IBIT

LuckyWinds

> The point is they're profiting off of selling access to the underlying thing without caring about the thing. You are missing the entire point. If Ticketmaster sells you a ticket to a bad show, you don't blame Ticketmaster. You will still use Ticketmaster to buy tickets to shows. If you are a large institution and buy various Blackrock ETFs and Blackrock contacts your institution and markets IBIT to you - and uses examples such as their CEO calling bitcoin a "flight to quality" and you invest in this ETF and it ends up just crashing to 0. You are going to pull all your investments in Blackrock ETF products. Blackrock isn't marketing their bitcoin ETF as "Look this is just plain garbage but if you want us to make a garbage ETF, then we will do it. We suggest you don't buy it" Larry Fink called bitcoin a "legitimate financial instrument and a form of digital gold." > You saying "yea but see, this large company extracts a LOT of money from dumb people" makes my point. I didn't say this. > That is why it is ignored by institutions other than the ones designed around extracting value from the masses. How about funds who own bitcoin ETFs? Wisconsin Investment Board, Michigan Retirement System, Harvard Endowment, Brown Endowment, etc.

LearnBitcoinCom

They shouldn't be identical - IBIT is a wrapper around Bitcoin, not Bitcoin itself. The main reasons they diverge: Trading hours. Bitcoin trades 24/7; IBIT trades during US market hours. Every weekend BTC move shows up as a Monday-morning gap on IBIT. Premium/discount to NAV. IBIT shares trade at a price that floats around the underlying's value. Authorized Participants arbitrage the spread, but it's not zero — it can widen during volatility. Management fee. 0.25% annual. Slow grind down vs spot BTC over time. Reference rate. IBIT tracks the CME CF Bitcoin Reference Rate, computed from major US exchanges at 4pm London time. Your BTCUSD chart on StockCharts may use a different aggregate, so even the "spot" line you're comparing to isn't necessarily the same number IBIT references. Cash creation. IBIT uses cash creation/redemption rather than in-kind. APs deposit cash, fund buys BTC. Adds small tracking drag. The two will track closely but never identically. IBIT is price exposure with brokerage convenience; the divergences are the wrapper showing through.

SolanaForge

IBIT tracks Bitcoin closely but it’s still an ETF with market hours, trading flows, and fund mechanics affecting the chart a bit differently.

Ancient_Platform6894

Yeah the weekend gap thing is huge - imagine Bitcoin dumps hard in Saturday night and IBIT holders just sitting there until Monday morning watching their portfolio on paper 😂 Also IBIT has that management fee eating tiny bits over time so it will slowly drift away from pure Bitcoin price even without the trading hours difference

Elguapo1980z

IBIT only trades market hours, BTC trades 24/7. So if Bitcoin moves overnight or over the weekend, the ETF has to catch up at open. Plus you’ve got normal ETF trading noise too. People panic sell, take profits, institutions rebalance, market makers do their thing, etc. So short term the charts can drift a little even though IBIT is backed by spot BTC.

achieve_tendernism

IBIT puts at the top of a bear market rally act great as cheap insurance for stocks lol 😝

statoshi

Read their ETF prospectus and you'll find that they disclose quantum computing as a threat. It's on page 24: https://www.blackrock.com/us/financial-professionals/resources/regulatory-documents/stream-document?userType=intermediaries&stream=reg&product=IUS-IBIT-B&shareClass=NA&documentId=2212465~2340699~2413140~2369501~2447708&iframeUrlOverride=%2Fus%2Ffinancial-professionals%2F%2Fliterature%2Fprospectus%2Fp-ishares-bitcoin-trust-12-31.pdf

LuckyWinds

> Blackrock does not “own” bitcoin. They trade it on behalf of their clients and collect fees. In fact, they stand to profit greatly from convincing people like you that bitcoin has merit, because they collect fees without ever being exposed to the risk of holding it. Correct. Their risk is if bitcoin crashes they lose revenue from their ETF fees. > That’s like pointing at a casino owner as proof that gambling is a legitimate career path lol. Try again. Incorrect. Blackrock cares about bitcoin because they are making lot of money off bitcoin. Their most profitable ETF across ALL of their ETFs is IBIT. They promote their bitcoin ETF to their customers. I think you are not understanding how big of a deal this is. You think the most profitable asset manager in the world doesn't care about their most profitable ETF product? > lol You immaturity shows by your childish comments. I'm beginning to think this bitcoin/finance/business stuff is a little over your head.

blackjackn

Sounds like you should be buying spot ETFs until you learn more. IBIT, FBTC, and MSBT.

Metaldwarf

Self proclaimed idiot here. I don't trust myself enough to manage keys, cold wallets, passphrases. I'd lose my own ass if it wasn't attached. I've been using ETFs like IBIT instead, since it's their job to protect the underlying coins and if they get hacked there is some assurance they wont lose everything. I understand the prospectus says any theft is 100% the investors risk, I just don't think it would be an total loss like OP here. Is my logic here stupid?

Altruistic_Bee_9343

I suggest spreading your BTC holdings over many different places, example: some with an investing platform using the IBIT (BTC holdings), some on Binance, some on a personal wallet, some on microstrategy stock, some on coinbase and more...

Romanizer

Zoom out and look at cumulative net flows here: https://farside.co.uk/btc/ ETFs are accumulating since the bottom and taking up speed. Especially IBIT, no big sell offs since the last top.

Worldx22

Eh I'm getting to a point in life where I switched over to buy IBIT. I don't want my family to screw up a transfer after I'm dead. I'd roll in my grave if I found out all my hard work went to shit because someone fucked up. The odds of IBIT going to hell = the odds of someone fucking up/ my seed leaking after I'm dead. So I split it up between self custody and IBIT. Risk management I guess.

Romanizer

And still ETF net inflows are <10% below their ATH with IBIT already back at its ATH. They are back buying since February.

Romanizer

Still close to ATH in cumulative net inflows again (I think IBIT is already there), while price is lagging behind.

No-Contribution1070

You guys keep buying the bitcoin, ill keep making 1000% on IBIT options contracts. Thank you for your attention to this matter.

Worldx22

But bitcoin not shitcoins. Better yet buy IBIT if you dont know what youre doing.

No_Toe710

This is where having some BTC exposure via IBIT or one of the other ETFs can be very useful. If you have portfolio margin — it is almost always cheaper than BTC collateralized loans. And when blended with other securities — very helpful during drawdowns.

fall0ut

trading IBIT is also cheaper than trading BTC on crypto exchanges. the fees just to trade are not worth the trouble when trading IBIT is free. fuck maker and taker fees bullshit.

azdcaz

Or into IBIT, or other BTC ETF’s and proxies. It was a lot easier to rotate into alts when your Bitcoin was sitting on an exchange or wallet. Selling IBIT etc and moving cash to an exchange adds friction and people are lazy.

Riley-X

Exactly what I did. Started heavy daily IBIT buys when it dropped from 90k. Now that my average price is pretty low I reduced my daily buys. Now we ride

Riley-X

Or you buy IBIT in Roth ira. Withdraw when you retire tax free.

civilian411

I held btcfx before in my retirement account but not by choice. It was the only offering that provided exposure to bitcoin. The problem with these futures related funds are “contango” and the requirement to sell at current price and buy at future prices which is almost like a sell low buy high comparison. There are also fees. I think purchasing IBIT or FBTC is a better approach or even MSTR (if you have the risk appetite) if you believe bitcoin will continue to rise as the world continues to print money at an increasing rate.

greenlocus33

Like IBIT?

Significant_Cat_8436

I max a Roth 401k and a Roth IRA. I buy VFIAX in my 401k and IBIT in my Roth IRA. I think this is a good ratio personally. If Bitcoin goes to zero then I still have a large retirement.

XapoBank

One bad headline and that macro instability could easily trigger a broader market spook, dragging us down to retest the lower $70ks before $80k ever actually breaks. It’s definitely a fragile foundation. But your read on the supply shock is exactly what people are sleeping on. Everyone is obsessing over Powell’s parting words and who is taking his seat, completely ignoring the raw math of the daily float. The daily mined supply is a drop in the bucket compared to what IBIT is vacuuming up. Right now, it feels like OTC desks are buffering the impact, but once those dry up and the ETFs are forced to aggressively scrape the open market for spot BTC, that unpriced supply shock won't just break the $80k wall, it’ll violently gap us up. Watching the liquidity is the only rational play right now. Let the tourists gamble on Fed semantics; the real alpha is watching the order books when the ETF buyers show up tomorrow.

Satoshiboi420

IBIT bought nothing on Monday and sold on Tuesday. How are they vacuuming up the supply? The week before was average at best.

AcostaJA

IBIT investors are the less volatile, not your typical retailer trader.

Romanizer

Yeah, absolutely and after Strategy, holders of IBIT are the least likely to sell if you look at the cumulative net flows of the ETFs. It looks like they are back at ATH holdings already while retail is still stuck in a bear market.

voidgift

Relevant points, but don't let the ceasefire lull you into a false sense of security. That ceasefire is held together by paper tape. The $80k rejection is real, but if IBIT keeps swallowing the daily float, the post-Powell era might actually be an unpriced supply shock. I’m not front-running the chair. I’m watching the liquidity.

ShittingOutPosts

For the millionth time, BlackRock is not buying Bitcoin for themselves. They buy it on behalf of their clients who invest in IBIT.

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1sykehp/bitcoin_dropped_within_48_hours_of_8_out_of_9/ Today is FOMC day. The decision drops at 2pm ET, Powell's press conference at 2:30pm. There's a 100% probability of a hold at 3.50–3.75% priced in right now. Not 99.5%: CME Fedwatch moved to 100% overnight. There is no rate surprise coming. The only variable is Powell's tone in the press conference. Which makes the 8-of-9 pattern worth knowing about before 2pm. Since July 2025, Bitcoin has dropped within 48 hours of 8 of the last 9 Fed decisions. Didn't matter whether it was a cut or a hold. Didn't matter whether the statement was hawkish or dovish. The mechanism isn't about what the Fed says: it's about what happens to trader positioning once the event is over. The week before an FOMC, traders build anticipation longs. The moment the event resolves, the reason to hold those positions disappears. The unwind happens mechanically regardless of content. January 2026: Fed held, BTC dropped 7.3% in 48 hours from $90,400 to $83,383. BTC is already at $75,800 this morning, down from $79,500 last week, as traders de-risked into the meeting: roughly $40 billion removed from total crypto market cap in the last 24 hours. So the pre-FOMC softening has already happened. That's either the pattern doing its work early, or it sets up a relief bounce if Powell's language is neutral or better. The layer on top of all of this is that today is the last FOMC meeting Powell will ever chair. His term ends May 15. Kevin Warsh, who, as you may recall, disclosed 30+ crypto holdings including SOL, Optimism, and Lightning Network stakes at his confirmation hearing, takes over. Powell's final press conference will be parsed unusually closely for any forward guidance that either eases or complicates the Warsh transition. One stray comment about inflation persistence could weigh on risk assets more than any prior meeting. One signal of institutional continuity could truncate the usual post-FOMC dip. And then Thursday: Q1 GDP and March PCE data. [Preliminary Q1 GDP is expected to show a possibly negative slowdown](https://news.bitcoin.com/federal-reserve-set-to-hold-rates-as-markets-fully-price-out-2026-cuts/), as the oil shock and war disruption work through the real economy. PCE, the Fed's preferred inflation gauge, will show whether the March CPI print of 3.3% was a one-off or a trend. If GDP comes in negative and PCE stays hot, the Fed is formally stagflation-adjacent. That's not a great environment for any risk asset, including BTC. The counterargument to the dip thesis: nine consecutive days of ETF inflows heading into this week created a demand floor that didn't exist during most of the 2025 FOMC selloffs. IBIT and the other ETF buyers are not event-driven traders. They're accumulating on schedule and their buying doesn't pause because of a press conference. If they absorb the post-FOMC supply, the 8-of-9 pattern breaks and $80K gets another shot. *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.*

xaviemb

Interesting move this morning... There’s a noticeable amount of capital positioned on the short side, with heavy skew, (backs against the wall) right now which is this activity we see attempting to kick off a lower move, largely driven by the view that the traditional four-year cycle... rooted in the halving and reinforced by market psychology... will push Bitcoin back toward the $60k range or potentially lower. I suspect those short think they can compel the move lower to happen, but they need the market to follow... if they fail to accomplish that goal, the reflexive move will be fast to the upside. This might take a few days to a week to play out. My sense is that this bearish conviction (summer into fall of 2026) is grossly overstated. If price action continues to compress while supply conditions tighten, we could see a less typical outcome: an asymmetric move upward driven in part by short covering. In that scenario, the persistence of the “lower lows ahead” narrative... common in more rigid, pattern-based technical analysis... may gradually unwind. What seems underappreciated in some of these frameworks is the evolving supply dynamic. Structural buyers, including entities like IBIT, and Strategy (STRC), are exerting a real-time influence on available float, buying up billion from the supply side despite shorts pushing selling pressure with the promise to rebuy later (maybe even higher if they get this wrong). If that trend continues, it could meaningfully alter the conditions that prior cycle-based expectations rely on. I still question... how we're going to go lower, if everyone is eyeing entry below... it begs the question "Who exactly is selling to get us lower?" It's certainly not whales, or retail (waiting for those lows that may never come). With low time preference, this behavior is provocative... one way or another we're going high in the long run... it's interesting to see how the market resolves what happens between now and then (if it needs a new low to finish this bear or not). Grab your popcorn.

RetiredAvocado

IBIT wrapper.

probabletrump

I've been buying Bitcoin in my Roth 401k since 2022 through GBTC and now IBIT. Its great not having to worry about gains. I consider the expense ratio I pay to be the fee to avoid those taxes.

blackjackn

75% in 2 of 3 multisig wallet. 25% IBIT/FBTC/MSBT

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1swqrtr/blackrocks_bitcoin_etf_options_market_just/ This is the kind of milestone that reads like a typo, until you check through the numbers. IBIT options open interest on Nasdaq hit $27.61 billion last week, overtaking Deribit's $27 billion. This marks the first time a regulated US product has taken the top position from Deribit, which has operated since 2016 and has been the dominant venue for crypto options globally. Yes, that track record spans multiple bull markets, the 2021 peak, the FTX collapse, and everything else that's happened since. But closing that gap? Only took less than two years. Frame it this way to recognise the gravity of what this means: Deribit represents the platform where professional options traders, hedge funds, and market makers have priced Bitcoin optionality for most of its derivatives history. When analysts talk about implied volatility, skew, max pain, or put/call ratios, the data they're pulling is overwhelmingly Deribit data. It has been the authoritative source of how the market prices risk and expected movement in Bitcoin. That IBIT options have surpassed it says several things simultaneously: * Institutional capital entering throug the ETF wrapper is now large enough to generate a derivatives ecosystem of its own * This ecosystem is built inside of US regulation (on exchanges, with US market structure) * Its investor profile is significantly different (longer-term, more patient / less 'degen' buyer base) Most structurally important: as [IBIT options become the dominant venue, the pricing of Bitcoin risk increasingly happens on regulated infrastructure](https://news.bitcoin.com/bitcoin-etf-inflows-turn-fully-positive-across-key-timeframes-led-by-blackrocks-ibit/). That has real implications for how Bitcoin fits into the broader risk framework of institutional portfolios, how it gets hedged by major asset managers, and arguably how it gets valued. If the venue where risk gets priced shifts from an offshore platform to a Nasdaq-listed product, the asset class has completed a very significant leg of its institutional integration. Deribit is a Coinbase subsidiary now. It isn't going anywhere. But the fact that IBIT, a product that didn't exist in 2024, just took the top position is a data point that tells you more about the velocity of institutional Bitcoin adoption than almost any other single number this year. The pace of this is not normal. *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.*

Savings_Somewhere681

$2.12 billion in 9 days while BTC is still 35% below its October high. That's the number that matters more than the streak itself. These aren't people buying momentum they're buying the dip through regulated vehicles and holding. The April 17 spike ($663M in a single day) happened right when Hormuz tensions peaked. Institutions didn't panic sell into geopolitical chaos they bought harder. That's a completely different investor profile than what drove the 2021 cycle. InvestaHepps makes a good point below though flows are consistent but participation isn't broadening yet. $58B cumulative but concentrated in a few funds. IBIT keeps absorbing while Fidelity and ARK are flat or bleeding. The conviction is real but it's not evenly distributed. When it spreads beyond BlackRock into the rest of the ETF market, that's when the "institutional adoption" narrative actually delivers

didnt_hodl

fuck it. I just keep IBIT at my broker. good luck stealing it. haha ETF shares are nearly impossible to transfer between brokerages (I tried), so the only path is to sell it for USD. which takes days. not minutes, days, every time. maybe my broker is special, dunno. but I think they are all like that. and then ok, what do you even do with that USD? withdraw as cash? haha. limited to 500 or so in the ATM. in-person visit to the local branch when it is open (good luck with that) can maybe fetch what 5k? anything above 10k would need to be pre-ordered weeks in advance. also would trigger all kinds of alerts. large cash simple does not move. oh, maybe a wire transfer then? haha, fully traceable, fully reversible and also takes days. large amounts usually trigger all kinds of additional checks and are usually just blocked or canceled. there are day and month maximums too very ofter. sorry, but tradFi has a lot to offer in terms of protecttion. a lot. with BTC in cold storage you are on your own kid. good luck protecting your bare ass. oh, yes, almost forgot you are so very sovereign, so free and independent. enjoy your freedom!!

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Post is by: The_Market_Signal and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Bitcoin/comments/1sv6t1i/bitcoin_etf_inflows_are_the_most_interesting/ Bitcoin ETF inflows are probably the most interesting crypto signal I saw today. Spot Bitcoin ETFs reportedly recorded an 8 day inflow streak worth about $2.1 billion, with BlackRock’s IBIT taking most of the flows. What stood out to me is that this is happening while broader markets still look pretty cautious, so it does not feel like a pure risk on retail move. To me, the bigger point is market structure. Bitcoin exposure is becoming easier for institutions to access through ETF products, and that can change how money enters the crypto market. Instead of people only buying directly on exchanges, more demand can now come through traditional investment channels. That does not automatically mean Bitcoin keeps going up, of course. ETF flows can reverse quickly, and crypto is still very sensitive to rates, liquidity and risk sentiment. But if these inflows continue, I think it strengthens Bitcoin’s position as the main gateway asset for crypto allocation, especially compared with smaller tokens that do not have the same institutional access. Curious what others think: are ETF inflows actually changing the long term Bitcoin market structure, or is this just another flow cycle that could reverse quickly? *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.*

RetiredAvocado

The implication is that Black Rock invested in bitcoin. But they did not. They bought BTC only because they had to. And they didn't use their own money. Shareholders of IBIT paid for and "own" that bitcoin since that's what IBIT share ownership represents. It is more likely though that big institutional funds bought a lot of IBIT shares rather than Jim and Bob. IBIT volume is like 20 million shares traded per day. It's not mom and pop trading them by the millions. It's the big money. So some "institutional buying" is probably happening when large "inflows" are reported. Hundreds of other ETFs include IBIT shares and buy and sell them in bulk all the time.

kingcakeaholic

The average inflow since launch is $149M/day. Yea. There are plenty of people steadily buying IBIT automatically in addition to the traders that are in out frequently.

WALLY_5000

Forget about BTC for a moment… Do you have a monthly budget for your expenses? If not, make one. Do you have emergency savings to cover 3-6 months of your expenses? This should be a top priority. Do you have any loan debt? Paying off debt is one of the best investments you can make. Depending on your loan’s rate, this might be a top priority. Do you plan on making any big purchases in the short term? (Computer, vehicles, house, etc.) Put those funds somewhere stable and less risky. Do you have a retirement account? It might be worth starting one and contributing on a regular basis. You can even invest in crypto this way tax free through funds like IBIT (BTC ETF). After figuring out all that, If you don’t think you’ll need to cash out any BTC over the next 5-10 years, then just let it ride and DCA. If you might need some of that money for something else within that time, then move some of it into a HYSA, so you know for sure you will have it. You can still continue to DCA into BTC with extra cash that falls outside of your budget. You don’t have to worry about volatility as much if you don’t need the funds for a long time.

33halvings

This. Since the IBIT ETF this has annoyed me so much. People keep posting shit like: “BlAcKroCkk juSt bOught MoaArr BitCoiinnsss” hurrr durr. No nimwit. It’s mostly retail and institutions that bought the IBIT ETF and blackrock is just managing their bitcoin with Coinbase as custodian. It’s not Blackrock that decided to buy 100s of thousand of bitcoin for itself.

Low-Method3448

It’s not blackrock’s bitcoin. It’s retail buying through the IBIT etf. Blackrock doesn’t have its own stash as the IBIT bought bitcoin isn’t actually theirs You buy IBIT and blackrock buys with that money, if you sell then blackrock sells the bitcoin associated with you. ETF inflows and outflows move the price of bitcoin. Strategy and Strive on the other hand are hoarding it and that bitcoin will never move from what we know. So when you see headlines of “Blackrock bought X billions in bitcoin” you have to realize it is the ETF. Blackrock will most likely start hoarding once they Clarity Act is passed.

Thankyouclouds

I completely understand the merits of cold storage as well, however I couldn't help but think of the disaster scenario of something happening to me and partner and that BTC is gone forever since I'm not comfortable sharing seed phrases to living people outside my immediate family. So I decided on buying IBIT shares, that way I can at least name beneficiaries.

Slade_Duelyst

So you dont want to do leveraged short that would wipe you out on an upward movement. What you want to do is buy PUTS on IBIT. For like 5 dollar IBIT 5-10 years out. This would essentially be what you are doing and NO wipeout on upward movements. BUY PUTS

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Post is by: Any_Pomegranate1134 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sslc0g/what_is_the_most_traded_cryptocurrency_in_the/ he main trend shows that **institutional investors are currently the primary buyers** of both Bitcoin and Ethereum through regulated spot ETFs, with Ethereum attracting more new capital than Bitcoin in the most recent trading sessions . Here are the latest net flows for the US spot ETFs as of April 21, 2026: |Asset|Daily Net Inflow|Recent Streak| |:-|:-|:-| |**Bitcoin (BTC)**|**$11.8 million** |6 consecutive days of inflows | |**Ethereum (ETH)**|**$43.4 million** |9 consecutive days of inflows | # 🔍 Who is Buying Right Now? The buying activity is heavily concentrated among large institutions, with a clear leader emerging. * **BlackRock is the Dominant Buyer**: The world's largest asset manager is leading the charge for both assets. On April 21 alone, BlackRock's Bitcoin ETF (IBIT) saw **$39.3 million** in inflows, while its Ethereum products (ETHA and ETHB) pulled in over **$52 million** combined . A day earlier, on April 20, the firm bought over **3,350 BTC and 38,280 ETH** in a single day . * **MicroStrategy is a Major Corporate Buyer**: The business intelligence firm continues to aggressively accumulate Bitcoin. Over the recent week, MicroStrategy spent **$2.54 billion** to add **34,164 BTC** to its holdings, surpassing BlackRock to become the largest corporate holder of Bitcoin . * **Other Institutional Activity**: "Whales" (large holders) have accumulated over **45,000 Bitcoin** in the past week, the highest pace since July 2025 . Additionally, asset manager Bitmine added **101,627 ETH** in the third week of April, marking its largest single-week purchase of the year . # 📈 What's Driving These Flows? The movement of capital into crypto ETFs is being driven by a few key factors: * **ETF Momentum and Access**: Spot ETFs provide a familiar, regulated way for traditional institutions like pension funds and wealth managers to gain exposure to crypto without directly holding the assets . The recent consistent inflows indicate that many see current price levels as an attractive entry point . * **Macroeconomic and Political Climate**: The market has been buoyed by news that the US-Iran ceasefire has been extended, which has boosted overall market confidence . Furthermore, recent statements from Kevin Warsh, the nominee for Federal Reserve Chair, that "crypto is now part of the US financial system" have reinforced the asset class's growing mainstream acceptance . * **A Shift Towards Ethereum**: While Bitcoin ETFs have seen massive inflows in the past, the data for April 21 shows a clear rotation of *new* capital favoring Ethereum. This suggests institutional investors are now increasing their allocation to Ethereum, possibly viewing it as a more established part of a long-term crypto portfolio . This is supported by a 41% increase in Ethereum's daily transaction volume and the mint of 1 billion new USDT on its network, which are signs of growing on-chain activity . # 📊 A Note on Outflows and Mixed Signals It's important to note that not all products are seeing inflows. The positive net numbers are driven by a few specific funds, masking outflows from others. * **Grayscale's Products are Seeing Outflows**: The Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) saw outflows of **$17.5 million** and **$12.1 million** respectively on April 21 . This is a long-running trend as investors move from Grayscale's higher-fee products to newer, cheaper spot ETFs. * **Mixed Flows Among Issuers**: While BlackRock is buying, other major issuers like Fidelity and Bitwise saw outflows from their Bitcoin ETFs on the same day, highlighting that strategies vary among institutions . In summary, institutional investors, led by **BlackRock** and **MicroStrategy**, are the primary buyers, accumulating both Bitcoin and Ethereum via spot ETFs. While Bitcoin has seen massive accumulation, **Ethereum is currently attracting more fresh capital** on a daily basis. *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.*

Few-Sky-976

I started out buying Butcoin, ten years ago, and only regret that I didnt buy more. My strategy was to swing trade Bitcoin by buying at below the current median price (buy the dip) then sell once it rose to 10 or 15% above the median. Rinse and repeat, hundreds of times. This strategy was designed to increase my holdings, as BTC was very volatile years ago. Of course I had to pay shirt term capital gains every year, but I didnt vare, just as day traders dont care. Now, we have better options for buying the top 4 cryptocurrencies, as the wallet storage issues and crypto taxes are a nightmare, frankly. Instead of opening a Coinbase or Gemini or other account, you can just open a Fidelity or Robinhood or Webull account instead (Webull has great offers for new accounts, too), and then simply buy ticker IBIT (Bitcoin ETF) or ticker ETHA (Ethereum ETF) or ticker GSOL (Solana ETF) or ticker XRP (Ripple ETF) after you deposit USD into your new brokerage account. A simple buy and hold strategy where you use Dollar Cost Averaging (DCA) to buy any of these 4, will allow you to hold crypto in ETFs, where you DO NOT HAVE TO DO CRYPTO TAXES. Instead, the brokerage will send you a 1099-B form at the end of each year, which is 20X easier than a complicated crypto tax return. I know, we do them every tear, and we have to use crypto tax software to summarize our gains. And here's the deal. The gains are the same essentially, minus a tiny ETF fee. Also, Coinbase or whatever exchange charges you a fee for every buy and every sale, so it works out to be the same capital gains purchasing via a crypto ETF with a brokerage account. This is a huge advantage that only recently became possible, when Bitcoin ETFs were launched, followed by ETH ETFs, then Solana, then XRP So, this was not even possible 4 yeaes ago, but it is now. Also, with a brokerage account, you can also invest in Strategy stock (ticker MSTR) and its new preferred dividend stock "Stretch", (ticker STRC), which pays an amazing 11.5% monthly dividend based upon MicroStrategy's Bitcoin holdings. So, it's now easy to have a 100% crypto based investment strategy using a brokerage account. Do it with a Roth IRA and it's an even better strategy.

Few-Sky-976

Funny you ask, because as a 10 year BTC investor myself, I just mentioned to my wife that now is a good time to buy BTC (or IBIT if you have a brokerage account). Its levels are back to where it was many months ago. Also, Garrett of Verified Investing, (a YouTuber & stock technical analyst) I trust just posted another video showing how his technical analysis shows a high probability of Bitcoin going up to $80,000 very soon, and possibly beyond that. In short, Yes.

aaj094

This isn't a fair comparison at all. IBIT, by design, is solidly pushed to track bitcoin almost perfectly. It has the obligation to maintain a backing for each share to a specific amount of bitcoin spot reserve. The same cannot be said for Strategy.

Romanizer

Good luck with the in-kind swap of your IBIT shares for spot Bitcoin.

Additional-Ad-7599

Couldn't agree more. A point some people are overlooking is ETFs effect on supply... In 2025, US spot Bitcoin ETFs absorbed approximately 1.2x the total amount of newly mined Bitcoin. They were buying faster than the network could produce new supply. BlackRock's IBIT alone holds 782,000 BTC. When it sees inflows, it has to buy real Bitcoin on the open market. Bitcoin has ~980,000 coins left to ever be mined. A meaningful chunk of existing supply is estimated permanently lost or dormant (Satoshi). The actual liquid supply is well below that number. ETFs are concentrating ownership of an asset that is, by design, running out. And they're doing it faster than new supply can arrive. When the next run comes, it's going to get desperate.

No_Toe710

The safest way to accumulate BTC is to buy IBIT (or Morgan Stanley’s new cheaper option) with cash, in a margin approved account that also holds a mix of other stocks and ETFs. Then make cash withdraws against the portfolio and use proceeds to buy spot BTC. This way your other securities help mitigate against BTC’s volatility. And allows you to increase DCA dollars dedicated to BTC when the price of is down. So long as those ‘other’ securities are not correlated with BTC.

templatexyz

My portfolio consists of BTCX, IBIT & MSTE with Wealthsimple.

Forded_Fiction24

I do both. Self custody wallet and then have FBTC and IBIT within my Roth IRA. The tax advantage could be insane in the long run, but also there's risk to consider which is why I also have 2 different ETF's who use different custodians

Western-Source710

If buying via an ETF like IBIT, then you just use a margin loan through your brokerage. If you have actual BTC, I would imagine there would be some cold storage rule, plus the blockchain is public information so the bank could immediately see if the coins moved (if left in custody of the owner, not the lender), etc.

Naive_Bat8216

Would you say then that IBIT is a better buy than Strategy?

NerdFarming

If BTC goes up more than 11% in a year, by owning STRC you're just making money for Saylor. I'd much rather just stack the underlying asset BTC or IBIT.

Naive_Bat8216

Self custody? Could you please tell me what that means? Is my best way to buy bitcoin through Strategy? The upside on Strategy seems huge if bitcoin rebounds to 125,000 or so, or should I go IBIT?

A1JX52rentner

But isnt the IBIT adress for example publicly known?

Glazindon1

For context, I already own some spot bitcoin, IBIT, and ASST. I’m probably at around 35% allocated to bitcoin at the moment. Will be much higher if I fill port my TFSA into an ETF, I also considered MSTR the CAD hedged version of MSTR

JoeSmith716

I have IBIT, BITX, BITO, BTC, GBTC. Also a coinbase account and MSTR stock, probably the equivalent of 5 or 6 bitcoins.

donnie1977

What does GameStop have to do with IBIT?

Curious_Bytes

Yeah, the question is who is actually doing this because they’re taking massive risk. I suspect this leverage is NOT actually happening and this is just made up. Could IBIT be pledged as collateral and used to get leverage? Absolutely. Is it 20 to 1 or even 10 to 1? I doubt it, the VaR on IBIT is likely high and the risk folks on the street likely won’t allow their banks to take that type of extreme risk.

Logical-Tax-4462

MSTR can be wild ride though, goes both ways pretty hard. I've been watching it for while and when BTC drops even little bit MSTR just gets hammered way worse For that amount maybe split between direct BTC and some of these ETFs? The yields look nice but always check what's behind them first. I learned this hard way with some other "safe" crypto yields lol IBIT seems solid choice if you want exposure without dealing with wallets and all that

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1sls8fp/goldman_sachs_just_filed_for_a_bitcoin_income_etf/ Something shifted in the Bitcoin ETF landscape this week that's worth understanding properly, because the headline might not adequately capture why it matters. Goldman Sachs filed yesterday, for a Bitcoin Premium Income ETF. Structure: the fund gains exposure through existing spot Bitcoin ETPs, then systematically sells covered call options against that position: somewhere between 40% and 100% of its Bitcoin exposure at any given time. The premium collected from selling those calls gets distributed as income. Trade-off: capped upside. If Bitcoin rips past the call strike price, you don't fully participate. What you get in return is yield in an asset class that otherwise produces nothing. BlackRock filed a nearly identical product last week. Two of the three largest asset managers on earth, within days of each other, building income-generating Bitcoin products. The first wave of spot ETFs: IBIT, FBTC, MSBT, were essentially "Bitcoin, but in a brokerage account." Clean price exposure products. They attracted people who wanted BTC performance and could stomach the volatility. The income ETF is a fundamentally different pitch aimed at a fundamentally different investor. Retirees who need yield. Fixed-income allocators whose mandates require income-generating assets. Endowments with distribution requirements. The wealth management client who asks their advisor "what does it pay?" These people have been structurally excluded from Bitcoin exposure because Bitcoin pays nothing and swings 40-50% in a cycle. A covered call ETF changes both of those objections simultaneously: it generates yield, and the sold calls provide a partial buffer against downside volatility. [Goldman's fund won't hold Bitcoin directly](https://news.bitcoin.com/goldman-sachs-files-for-bitcoin-premium-income-etf-with-covered-call-strategy/), will be actively managed by named GSAM portfolio managers, and has a launch window of late June or early July after the 75-day SEC registration period. Active management is a meaningful detail here. Goldman is committing ongoing research resources, not just filing a passive wrapper. If you step back: we now have spot ETFs from BlackRock, Fidelity, Morgan Stanley, ARK, Bitwise. Income ETFs from BlackRock and Goldman incoming. Schwab and E\*Trade launching direct crypto trading in H1 2026. The entire distribution infrastructure of American finance is being wired up to Bitcoin simultaneously, in a bear market, while Fear & Greed sits at 11. *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.*

BigPapaSnickers

I own about $80k of IBIT... so kind of but not really

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1sgd7c9/morgan_stanleys_bitcoin_etf_goes_live_today_93/ $MSBT becomes effective today, April 8th, on NYSE Arca. For context on what this actually means: Morgan Stanley Wealth Management oversees $9.3 trillion in client assets. Their 16,000 financial advisors can now pitch a Morgan Stanley-branded Bitcoin ETF as their own house product: not a third-party fund they're reluctantly offering access to, their own fund at 0.14% annually. That undercuts BlackRock's IBIT at 0.25% by 11 basis points. Bloomberg ETF analyst Eric Balchunas called it a "semi-shock" when the fee dropped. James Seyffart's reaction was simply "WOW." Strategy's CEO Phong Le did the maths publicly: Morgan Stanley recommends a 0–4% Bitcoin allocation for clients. A 2% allocation across their AUM would be $160 billion. BlackRock's IBIT, the fastest-growing ETF in Wall Street history, currently has about $55 billion. So even a modest shift in how Morgan Stanley's advisors allocate client capital could create inflows that dwarf what IBIT has built over two years. The distribution angle is the story here, not the product itself. BlackRock built the best-known Bitcoin ETF. Fidelity built one with institutional credibility. [But Morgan Stanley has a private client wealth management network](https://news.bitcoin.com/morgan-stanley-bitcoin-etf-expected-tomorrow-as-massive-inflow-speculation-builds/) that specifically reaches the demographic most underexposed to Bitcoin: older, wealthier, advisor-driven investors who wanted the exposure but needed someone they already trusted to package it for them. That population hasn't moved yet in any meaningful size. This all lands while BTC is at \~$69K, Fear & Greed is at 13, and sentiment surveys are about as bearish as they've been all year. Every institutional access point that gets built during this drawdown is supply that will matter when conditions change. Worth watching first-day inflows closely. IBIT did around $112M on day one in January 2024. MSBT has a different distribution base and a fee advantage. The opening number will tell you something about how ready that advisor channel actually is. The bank that took two years of ETF approvals to finally launch its own product chose to do it while BTC is 45% off ATH. Make of that what you will. *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.*

No_Investigator3369

regular stocks have a 2 day rule. I've paid this long for IBIT I'm not selling today and missing a hormuz pump. I'm gonna wait till there's a no news period. But I'll definitely be switching.

sean_hash

0.14% fee undercutting IBIT is the real headline here.

Immediate-Engine9837

Honest take - volume comparison matters less than what it tells you about advisor demand. IBIT's numbers reflected supply shock, it was the first legit option for wealth managers. Morgan Stanley's entry isn't really competing on day-one volume, it's just giving advisors at that firm the option to include it in portfolio construction. The adoption story is whether traditional wealth managers without Bitcoin products start losing client pitches to this optionality, tbh.

TheRadishBros

Will be interesting to see how the volume compares to IBIT.

coinfeeds-bot

tldr; Morgan Stanley’s spot bitcoin ETF, the Morgan Stanley Bitcoin Trust (ticker: MSBT), is set to begin trading on the NYSE on April 8. It will be the first BTC ETF launched by a major U.S. commercial bank and will be distributed across about 16,000 Morgan Stanley financial advisors overseeing $6.2 trillion in client assets. The fund will charge a 0.14% fee, lower than BlackRock’s IBIT by 11 basis points. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

LetWinnersRun

MSBT is going to have 0.14%, IBIT and FBTC have 0.25%

Todo_es

Nice: "Morgan Stanley’s spot Bitcoin ETF appears set to begin trading Wednesday after the SEC declared the Morgan Stanley Bitcoin Trust effective and the bank filed its final prospectus. Bloomberg ETF analyst Eric Balchunas said in a post on X that the fund looks set to go live April 8, citing a screenshot of the NYSE listing notice. The trust is expected to trade on NYSE Arca under the ticker MSBT. The filing confirms Morgan Stanley is entering the crowded US spot bitcoin ETF market with a physical product that will hold Bitcoin directly and track the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. The trust will not use leverage, derivatives, or active trading to try to outperform Bitcoin. The product also arrives with aggressive pricing. Morgan Stanley disclosed a 0.14% annual delegated sponsor fee, which is below the 0.25% level charged by BlackRock’s IBIT and lower than most major spot Bitcoin ETFs currently on the market. Morgan Stanley said BNY and Coinbase Custody Trust Company will serve as Bitcoin custodians for the trust. The prospectus also says the initial seed creation baskets are expected to total about $1 million, with 50,000 shares created ahead of listing. This is a notable step because Morgan Stanley became the first major US bank to file for spot Bitcoin and Solana ETFs in January, marking a deeper push into crypto investment products by a traditional finance firm. Morgan Stanley also plans to offer Bitcoin, Ether, and Solana trading through E*Trade in the first half of 2026 through a partnership with Zerohash."

Alfador8

That's not true. The price of bitcoin when IBIT launched was \~$46k

ConcernedPen15

Not true for IBIT though since BTC was over 100k when it launched. I bet most IBIT holders are under water right now.

PirateHunterZoro252

1) River -they have a Bitcoin only exchange -cash generates 3% interest & converts to BTC -they have proof of reserves 2) IBIT -they use coinbase as their middleman -blackrock gave them an ultimatum of 12 to deposit their coins on-chain after there was speculation of paper Bitcoin around September 2024 -biggest asset manager, if private equity were to collapse black rock would definitely survive over the smaller private equity firms such as blue owl

AD_rumors

Just curious, if just looking for price appreciation why not BTC or IBIT in a brokerage. Seems like it's easier to cash out and more convenient. Now if you're planning to buy something using your wallet I get that.

rechtim

IBIT from blackrock has the longest track record but .25% expense ratio newly created MSBT from Morgan Stanley will have a .15% expense ratio FBTC is also available from fidelity matching Blackrocks' .25% ER

More-Ad-2831

You are correctly identifying your biggest threat (Operational Risk / Human Error), but your proposed solutions walk you directly into an even bigger threat: Systemic Counterparty Capture. If you move your BTC to Kraken or an ETF (IBIT), you are legally executing a downgrade in property rights. Under current commercial code (UCC Article 8), an ETF or exchange balance is not 'your' Bitcoin. It is a 'Security Entitlement.' You are demoting yourself to an Unsecured Creditor. If the custodian faces a liquidity crisis or a 'bail-in,' the secured creditors (derivative counterparties) have legal super-priority to sweep the pooled collateral. You get what's left. You are trading the risk of a lost seed phrase for the risk of institutional confiscation. There is a third option you are missing: You don't need an ETF; you need Collaborative Custody (like Unchained or Casa). It’s a 2-of-3 Multisig vault. You hold 2 keys, they hold 1. If you lose a key while living your nomad lifestyle, you aren't wiped out. The firm uses their 3rd key to help you recover the vault. But because they only have 1 key, they can never move, lend, or seize your Bitcoin. It solves your 'mismanagement' anxiety without surrendering your property rights to Wall Street. Don't trade atoms for paper IOUs."

MobilePenguins

I’ll get downvoted by some true crypto diehards but this is why I just use the stock market. MSTR and IBIT for example. Theres nothing to manage, no wallets to get hacked. You sacrifice self custody for well… no self custody! It’s managed by Wall Street for you. Can still buy and sell, can’t get rug pulled by the Nigerian Prince or a sketchy link. No seed phrase to lose.

BeginningMost6014

I'm very happy with IBIT on Fidelity... BTC in my Roth IRA is pretty nice...

BitcoinToothBro

IBIT. That's what I use.

Creepy-Ball-9787

Buy IBIT or BTC etf. Don't have to with crypto exchange bs. When they get regulated, then it might be a different story. A terrible experience with Binance was enough for me.

OkTrouble8723

Your MARA IV observation is spot on, 95% is brutal, eats up theta fast. IBIT at 50-52% is cleaner, but you're still paying up for that LEAPS structure. One thing worth watching: open interest concentration on IBIT and MARA options. Sometimes the smart money footprint shows up there before a big move, large OI building at specific strikes can signal where institutional hedges are positioned. I use [Coinlobster](https://coinlobster.com/prediction-whales) to track that kind of whale wallet activity and options flow data across both. Free for the core scanners

VaporFye

Just a thought if you buy $300k of IBIT it’s very easy to access margin on fidelity or Robinhood or whatever .

Stock-Courage-3879

There's rarely a perfect time to start and waiting for things to calm down usually means missing the move. Since you're used to ETFs the easiest entry point is probably a Bitcoin ETF. There are spot BTC ETFs available now that work exactly like what you already know. BlackRock's IBIT is the most popular one. If you want to hold Bitcoin, Coinbase or Kraken are good starting points. Just make sure you're not putting in more than you're okay watching drop temporarily because that happens and it's normal with BTC. Start small, learn as you go, and don't check the price every hour.

ArsenalOfCards

Only being slightly wreckless. Instead what I'd do if it was me. 2/3rds into a Roth IRA either in VOO or VTI. Then the other 1/3rd in BTC. Or if you're feeling extra spicy put that third into IBIT in your Roth IRA. Don't go all in on any single investment, make sure you diversify. At your age time is very much so on your side so diversifying into low cost index funds will give you far more upside and reduced risk than just BTC alone will.

Think-Sector-6329

yea, you're thinking about it the right way, but you my be adding too many moving parts. You BTC thesis can be right and the options trade can still disappoint because of timing, IV, and decay. Maybe keep BTC as the core position and treat IBIT LEAPS a small side bet. Feels like the cleaner move unless you're very confident on both direction and timeframe.

Opening-Berry-6041

Hey so like your whole approach to thinking about LEAPS for IBIT and considering the IV and halving cycles is honestly super next-level, have you ever thought about exploring how specific options Greeks might play into optimizing that strategy further even with the volatility?

Aggravating-Map-293

We are below the Rainbow chart. I don't know if it matters, but if you are in balls deep into IBIT things in the market are starting to feel weird.

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1s7l84p/morgan_stanleys_bitcoin_etf_just_filed_at_014/ Buried in Amendment No. 3 of Morgan Stanley's $MSBT S-1 filing this week: the fee is 0.14%. BlackRock's IBIT, currently the largest spot Bitcoin ETF in the world with \~$54 billion in assets, charges 0.25%. Fidelity's FBTC charges 0.25%. Morgan Stanley just filed to undercut every single competitor in the market on day one. Bloomberg ETF analyst Eric Balchunas' reaction: "Semi-shock." His colleague James Seyffart followed with: "WOW." These are people who track ETF fees professionally. That reaction tells you something. The strategic logic here isn't subtle. [Morgan Stanley Wealth Management oversees roughly $8 trillion in client assets and has over 15,000 financial advisors](https://news.bitcoin.com/morgan-stanley-eyes-dominance-in-bitcoin-etfs-as-its-low-fee-undercuts-blackrocks-ibit/). If they come in as the cheapest option, none of those advisors face an awkward conversation justifying why they're using a competitor's product. It removes friction at the point of sale across an enormous distribution network: one that reaches exactly the demographic still sitting on the sidelines: older, wealthier, advisor-guided investors who wanted Bitcoin exposure but weren't going near a self-custody wallet. Strategy CEO Phong Le ran the numbers publicly: a 2% allocation across Morgan Stanley's AUM would be $160 billion. That's roughly 3x the current size of IBIT. Even a 0.5% allocation starts moving markets. Launch is expected early April according to Seyffart. Coinbase Custody and BNY Mellon are the custody and administration partners. NYSE Arca listing notice already filed. All of this happening while Fear & Greed is in single digits and BTC is 44% off ATH. Every major piece of institutional infrastructure keeps getting built in bear markets. This is now the third time that's happened in this cycle alone. BlackRock spent two years building the dominant Bitcoin ETF. Morgan Stanley filed to undercut them on fees before their first day of trading. Welcome to the fee war nobody saw coming. *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.*

Darkerjev

You aren’t there yet young padowan. There is no “other stuff” I invest all my money into bitcoin or bitcoin derivatives like MSTR, IBIT, STRC, etc. There is only investing in bitcoin. There is no second best.

AmanCMN

Morgan Stanley 0.14% BlackRock (IBIT) 0.25% For institutions, that’s huge. Fees like that directly affect long term returns.

Rydog_78

Bingo. The biggest risk for these trad-fi companies is not having Bitcoin on their Bingo card. No one wants to end up like Blockbuster. Failure to see where the puck is going to be in 10 years could mean losing out on trillions of dollars. I think this is why Vanguard the knee earlier this year and open up access to a Bitocin ETF. After the over whelming success that BlackRock’s IBIT Vanguard needed to make a change at the top level. A CEO cannot survive making a financial mistake like its former CEO had done by rejecting the option to submit an application to the government to start a Bitcoin ETF. 7 other companies filed and well you know how that turned out for all of them. Now everyone wants a piece of those sweet sweet management fees.

-3229

Morgan Stanley's late to the party, their EFT will need to be much more attractive on terms than IBIT. Additionally, Strategy is going to eat their lunch🥪 STRC is a superior product.

HedgehogGlad9505

Take IBIT's prospectus as an example. There is a section of risk disclosure, "Risk Factors Related to the Trust and the Shares", "Risk Factors Related to the Regulation of the Trust and the Shares", "Risk Factors Related to Potential Conflicts of Interest" are all extra risks you won't have by self-custody. And they explicitly point out that their employees may cheat on you and you have only limited legal right to sue them. Of course it is unlikely to happen, but the risk is there.

EcstaticCell1511

Imo ignore the BTC purists that are all BTC in cold storage or nothing. There are many more people who lost their coins via mishandling via self custody vs centralized exchange collapses. The wild west days of MT GOX are over imo. Stick with FBTC or IBIT and you'll be fine.