IBIT

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

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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.

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OpticallyMosache

My only source of big funds is in my IRA which holds VOO. I think I'll start swapping VOO for IBIT tomorrow. These prices were unthinkable three months ago.

OpticallyMosache

I have VOO in an IRA that I'm going to start swapping to IBIT tomorrow.

Responsible_Grape813

[https://optioncharts.io/options/IBIT/max-pain](https://optioncharts.io/options/IBIT/max-pain) was that the panic flush?

csever31

That’s exactly what I did. FBTC to IBIT

Redditreader805

Short answer: Over the last month, BlackRock’s Bitcoin ETF (IBIT) has seen net outflows in the range of roughly $1.1 billion to $1.3 billion in Bitcoin redemptions. This reflects investors pulling capital from the fund, and those redemptions are what drives on-chain BTC liquidations — not BlackRock itself making a strategic sale.  In terms of Bitcoin quantity, using a price range typical for the period (~$70,000 to $80,000 per BTC), that equates to roughly 14,000 to 18,000 BTC redeemed or liquidated from the ETF on behalf of outgoing investors over the past month.

cruxtone

https://x.com/i/status/2019530503674568995 $10B in IBIT volume today. Assume we're dropping to catch the bid. Thin all the way down.

cruxtone

Here's my assessment of the news: $10B IBIT volume (at least there's a buyer for every seller) $56B in customer reserves withdrawn from Binance over the last few weeks (maybe Binance was rehypothecating user funds and are selling to cover. $2.2B longs liquidated

LargeSnorlax

If you desperately want exposure to Bitcoin that bad, why not just buy Bitcoin when it's that low? Or if you want to keep it institutional, why not something like IBIT? MSTR is just a scheme set up on top of an existing asset, if the whole point is to get exposure to a risky asset, you may as well just the asset itself

Backrus

Check my reply below, where I called collapse the moment IBIT cost basis breaks down. Traders trade, KOLs larp - they live off your engagement and paid groups. Influencers aren't your friends, you're their exit liquidity.

BreatheInExhaleAway

I hear ya man, I dumped a big amount in IBIT, due to FOMO, should have just stuck with my consistent DCA plan and stayed steady. That dump is crap, my DCA although modest had low average buy amt

dweeegs

I’m also very confused where this is coming from. I thought IBIT, MSTR, and the other companies/ETF’s were getting a mix from miners and from companies that buy spot on their behalf. But they were being purchased far faster than it’s mined IBIT is the fastest growing ETF of all time (by orders of magnitude) and touched $100B back in October. That’s a lot of OTC to be changing hands

Matty0417

I’m starting to nibble on the etfs. I know I should be buying Bitcoin directly (and I am) but no way I’m letting below $35 IBIT pass by. If it gets to $20 I’m backing the truck up haha 😂

Civitas_Futura

If you want short term gain, you can short or buy puts against the ETFs and companies like Strategy. I think we need to see what happens with those holders. We're in the range where forced selling will accelerate as all of the shares of funds like IBIT go into the red since they were launched. I think we'll see a mass exodus of many mainstream participants who entered the market the last few years thru mainstream channels as all of their gains have now turned to losses.

aaj094

IBIT on track to beating its daily volume record by a long way. Over $7 billion already with 110 minutes to go for close.

MGreymanN

IBIT is good for traders since it has higher liquidity they rely on coin base. Fidelity and FBIT own their own coins. So long term, I prefer that.

Gh0st_Pirate_LeChuck

Sold some VTI and gonna buy some IBIT. Now where the hell is the bottom? Lol Should probably just pull the trigger and not try to time it.

tbiscus

Hmmm...may have to pull the trigger on a Roth conversion of my IBIT here...

chud_the_gluttonous

IBIT ?

NatBitty

I might be the last IBIT holder left in profit soon. Needs to stay above $41k

dweeegs

IBIT doing its daily average volume within an 50 minutes of the market opening

Excellent_Growth3952

Can someone help me with how to do better. I bought IBIT when it was 61 and then DCA until 52. I started investing last year. I am not immediate need of cash. Now IBIT has fallen to 38 ish. I am wondering should I buy or still quietly. or something else.

Gh0st_Pirate_LeChuck

Buy IBIT

Revolutionary_Sea159

I invest in IBIT etf, if you want to buy Bitcoin, there are a lot of options like binamce, etc...

CIM2000

0 direct fee but the MER of the etf is 0.33% -- IBIT-C I use Disnat and I can only buy ETF with spot bitcoin to have the exposure.

Putrid_Pollution3455

That’s not true. It works as currency better than gold and silver for personal transactions, that’s good enough. Spot price IBIT is up 36% since inception a couple years ago. Now that it’s maturing the gains and swings won’t be as diabolical but this is the future reserve asset of the world. It’ll be a lovely experiment where we all can win again

NatBitty

My IBIT position is down $700k from October peak lol.

Fear_Blind83

You mean Blackrock's IBIT ETF customers sold.. https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust-etf

Internet_is_tough

Institutions sell - The most relevant institutions are bitcoin treasuries. There has been only one sale of BTC from 200 crypto treasuries in 2025. MSTR is a ticking time bomb - MSTR is 10% levered into their BTC purchases with convertible dept and payable dividends. They already have enough cash to cover the dividends for 2 years, the convertible dept needs to be serviced in tranches starting at 2028, and they can easily roll it over. MSTR will not sell a single bitcoin unless BTC price goes below 25k and stays there for a decade ETF inflows do not go up - IBIT was the most successful ETF launch in history. In the history of the world. 1.5 years after all big financial institutions have launched or are launching multiple BTC related ETFs (income, leverage, non leverage, crypto industry etc). Sounds like a failure right? Treasuries dumping - The treasury business model has no dumping as part of the strategy - MSTR has survived the crypto winter, prices well below their average buy price, BTC sold? ZERO. Treasuries are lean companies, BMNR is run by 10 people. They don't need cash. They have no reason to dump besides buying their own shares if MNAV is way below 1. Leverage is insane. 10/10 event was the single biggest liquidation event in history. All the leverage has been wiped from the system. The only leverage actually left is short. QE - irrelevant speculative. So yes wrong on 6/6 points.

CAFN8TD

You could also just ride the momentum down by buying IBIT puts then once it bottoms out, close the put and buy back BTC where it forms support. Just saying.

CAFN8TD

Been buying IBIT puts. So far it's been working out. Wondering how much lower it can go.

MonkeyKing676

I hoping that since I'm investing in MSTR and IBIT, they end up moving right along with Bitcoin

Vaginosis-Psychosis

Nope. I just buy ₿ and move to cold storage. I have IBIT in my Roth IRA and Roth 401k