FBTC
Fidelity Wise Origin Bitcoin Trust
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lmao i pulled out 50 bucks in bitcoin and put it in the FBTC cause im going to try and long term invest. good choice? who knows. ive been learning about the market and trading for about 2 weeks now and thought it was funny. might try day trading actually and lose literally everything!! Yippeeeeee!
Yeah, exactly. The current 'shares per BTC' is 1,760.56 (or 0.0005680 BTC per IBIT share), which is shown in the box near the bottom of the page on the tool. The calculator also updates the BTC/IBIT parity automatically, taking into account tracking drift, fees, and any NAV deviations so the conversion stays pretty accurate without extra work. There’s also a dropdown in the header next to IBIT with the top 10 BTC ETFs preloaded. Once those data feeds are finalized, you’ll be able to quickly run conversions for IBIT, FBTC, GBTC, and the rest. Idea is to replace manual calculations or spreadsheets, quickly switching between strikes for Bitcoiners that think in terms of BTC price, not IBIT (or FBTC, etc).
I’m roughly 85/15 US/int’l with US growth tilts. Mostly ETFs and mutual fund combos (VOO mostly with 15%ish VXUS) with a few individual stocks. I also bought a small chunk of FBTC for funsies recently haha
Zero chance. Buy FBTC instead and just bank on bitcoin. Why the f would you touch this POS
Thanks man, I'm honestly not comfortable taking a $25k+ loss at this point. I'll consider selling monthly covered calls against the 100 shares I already have and put the premium towards FBTC
Hey man. Me to you I think you should close that position and open a long on something else. If you want to go bitcoin just buy calls on FBTC or the others. MSTR is a dog man. It might go up but it’s a dog.
$FBTC every $10 it drops.
lol my buy and hold portfolio is down across the board: || || |FBTC| |VNQ| |VNQI| |VTI| |VXUS|
I also recommend VTI VXUS BND + GLD + FBTC + BRKB and if feeling conservative, SCHD
I really can’t see why anyone would pay a premium for MSTR stock over an ETF like FBTC.
Full port into FBTC, let’s go
A diversified global portfolio, structured as per your risk appetite. For stocks, you can use a global ETF such as VWRA. For bonds, again a global ETF such as AGGG. If you have a large portfolio, you can also buy individual bonds from different countries and denominated in multiple currencies to protect yourself from currency risk. Some gold is also good. A reputed ETF such as PHYS or GLD. If you want to take more risk and are ok with volatility, consider silver. And for a high-risk high-return part of your portfolio, you can add some Bitcoin too - it's core purpose of existence is situations like yours. You can use ETFs such as FBTC or IBIT, or buy directly and store in a cold wallet too.
100% FTEC in individual, 100% FBTC in IRA and 401k
So that’s your proof? A random tweet? IBIT and FBTC both down today meaning OUTFLOWS. If you’re saying binance is manipulating the price down, no, they’re not. Whales on binance manipulating it down? Sure, happens all the time. But binance isn’t directly doing anything
**Crypto Fear & Greed Index:** 21 (Extreme Fear) Today, I bought more Ethereum ($FETH and $ETHA), Bitcoin ($IBIT and $FBTC) and Solana ($BSOL) on big dips. In the meantime, FinTech and big banks are furiously working on faster transaction protocols on Ethereum and Solana blockchains which will replace current international and national transactions https://preview.redd.it/3m94fpkvxazf1.png?width=640&format=png&auto=webp&s=898d2276279a35284e6d78833be27a3eb72d6f6d
Today's market sentiment reminds me of April (not as bad yet though) because I was posting that I was buying with all my available cash in [r/stocks](https://www.reddit.com/r/stocks/) and [r/investing](https://www.reddit.com/r/investing/) and they were downvoting me like crazy. Six months later I am 200-300% in many stocks I bought in April Today, I am buying Ethereum ($FETH and $ETHA), Bitcoin ($IBIT and $FBTC) and Solana ($BSOL) because: **Crypto Fear & Greed Index:** 21 (Extreme Fear)
IBIT and FBTC have 24/7 trading. You can trade 5/7 of the week just fine with the ETFs which is well worth the fee rapery of regular crypto.
I sold FBTC, I didn't like the big swings. If you are into day trading, its not a bad idea.
If racehorses can be held in a self-directed IRA then I suppose physical gold can be too. IRAs of the self-directed kind are a special kind of IRA. Is a single-commodity ETF treated as an ordinary stock ETF? Not if it’s a grantor trust like GLD or SGOL or IBIT or FBTC. These are treated as if you actually own the commodity itself, and are using the ETF as a custodian of sorts. And the maintenance fees we pay these ETFs? They’re an expense the IRS recognizes and we can add them to our cost basis. Complicating things a bit is that the ETF shaves off a bit of our commodity each month and cashes it to pay expenses. That’s a taxable event that gets passed through to us and we report those monthly transactions on Schedule D.
Can I ask why FBTC or FETH for 5-10 years is better than COST?
Buy QQQM FBTC or FETH on an auto weekly basis. Cost is a dividend play, you’re too young for that. Focus on total return. Dividends are not free money. If you just live Costco, then all good. I buy them because I like them, full disclosure. Buy auto weekly. Set to auto. Do t rely on self discipline. Sell only when you have something urgent to pay for. That’s it. That’s investing. Have an emergency fund. Learn as you go, Rome wasn’t built in a day. Best of luck!!
And it’s up 65 percent in 1 year compared to 15 percent on spy, so cherry picking time frames doesn’t mean shit. I mean if you’re so confident then sure go for it, the flow is still heavily bullish on IBIT and FBTC
Is this sarcasm? Or are you genuinely confused as to which is the better purchase MSTY & ULTY vs BITO & FBTC?
The traditional advice for retirement accounts is to invest in growth index funds like S&P500 (500 companies) or a total market fund like VTI with thousands of companies. These funds tape into the average growth of hundreds of companes. FBTC basically taps into the growth on one thing bitcoin. Bitcoin is fare riskier than growth index funds because it is not diversified. Yes it has been consistently going up. But eventually anything in the market will go down. When at nd how much no one knows. For people that are retired they common adivce is to convert your growth funds to Bond funds for income. Others use dividend income. These assets generate a continous stream of income without selling shares. Many have a mix of growth index funds, bonds, and dividend funds. For taxable accounts many use bonds or money market funds or dividends for income in addition to work income. And often growth index funds are included. I wouldrecomend you go with a combination right now with VTI for growth and SPYI for income. Many
I don't mind the idea of leveraging MSTR in principle, but $450 seems like a big ask... Personally, I've never bought MSTR, I have a fair amount of BTC that I self custody, and a healthy position in FBTC in an IRA.
Open a Fidelity account. Buy QQQM or VOO on a weekly auto basis. Then work to increase that weekly. Sell ONLY when you have something urgent to pay for. You can leave Schwab where it is. No you don’t need to “convert” (you’re already thinking of selling when you have nothing urgent to pay for). ETF’s are better for taxes long term in taxable account. Rome wasn’t built in a day. You learn as you go. You’re doing great at your age!! If you want FBTC or FETH, that’s fine. Buy auto weekly just anything else. Fidelity supports fractionals. You can $25/week if you wanted. Never rely on self discipline. Always set to auto. ONLY SELL if you have something urgent to pay for. Be suspicious of you “urgency”. If you learn this early you will see money is super easy. Best of luck!!
Not index but best buys for me have been WPAY, SCHD, SCHG, FBTC, FUTY, and JEPQ
I never got into crypto until Fidelity made an ETF. I always see it as a scam. But now that it is an ETF I have some liquidity. I bought FBTC when it first came out, and it has doubled.
You can already buy crypto ETFs like FBTC in 401ks
My understanding is that Fidelity's FBTC are held by "Fidelity Digital Assets" which then uses cold storage. So Fidelity's bitcoin is essentially held by Fidelity, albeit a different legal entity, but its essentially the same thing. Now I could be wrong, but that seems logical to me.
Most people including me are more likely to lose their btc by self custody. If buying ETF I would buy FBTC because I trust fidelity. BTC in cold wallet cannot liquidate to “money” unless you send it to an crypto exchange. And sending cryptocurrencies to a crypto exchange carries risk as well.
It's funny that you used Fidelity as the example, because Fidelity actually is the custodian of FBTC's bitcoin.
Id go with blue chips techs mostly, a bitcoin etf, and a couple other non tech bluechips. Think Alphabet, Apple, Nividia, Microsoft, Amazon, Tesla, AMD, Palantir, Crowdstrike, Taiwan Semiconductor, Costco, Visa, JP Morgan Chase, Berkshire Hathaway, and FBTC. Lot of upside here to be up massively over the next 10 years.
I buy some FBTC and FETH every week and have had no issues with them. I’m a similar boat - I want some skin in the game but don’t want to worry about self custody. Crypto maxis will scoff at you by saying “not your keys, not your coins”, but I trust Fidelity so that doesn’t bother me. And their ETFs are backed by the actual assets.
I like $FBTC because they custody their own Bitcoin. The other ETFs mostly use Coinbase.
Bought more IBIT and FBTC today
I’m at about 30% gold allocation in IAUM, 15% crypto FBTC and FETH, the remaining 55% is S&P500
Fiat always goes down. Its purpose isn’t to have stable value. Its purpose is to transact. And nothing transacts better on the planet, for better or worse. If you want to hold gold, great. It hasn’t been awesome since 2000, it’s been the last 5 of gold bugs gaining traction and sheep following. The gold bugs have willed this into existence, which end of the day is fine, it’s how markets work, more buy orders price go up. It might be wise, I would rather QQQM and FBTC personally. To each their own. Best to all.
Sure. I guess. Nothing I would ever buy or reco. I don’t believe in rocks. If we’re playing store of value, I would rather FBTC and call it a day. Most people should just stick to QQQM or VOO DCA. Sell when you have something urgent to pay for. Moving to gold after historic all time highs after decades of poo poo, reeks of FOMO. OP sounds rich, lowkey humble brag, he will be fine lol.
In my Roth IRA for the year, I did $1k in FBTC, $2k in VXUS, and $4k in VTI. Do you think it’s wise to get FBTC in my taxable brokerage?
I think BITF will outperform BITX. Also I own a fuckton of BITU in my retirement accounts which have been very profitable for me. I did the comparison with BITX and I would’ve made significantly less because BITX has a crazy decay on it. Not even kidding compare the 2. Safest bitcoin play is FBTC because they barely charge anything, it follows bitcoin pretty closely.
Shoulda kept my Roth in FBTC lol
And both BITU and FBTC are significantly outperforming SPY
Over a year ago I put my whole 401k and hsa money into BITU. And 95% of the time it would’ve been more profitable to have bought FBTC. (BITU is 2x leverage on the bitcoin) because of decay. But after all this time it’s almost a good investment.
I also hold FBTC for this reason. FBTC afaik is the only ETF that doesn't use a third-party custodian.
I should have mentioned I use FBTC in my Roth, hence tax free gains. I’ve edited my original post to clarify that.
Fidelity FBTC holds the Bitcoin directly themselves. iShares IBIT uses Coinbase I believe, it’s not direct for them.
What’s the rationale to owning FBTC instead of IBIT which has lower fees?
Yes. I own normal Bitcoin and FBTC (in my Roth IRA) and they have almost identical performance. If you Google both their gains historically you can see for yourself.
I don’t want to deal with it directly so I let Fidelity deal with it, and by using FBTC I get tax free growth.
when you buy FBTC puts, fren.
? A lot of places offer it as a stock. FBTC is one of many
As someone who holds RR, RKLB, and IONQ, I view these as really long term holds. All 3 could be the actual future. At the same time, I allow myself about 1/6 of the money I contribute to "fun stocks". The rest goes to VTI, VXUS, and a little bit of FBTC. For FBTC, this is somewhat a recent development and change in strategy. I feel having ~5% of your holdings in crypto will become the new norm. This is coming from someone who had quite a bit of BTC in 2017 and cashed out when it hit $17k. I'm not upset about not holding that as for the longest time I had the philosophy "no one knows why btc goes up and down, why would you invest in that". Now it seems like that's still true, but if you keep DCAing, you can probably come out ahead in the big swings. And I know FBTC has quite a high expense ratio, but with my brokerage I receive a 1% bonus on recurring buys, so I still believe I'm ahead instead of buying actual coin. I did read somewhere though that there's a service that waives transaction fees on BTC if you do recurring purchases, maybe I should look into that. Idk life is busy and FBTC is easy 😆
VOO and chill in Fidelity account. Set to auto. Sell only when something urgent to pay for. FBTC FETH are fun with autos as well. Just set to auto, don’t rely on self discipline.
There's nothing wrong with investing in both stocks and some IBIT or FBTC
ICOP for Copper Mining. IDMO, FIVA, FENI, FNDE for foreign equity. FBTC for Bitcoin. I’d mention my US holdings too but it’s pretty standard stuff. Never stop buying.
Next couple of weeks is way too short. I would prioritize capital preservation as opposed to gains because I would imagine that your classmates may take shots on individual stocks that could just go ass up. Something like: - 60% VOO - 20% SPMO - 15% mix of individual stocks ranging from shit-tier to MAG7 (NVDA, GOOGL, OPEN) - 5% crypto (FBTC or FETH, any Bitcoin or Ethereum ETF) This is on the very aggressive side of a reasonable portfolio. Your holdings in VOO ensure some capital preservation while the SPMO ensures you have a steady basket of stocks beating the market, and your choice of individual stocks are targeting the companies with the highest trading volumes, and the crypto is a hedge on the federal reserve cutting interest rates amidst rising inflation. I’ve done historical projections on this portfolio breakdown, and over a 1 year span, you could assume an alpha of 1-2%. Obviously you can’t guarantee anything but be reasonable. I don’t know what they’re teaching in your economics class but if you want this to be somewhat reflective of a real portfolio I would suggest something along the lines of what I have above with some justification for why you would choose that.
The only real difference between the two is that FBTC is fidelity and is slightly more expansive, and IBIT is blackrock and is cheaper. In reality they have the same performance year over year performance so either is a great choice for tracking bitcoin.
What about FBTC? Just curious since it’s almost the same as IBIT
VT, BND, and FBTC. I added some bonds recently hoping to DCA into market volatility.
Can you explain more about FBTC and FETH in a Roth?
Just buy more auto of what you want. Don’t sell. VOO or QQQM. Same thing for crypto. FBTC FETH, in a Roth is chef’s kiss. Set to auto. work to increase the auto. Sell only when you have something urgent to pay for. Talk yourself out of smart rationalizations to sell for other reasons: consolidate, hedge,simplify… all just excuses for selling when you don’t have an urgent use of the money. Best of luck.
FBTC, not a stock but a Bitcoin etf.
Thats nothing compared to bitcoin ETFs such as IBIT and FBTC where you'll see big swings up and down every day.
KO, SPYG/SPLG/VOO, FBTC, and I would say intel but idk about that rn…maybe after they have a clear consolidation. You’d probably do the best by just parking/dollar averaging into those, maybe even a stock like DUK (energy), but actively investing may not be the best for returns if you’re already in a high income environment.
Took my ETHU profits. Holding FBTC for the rest of this rally, let's go!
I'd not be too happy because I hold a ton of FBTC in my retirement account, but I still don't get why that continues to make me money
I have it in my wife’s Roth since March 2024, DCA every week, up about 30%. I intend to keep it long term. Her Roth is the aggressive account, it also includes FBTC and IDMO.
Speak with a Fidelity rep. You can and should do this. You can open a roth ira for them, the greatest financial gift you can do for anyone. They can use the contributed money without penalty if needed. They can use that and the returns on investment without penalty for school, first home, and serious medical. The money grows tax-free and remains tax-free. Tea has them about S&P500 index funds like FAIXX or VOO. Teach them about today's tech with FBTC and FETH. You 12 year old, if making regular deposits, even small ,they'll be set and eternally grateful for the introduction.
I’m roughly 7.5% in FBTC. The my goal is to keep it within the 5-10% range of my portfolio.
None ☹️Missed that train but I might buy a little FBTC each paycheck.
>Short MSTR and get out of crypto gambling. Uhm - MSTR is tied directly to the price of BTC. If you short MSTR - you are getting further into crypto gambling unless you own an equal weight of FBTC or IBIT or similar to offset your losses with MSTR if BTC goes up.
I don't hate the trade. The chart looks rough so you probably have some wind at your back. If I were going to express this, I'd prefer a pair trade of long BTC, short MSTR (and maybe that's essentially what you're doing, based on your first sentence). BTC is still bullish enough it could float MSTR's boat a bit longer. But since MSTR's high last year, MSTR is down 21% while FBTC is up nearly 25%. So it's definitely not acting as leveraged bitcoin recently and while it has worked off some of its overvaluation vs BTC, I bet you're right that there's more to go. But I can never bring myself to be short anything bitcoin-related since short squeezes can be brutal at times, and we're still in the bullish part of the cycle. Hope it works out for you.
You might want to do VT if you’re worried about this. Personally I believe more in the US than international markets. The US government (left and right) cares more about the stock market than it does its own citizens which makes it crappy to be a citizen but great for an investor. As for bitcoin, I invest 5% into FBTC. But you might not want the added stress on your life. Once you start adding riskier investments the more you’ll want to optimize your portfolio with the best funds and you could end up losing sleep over a portfolio that might not even outperform longterm.
You might want to do VT. There is good reason to worry about the American economy. However, China is way worse off than the US and its economy is going to get even worse before it gets better. As for risky investments like bitcoin I personally do 5% into FBTC and have a lot of money in tech ETFs like SMH and IGV, as well as some single stocks. My PLTR stock is up 120% due to buying it in the dip in April. But once you divert away from a one fund portfolio it opens up a can of worms and gets you into optimizing the perfect portfolio with the best chance of a high return. This will add a lot of stress that you might not want in your life and could all be for nothing if your investments underperform longterm. So choose VTI or VT if you want to sleep well at night knowing that you’re pretty much guaranteed a fair return or you can go all in on a high risk portfolio that *could* significantly outperform over the long run at the cost of stress and anxiety (unless you have the stomach for it). If you want advice on something like that I can give you tips but I recommend starting with VTI or VT until you get a feel for your risk tolerance.
I started in my 40s as well. I have read that you need to invest $2000-2500 a month to catch up when starting at this age. I don’t have that much to invest so I’m instead investing in a higher risk portfolio. I’m not saying I recommend doing this but I either succeed or I fail and I know that a conservative boglehead 3-fund portfolio won’t get me there at this age. If I bet on the wrong funds I might make a lot less than I would with a 3 fund portfolio but if going the safe route is guaranteed to fail id rather risk it on something that has a chance even if it might end up underperforming. Most risky portfolio I’d be willing to do: SPMO, FTEC, SCHD, AVUV, FBTC, split equally, rebalancing annually for 15 years and then take a more conservative approach in retirement, maybe 30% SCHD, 30% AVIV, and 10% into the others.
Awesome situation... I think you're a little young for gold and silver and schd, however most of all you need to get more aggressive.... 30% VOO 50%. QQQM 10%. Mix of precious metals if you want 10%. FBTC Good luck with your investing adventure moving forward
Just DCA some FBTC and FETH if you want some extra excitement. Set everything to automatic. Don’t rely on self discipline. If you’re asking these questions 2 months in though, it is not a good sign. Best of luck!
You're mixing solid stuff with some weird junk. VT and AVUV are fine, but SPMO is a weird smart beta play and overlaps a lot with AVUV. SSO+QLD is double trouble - you're basically layering leverage on already volatile sectors. FBTC is fine if you’re cool with potential 80% drawdowns. Check this breakdown of your allocation: https://www.insightfol.io/en/portfolios/report/2423193b43/
Definitely take a look into a Bitcoin ETF like $IBIT or $FBTC. Fastest growing asset of all time.
You will Win with the plan you shared in your post, or even a small tweak here and there. JUST DO IT and Dont touch it for decades! The hard part is to start, and the hardest part is to stay consistent with investing and not cashing out if needed! Let it ride! Congrats! My fave etfs are VOO, SCHG, SPMO, and FBTC. SPMO and SCHG have had great returns.Check them out
I like to make my Roth a bit extra aggressive. So it’s mostly VTI with some SCHG and FBTC and FETH mixed in.
I’m probably not the best to follow. I do my more risky investments with my Roth. Currently holding FBTC, MSTR, IBIT calls. $44.5k deposited so far, grown to $200k over the 6 years I’ve been using the account.
Consider diversifying ETF custodians by splitting IBIT with FBTC. Look into the new STRC preferred instrument from MSTR. Currently offering 9% p.a., payable monthly, with the aim of a stable share price. Consider some direct BTC held in self custody (just in case ;-))
It doesn’t necessarily have to be all in QQQ (I have QQQM, which is the same thing but slightly lower expense). I also have VOO, SCHG, SPMO, FBTC, VUG. A lot of ppl will say (and have said) “ there is sooo much overlap”. But who cares! I like tilting towards certain companies, so i buy all of these. As long as you are investing, be proud of investing!! Again, it doesn’t have to be one or the other.
I just don't believe in bitcoin that's why yet FBTC is the best performing etf that I have right now. Had I gone all in with FBTC last year..........supposedly it will go to 1.5 mil
FBTC and FETH, maybe some Solana. Setup auto buys for whatever you can afford. Work to increase that auto. That’s all investing is: divert from spending to auto invest. VOO should be your largest. Sell only when you have something urgent to pay for. Learn as you go! You will do great!!
I've pissed away a few thousand in my IRA via options because I'm regarded so I don't do that anymore. However, I made a lot of money in my IRA by buying video game stonk, and then lots of GBTC back when bitcorn last went under $20k in 2022 or 23 I have some FBTC now but am mostly VOO. Whenever we start seeing articles about "is bitcorn dead" again, I'll be selling lots of VOO and buying more FBTC Oh, and 401ks can get rolled over to an IRA, so that's probably like $150k of my IRA principal.
So is Visa scamming people with Solana? https://usa.visa.com/solutions/crypto/deep-dive-on-solana.html Is Fidelity scamming people with their FBTC and FETH ETFs?
If you wanna be more aggressive, get SPMO for US equity and IDMO for international equity. The momentum tilt spices things up. Consider some FBTC. Bitcoin appears to be here to stay, like it or not, so if you buy in a Roth I recommend Fidelity’s offering. They actually hold their own BitCoin and don’t rely on a third party for it. Other considerations would be AVUV for small cap value. This ETF is something of a unicorn, they manage to get good results from otherwise overlooked small stocks. It’s been beaten down this year, which means it’s a buy opportunity. In addition to international broad indexes, I also hold FLIN for India equity. I genuinely believe in continued growth in India, and most indexes seem to be underweight for that country. If there are other regions you feel strongly about, check out other regional offerings from Franklin Templeton. Any commodities you feel strongly about? You could buy IAUM for gold, or ICOP for Copper Mining. Feel bullish on semiconductors? Check out SMH or SOXX.
Roth IRA with fideloty and then buy FBTC and FETH build generational wealth.
VTI + FBTC is a solid start. You probably don’t need a third ETF unless you want to diversify a bit more (like international or small-cap tilt). SPYG overlaps with VTI, but if it’s doing well and you like the growth tilt, no harm keeping it for now. If you want to consider managing things on your own now, check out something we have built for small portfolio managers: [www.photoncompounding.com/learn](http://www.photoncompounding.com/learn)
FBTC is superior because Fidelity self-custodies. IBIT does not hold the keys to its btc, coinbase does, so it has third party risk.