried of a 24 hour jump over news that would negate whole plan.

FreeSoftwareServers

Another reason I prefer IBIT vs Crypto. Can easily borrow against equity.

ben02015

OP is probably referring to something like Blackrock, although it’s a bit misleading. They just have a bitcoin ETF (IBIT). So Blackrock is not choosing to buy and sell for themselves. There just doing it based on people buying and selling the ETF. Like if people buy IBIT, the price rises, so they need to buy more bitcoin so that the holdings match the price. Same goes for selling.

Y0l0BallsDeep

Bitcoin’s turn is coming. It’s essentially a Wall Street meme coin, and it’ll be the “asset” dumped the moment the shit hits the fan . On top of that, you’ve got all these crypto-treasury companies levered to the hilt. They’ll be among the first forced to unload their BTC and ETH once the pressure ramps up. Buying puts on IBIT is probably a better way to make money off of BTC these days.

JimmyWhatever

I was 30% IBIT 15% MSTR. Sold MSTR down to 5% 61 years old. Will hold till 65, then reduce to 5-10% and primarily go to dividend ETF’s and VOO

Glittering-Pizza894

And I buy IBIT or you can buy FBTC

picaohm

GBTC, IBIT, there are a few options

oopy8

Open a brokerage account and buy IBIT for FBTC. Go to a Roth IRA custodian like Alto IRA and buy the actual coin inside of a tax advantaged Roth IRA. Soon banks will be able to hold crypto in their custody. Honestly, there are probably more secure offerings from Coinbase already. You don't have to go straight to cold storage. There are rails to get into bitcoin.

Daily-Trader-247

Yes, its a pain, just use a brokerage account and buy IBIT

MarloChrisSnoop

wait what? I didn't know this. You got a source? So when we retire, we can convert IBIT to BTC?

coinfeeds-bot

tldr; BlackRock's iShares Bitcoin Trust (IBIT) ETF experienced significant outflows in November, shedding $2.47 billion, contributing to a record $3.79 billion in US spot Bitcoin ETF withdrawals for the month. Fidelity's Wise Origin Bitcoin Fund also saw substantial outflows, totaling $1.09 billion. These outflows have pushed November to become the worst month on record for Bitcoin ETF redemptions, surpassing February's previous record. The downturn has coincided with Bitcoin's price drop to its lowest level in seven months. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

WorthwhileDomains

I hope not, my long IBIT calls will be practically worthless

SeaworthinessSad7300

ok break it down for me? You sell IBIT and buy BTC and the IRS dont consider it to be buying the same thing. Maybe USA is more loose but here in Australia the ATO will look and see if its effectively the same thing. They would consider an ETF of gold to be the same as buying gold bars. I have read their content on this and if its effectively the same underlying asset they wont let you get away with it

Backrus

Was, not anymore. Let's look at April low. NVDA, the biggest market cap in the world, did 2.5x from the bottom. BTC did like 50%. Even from bear market bottom it was underperforming META, etc. On a risk-adjusted basis is done until proven otherwise. It's also the only asset in the world this year that collapsed instantly the moment it went into positive gamma. And it should behave more like TSLA or gold in August - gap up and go, and you don't look back because gamma feeds onto itself. Free assets move like that, and, on top of that, are able to squeeze shorts. You could have been short BTC since December 2024 FOMC meeting and never be in danger. In a post halving year, with historically weak dollar and during later innings of the greates bull market in history. Let that sink in. Since BTC as freedom idealogy is dead, and has been for quite some time, I'm interested in outperforming debasement, and it seems like mega caps with passive flows are the way to go. Those and anything with decent momentum. Logically, one should assume that there will be frontrunning of new FED chair and ZIRP so bottom around May, but who knows. It depends how deep we'll go this bear. IBIT cost basis is at 80.5k. Selling will accelerate there. Zombie companies will start puking coins. MSTR will get delisted from indices because it's just a close fund (and for close fund with expenses being 6-10% below mNav is considered fair value). So my guess would be 30k-40k range as bottom. Maybe even below IBIT floor, why not? Unless US or Japan tumbles - BTC has never seen real recession so 4-digits is the possibility then. There's also a scenario that the real top was in early December 2024 because we got peak euphoria then and BTC has topped in gold terms (and it printed and confirmed nasty head and shoulders in gold terms now). All in all, fully financialised BTC aka hijacked coin has become everything I don't like about financial world so I sold my whole stack few weeks ago and I'm enjoying unfolding carnage now. But I can see reality when Wall St runs ETH without BTC because narrative is there and test pump in Q2 was quite successful.

coinfeeds-bot

tldr; Bitcoin's price slump to the $84,000-$73,000 range is identified as a potential 'max pain' zone, signaling a market capitulation and a possible cycle bottom. Analysts highlight the cost-basis levels of BlackRock's IBIT ETF ($84,000) and MicroStrategy's BTC treasury ($73,000) as critical thresholds influencing market sentiment and liquidity. ETF outflows and tightening liquidity conditions are contributing to the downturn, while stablecoin reserves on exchanges suggest potential for future rallies. Macroeconomic factors, including Federal Reserve decisions, remain key to Bitcoin's trajectory. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BerryImpossible412

Half buy spot bitcoin, half buy puts on IBIT

BerryImpossible412

No mental gymnastics. Bitcoins had a 30%+ drawdown more than 30 times. Is it going further down? Most likely. Market makers are making money whether it’s going up or down. If Billy and Kathy understand what they own the only sting is they didn’t purchase at the right time. If they yolo’d in expecting bitcoin only to go up they don’t know what they own. Billy and Cathie could also buy puts on IBIT and practically stop any bleed until this is over. If Billy and Cathie also yolo’d in money they needed in a time with no technical analysis where bitcoin was statistically overbought that is on them.

Premium_Hunter

This dude trying to shame me for owning IBIT instead of my own BTC. Blackrock will do a much better job handling that shit than I ever could. Also - BTC down 7% from a year ago. However, I've pocketed over $30k in premiums since then from selling covered calls against my shares.

northmariner

Here we go again is correct. Retail ETFs like IBIT are running like lemmings. Just a hunch but bottom seems much lower. I’m thinking April lows at a minimum. Where did the diamond hands go?

Backrus

It has nothing to do with flash crash, we have had plenty of those thought history. It has everything to do with ETFs and IBIT options - for the last year every US session is just ping-pong between IBIT strikes. BTC is the only asset in the world that is nuking in positive gamma environment. Check returns by session since January 10, 2024 - return for US session is about 30% - it's a miracle BTC was able to be above 100k for so long. BTC as an investable asset ended on November 19, 2024 when IBIT options were introduced. This bear we're finally officially in, will be the worst in history.

Backrus

And how will he pay dividends on his preferreds? He says they have 80 years of runaway but that assuming 1) badly calculated CAGR (it's nowhere near 60%, and it won't be nowhere near 20%), 2) that they would sell BTC - sell 1 sat and it's all over. MSTR is below mNav=1 which is only natural for closed fund with expenses. All that's left is for their volatility to converge to BTC vol and that's about it - it'll take time, but it'll be ugly. You have to realize that free BTC is no more - it got completely hijacked on November 19, 2024 by IBIT options. Now check when MSTR had ATH. Then chart MSTR/BITU and MSTR/IBIT - that's all you need to know about this ponzi-adjacent scheme.

CPAB22

Thoughts on IBIT. Anyone looking at RxRX and RR.?I do own it. But it seems to be moving.

Ok_Good3255

You can literally buy bitcoin like a stock through IBIT shares, I don’t know how much easier you want.

azdcaz

Yeah and -81k of those in a day is crazy. Think of how many IBIT holders did the same.

global_hodl

10% is SP500 and 90% is split between IBIT and MSTR.

moonRekt

Patting my back for dumping my IBIT and ETHE

Background-Day-4957

Bitcoin will move more along macro trends than previous 4-year cycle pattern, as more institutions, like JPM, Morgan Stanley, Goldman Sach, etc, invest in spot Bitcoin ETF like IBIT.

Clean-Item-4384

It's hilarious to me how many people don't understand this simple concept. IBIT is essentially holding Bitcoin and not being taxed on it (heavily) when you withdraw in 10 or 20 yrs. Everyone holding Bitcoin will lose a ton of it on withdraw.

Clean-Item-4384

I don't know why everyone doesn't keep IBIT over Bitcoin in Canada because if you hold straight Bitcoin you're going to be taxed on everything you take out in 20-30 years and lose a ton of your money.

Background-Day-4957

Spot ETFs buy and sell to mirror the NAV and AUM to their Bitcoin holdings. When IBIT shares are traded, they are traded among other traders. Institutions invest in these ETFs and can have huge impact on inflows and outflows.

Numerous_Ruin_4947

There's 6 ETH for every 1 BTC. If ETH recovers to that ratio, then BlackRock's ETHA would exceed their IBIT fund.

riscten

Most traditional brokers let you open short positions too. You're free to short one of the Bitcoin ETFs (IBIT, ARKB, FBTC, etc.)

HedgehogGlad9505

Do you have a stock account? Just search IBIT and choose options. You can buy puts or even sell naked calls as you want.

Normal-Translator529

Even if wash sale rules were in place, you could sell BTC and exchange for IBIT (or vice-versa depending on tax situation). I prefer to hold actual BTC but it is nice to have the option of writing out of money calls with IBIT. Generates income when needed without having to sell any of your stack.

Head-End-5909

Black Rock’s iShare IBIT is a grantor trust that directly holds spot bitcoin for investors. As investors sell, the Black Rock sells and vice versa. It’s not a Bitcoin treasury.

llindstad

I sell call options through my brokerage account (ETF: IBIT). Expiry, usually about 3 months out. I then buy bitcoin for the added amount. If strike price hits, I lose the principle, but I've gotten free BTC. If not, I'm better off. It has its drawbacks, but works well for a volatile asset like bitcoin.

commandrix

Blackrock isn't MicroStrategy. It isn't going to take any crazy risks with the "buy and HODL" mentality. Anyway, the rules for an ETF require that the value of its assets under management matches the value of its shares, so of course Blackrock is going to sell Bitcoin if people dump IBIT shares.

didnt_hodl

you are correct in general however, there is a detail that Blackrock manages many other funds and they have been allocating IBIT as one of the holdings to those other funds. so this is not driven by retail, it's solely Blackrock's internal decision on how to manage this or that fund. retails simply buys or sells this or that "diversified" fund, but they do not get to decide on the fund's holdings. so in practice I am actually sure Blackrock can do some IBIT buying, if they see it as a good opportunity, simply using already committed customer funds, which they are explicitly asked to direct and invest

longonbtc

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.

No_South_9912

IBIT selling is retail throwing in the towel

Got_Engineers

Billions of dollars has been invested at the institutional level. Harvard endowment fund and other universities own billions of $IBIT. There is a reason Bitcoin perpetual figures follow the same patterns and cycles as futures contracts. Bitcoin is being manipulated by institutional investing snd they do not like risk.

hiplA

Buying IBIT solves your problem of BTC/USD liquidity

AbanaClara

My first crypto was 2020. Bought nothing but alts and had to sell them off and get off crypto since I didn’t have the appetite for the volatility Got my first btc exposure through IBIT near ATH literally a month ago. 😂

coinfeeds-bot

tldr; BlackRock's iShares Bitcoin Trust (IBIT) experienced record-setting outflows of $523 million on November 19, 2025, marking its largest daily net outflow since its launch in January 2024. The ETF has seen five consecutive days of outflows totaling $1.43 billion, coinciding with Bitcoin's price drop below $90,000 from its October high of $126,080. Analysts attribute the outflows to institutional portfolio recalibration rather than abandonment of Bitcoin, amid broader market liquidity challenges and macroeconomic uncertainties. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MoneyOptimal6395

Dumping on us? I think plenty of retail owns IBIT. I have a bitcoin worth in my IRA.

Head-End-5909

Black Rock’s Spot ETF: iShares IBIT. I hold it it in my Roth IRA

Impressive-Trust-382

You see etf in flows but those companies are using the futures market to bet against btc. It looks like there being bullish but the aren't:: check it Here’s how it works: Funds buy IBIT ETF shares Simultaneously short CME Bitcoin futures Capture the yield difference between the ETF and futures (the basis) Use the ETF shares as collateral for the futures short... Institution trickery, but don't be fooled by there trickery because approx 7 million in btc is lost.. 1 million left to be mined, that means 13 million is owned between us and them and they cant just gobble up btc so the use this trickery to shake people out so they can buy. Forget the etfs and all they companies like them. U don't need them. Own the btc you self so they don't sell you shares of a btc and street out shares to being 2:1 or 3:1 so they can steal.. btc was created and will be 1:1 with in its self. Break away feom the old system and don't allow them to fool you by judging the lines.. this is out chance to rise. Let's not blow our shot. If anyone else sees something share it. This helps us all.. God bless us all.

Hokie027

I had puts slightly before top… but my IBIT puts are dated to Mar 2026. So they have plenty of time to play out. I actually averaged down above 120k 😂. And like this guy I’ll catch within a few thousand of the bottom.

Hokie027

I’m betting the cycle isn’t dead and plan to buy fall 2026. Right now my IBIT puts say I was right…

Savik519

I'd argue institutions/banks and market makers buy something like IBIT in order to short futures and play the carry trade. They don't care if BTC goes up, down, left, right. They collect the premium and that's all they want. The moment the trade unwinds they are out. Same with those who have high time preference and compare BTC to meme stocks, high risk options, etc. They will walk away from BTC as soon as the trend is clearly down. For the longest time we had two separate factions within BTC. The BTC hippies (P2P, freedom, decentralization) and the BTC Nerds (ETFs, treasury companies, centralized holdings, NgU). Take away the hippies and nobody will be here to pick up the pieces when the real drawdown starts.

Backrus

Doesn't mean hijacked coin has to go up. On the contrary, BTC has never seen a proper recession, and fumbled post-halving year with a historically weak dollar on the backend of the greatest bull market in history. If anything, anyone reasonable will go with metals - BTC on a risk-adjusted basis has been done as an investable asset since last year, when IBIT options launched.

Creepy-Ball-9787

Would someone tell me the advantage of holding bitcoin versus just investing in the IBIT ETF. Going IBIT, you don't need to deal with crypto brokerages, wallets..etc.

TheCatOfWallSt

I bought about $340k (100% of my investment money) into IBIT around $117k 😂 I couldn’t be less worried, I know it’ll go higher eventually. I’ve recouped a little back by selling covered calls above my purchase price (I bought at 66/selling 67 calls 4 weeks out)

harvested

IBIT is -3% when SPX -1.3% Isn't that pretty normal? Visit the crypto sub they are about to perform seppuku

Gh0st_Pirate_LeChuck

Sold some VTI so I can buy some IBIT

coinfeeds-bot

tldr; BlackRock's Bitcoin ETF, IBIT, experienced a record single-day withdrawal of $463.1 million on November 14, amid a broader trend of heavy outflows from crypto exchange-traded products (ETPs). Global outflows reached $2 billion last week, driven by macroeconomic uncertainty and market downturns. Bitcoin and Ethereum ETPs saw significant declines, with assets under management dropping 27% since October. Analysts attribute the outflows to market conditions and expect ETF flows to remain tied to macroeconomic factors and policy decisions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

WaltDisney90

There’s no way — this is past trauma causing everyone to think the bear market is inevitable. The ISM (business cycle) is extremely low and primed for a massive rally, QT ends December 1, rate cuts into the end of the year, government-fueled liquidity injections around the corner, institutions scooping up billions. The current drop is not from Wall Street as IBIT holders have only sold 1% of their total stash. It’s OG whales who still believe in the 4-year cycle and they have been dumping all year. Good for them, they deserve to live it up after holding for a decade + the insane demand has been keeping price stable while an insane amount of selling has been taking place. This allows a new floor to be set — now, 25% of coins have a cost basis above 100k. This is painful in the short term but extremely bullish in the long term. We have basically been in a bear market when priced in gold, the face-melting rally is just about to begin. BTC always does the opposite of what everyone is expecting. Flipping inverse of general sentiment is usually a winning recipe.

Sufficient-Season639

Yes, IBIT itself is a passive spot ETF that only holds Bitcoin and cannot be used as a prop trading vehicle. But that limitation applies **only to the trust**, not to BlackRock’s other funds, such as the Asset Managers with SMAs, and our model portfolios. BlackRock can legally buy or sell IBIT in any portfolio where IBIT fits the mandate, and those positions are disclosed publicly through our 13F filings; which I literally helped oversee for a bit. The 13F filing is public too and you can search it up. We have IBIT on there since we are required to disclose the holdings if our purchase is above a threshold. The trust being separate is an accounting and regulatory requirement, not a trading prohibition. What is **prohibited** is insider trading. Our department did not possess MNPI about IBIT. We used our own analysts to help us make decisions on rebalancing our portfolios, so our rebalancing was legal. I’m not telling people “don’t worry” to push people into buying more BTC. I’m saying it because I genuinely want the people to maximize their long-term wealth. BTC will be volatile and it will drop, That's why I only hold IBIT in my IRA and 401k. I’ve learned more about bitcoin and its relations to, finance, economics, and the regulatory side from the people I know and work with than most people ever get access to. There’s a reason so many of our directors and partners personally hold a massive amount of BTC. It works and will be fine, even with the "threat" of quantum, computing, lol. If someone treats BTC as a get-rich-quick-play, they’re missing the point.

ReliantToker

Do IBIT calls count as not bitcoin?

Three_of_a_kind3515

You could buy an EFT instead.. IBIT seems to be the larger of the two choices.. supposed to track price of BTC like the GLD EFT.. 🤷‍♂️

Matrixfan67

I bought LEAPS of IBIT when it was $120K. What do I do.

Hamm3rFlst

I have my 2026 backdoor roth ready to roll ($14k for wife and I). Need this hold till Jan 1st where I go all in on IBIT

Best-Bodybuilder9015

Are Crypto Forced Liquidations Amplifying Equity Market Volatility? $BTC $ETH $GBTC $ARKB $ETHA $ETHE $BITO $FETH $IBIT all experienced major outflows. This is the second time in November we experienced this. Crypto is under real pressure. A spike in volatility, cooling institutional flows, and a stronger dollar are squeezing a market already stuffed with leverage. When big moves hit, especially sudden drawdowns like we have seen recently, forced liquidations rip through the system. Here is the part most people miss: those margin calls never stay contained in crypto. Traders facing levered losses raise cash wherever they can, fast, and the most liquid pockets of their portfolios are large cap tech and other high-flying equities. So, weakness in crypto spills into stocks not because fundamentals change, but because traders hunt for liquidity. It has a domino effect.

Then_Helicopter4243

BlackRock’s IBIT seeing a record $463M BTC outflow highlights how quickly institutional sentiment can shift.