Reddit Posts
Spot ETF’s are here now. BITO will outperform them.
Vanguard is an amazing company [Serious]
Vanguard is using the same logic that made the SEC lose their court case
Whats the benefit of holding a BTC spot ETF vs a Futures ETF?
Cathie Wood's ARK bought $92m worth of Bitcoin ETF shares in $BITO
Ark bought 4.3 MILLION shares of BITO today - why?
Let's talk about the pros and cons of Future Contract BTC vs Spot BTC etfs
MicroStrategy stock as a leveraged bet on Bitcoin
BITO Call Options price rising strike date January 2024
Serious question: What would happen to the price of existing BTC ETFs once the Blackrock one gets approved?
advantages and disadvantages of BTC ETF
Bitcoin Spot ETF Approval effect on Futures type ETF?
Would you buy a crypto ETF that paid out a monthly dividend? Because they exist!
Would you buy a BTC/ETH ETF that paid out a dividend? Because they exist!
Don't let grifters convince you ETF approvals are bullish narratives. They have close to no impact on the price.
How will a Bitcoin ETF change things when we already have a Bitcoin Futures ETF?
Bitcoin ETF Fever Returns: ProShares' BITO Sees Largest Inflow in a Year
Bitcoin ETF fever returns: Biggest inflow to ProShares’ BITO in a year
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a year
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a year
Despite volatile risk sentiment and rising regulatory scrutiny, Bitcoin ETFs’ assets under management have surged. BITO continued gaining traction relative to its Canadian counterparts. As of March 3, it manages $747mn in assets up 37% YTD.
Buying Calls are More Safer Than Buying BTC
Its been over a year now since the first Bitcoin Futures ETF (BITO) in the US was released. Here is what we can learn out of it:
Its been over a year now since the first Bitcoin Futures ETF in the US was released. Here is the impact of it on the markets:
Diversity in your overall portfolio is key!
“Michael Burry of Crypto” is betting on a market crash with shorts on COIN, MSTR, BITO
Liron, an outspoken crypto hater, revealed he profited $6M before embracing cynicism. Now he's shorting the same crypto bets he made gains on
Popular Crypto Hater Profited $6M on Early Crypto Bets, and Now is Shorting BITO
DD - Did ETFs kill Bitcoin (and all of crypto)???
Bitcoin futures ETF BITO doesn't appear to be suffering from contango
What is the difference between holding a Bitcoin ETF (like BITO) and holding actual Bitcoin?
Going through yet another crypto dip, do you hedge your Bitcoin positions with put options on Bitcoin-linked ETFs? Some are registered in the US: BITO, BTF, XBTF, BITS, etc. Unlike many crypto options exchanges (Deribit?) ETF options have virtually 0 default risk and are quite liquid
Going through yet another crypto dip, do you hedge your crypto positions with put options on Bitcoin-linked ETFs? Some are registered in the US: BITO, BTF, XBTF, BITS, etc. Unlike many crypto options exchanges (Deribit?) ETF options have virtually 0 default risk and are quite liquid
If you buy Bitcoin and keep it at the exchange, you are net short, you are contributing to the price of Bitcoin going down, even if your goal is higher prices.
If you buy Bitcoin and keep it at the exchange, you are net short, you are contributing to the price of Bitcoin going down, even if your goal is higher prices.
Now that we have a Bitcoin futures ETF (BITO), why arent there more crypto futures ETF's being created and filed for? Sure spot ETF is better, but this method is proven to work and get approved.
$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves
SEC repeatedly rejecting spot ETF while approving Futures is a blatant attempt to grab regulatory authority. The SEC is not acting in the interests of the people it is sworn to protect
How do you sell stocks and move it to bitcoin without getting burned by the T+2 delay?
Guys if I want to invest bitcoin through ETF, which one is the better option? BITO or GBTC?
Bitcoin launched 13 years ago today—here are 8 milestones from the past year - happy birthday
Bitcoin dominance is at a multi-year low, and looking likely to break to an all time low. Altcoins may be poised for a massive rally
ADOPTION: Meta, Apple und Co. ProShares meldet Metaverse ETF an
Christmas days, bitcoin hits highest levels in last 2 weeks
Am I able to take a capital loss switching from GBTC to BITO
how is tax for $BITO ProShares Bitcoin Strategy ETF?
Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs
Altcoin Roundup: 3 signs that show crypto mass adoption is underway
VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO's
Can anyone explain the mechanics of a Bitcoin futures carry trade?
11.11 Crypto Market Update and Trader Digest by Trader Gabi
Bitcoin options.. how to leverage a small portfolio
Bitcoin ETF continues to drive market enthusiasm: less than half a month after listing, market cap already exceeds $1 billionWhat do you think about that just for reference
Goodnight's First Bitcoin ETF Breaks $2.3 Billion in Two Weeks on the Market!
PSA: The new Bitcoin ETF is an expensive way to hodl. It's currently expected to lose 10% a year compared to actual Bitcoin.
Bakkt Stock Goes Parabolic, GBTC Outpaces BITO ETF And Tom Brady Offers 1 BTC For 600th Touchdown Ball: Hodler’s Digest, Oct. 24-30
Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC for 600th touchdown ball: Hodler’s Digest, Oct. 24-30
Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC for 600th touchdown ball: Hodler’s Digest, Oct. 24-30
Looking for the Best Bitcoin ETF? BITO vs. GBTC Face Off!!
Mentions
Yes and no….yes btc, ibit increase and no so my BITO futures rollover for a nice fat dividend every month so far.
Buy BITO calls in 3 months for january and June expiration
The dividends for BITO are absolutely crazy.
I have been buying BITO and BETH daily. Have $500k in it. If this fucker goes to a Million I will lick on Cathy Woods fingers after she plays with herself
$BITO is trading at $28 right now. What am I missing?
I know this sub hates both futures and the stock market, but $BITO calls are on sale for June if you’re bullish. Very low premiums and a huge upside potential around the $26 strike if we make it back to ATH by then.
It is just like any ETF, but it is based on BTC short positions, where the BITO is based on BTC long positions. They have them for all major markets (a couple S&P ones are SPXU, SH, etc.). They are specifically for the purpose of purchasing a counter position to reduce risk without necessarily having to sell your position. They are not to buy and hold for long. If you look at the chart you wonder why anyone would buy something that seemingly only goes down, but in times where you feel a market plunge is imminent you can buy and hold while the market is falling. So theoretically if you sold all your holdings at a cycle top and used the money to buy BITI, then BTC lost 80%, you would make 80% profit (it would actually be more like 75%ish due to high expenses on Futures based ETFs), then at cycle bottom you could reinvest back into BTC. Or if we hit a new high like in March, and you are afraid a short term crash is coming, you could sell half, buy BITI and you would lose nothing (save the excess expenses).
You could hedge your long position with options against BITO if you're worried about further decline. Make money when it goes down and up.
I just sold some. I have BITO long options, and I sold them to buy three times more short term options.
BITO , which i own , follows BTC futures, so if the BTC price goes down , BITO goes down so your puts would be in the money so to speak.
Because BITO pays fat dividends.
Updated look at the holders of $IBIT, there's about 30 of them so far (mostly funds and advisors) accounting for 0.2% of shares out which means this is tippy tip of iceberg (context: BITO has 42% of shares reported via 13F). Also shows lot of "nibbling" going on as evidenced by the tiny % port numbers. Not even at 1% yet https://twitter.com/ericbalchunas/status/1780249379091198042?s=46&t=ihVglVXC0BQSbw6j57EoaA
There are ways to essentially buy Bitcoin on leverage without having to incur a guaranteed 16.85 annualized loss on top of BTCs volatility. For example, you could buy call options on the BITO ETF. You could never lose more money than you put in, and you will make a higher percentage return than spot Bitcoin if we rocket higher during the term of the contract. You should invest money you can afford to lose, not borrow money. No exceptions. You are not investing responsibly.
I just loaded a metric fuck ton of BITO calls for next week on that dip. Hoping that was the capitulation before a weekend where we find out Iran ain’t doin shit
In the IRA: BITX or BITO cslls on half my stack for the next few months, it's only going up so I want to 2x for the run up. Slowly transition to FBTC and sell a bit to derisk as we hit milestone values at 100k, 150k, 200k. Sell on blow off tops, usual 2sigma on the 4hr chart. By Sept or Oct have a 25% cash position back, ready to buy dips. Maybe sell over 2sigma 4hr and buy back in at -2sigma, day trade, but only 10% of stack. Actual BTC, cold storage, never sell unless I need to buy something and it's near a short term top. FIFO so what is sold is a LT cap gain. Buy new if I can and let that age over a year.
Why would the BTC ETF's, which are backed by actual BTC and required to track BTC via their prospectus not parallel BTC? There are *separate* ETFs that track Futures and any of the "Strategy" ETFs like BITO -- which have nothing to do with GBTC, HODL, IBIT, etc which own BTC directly and track BTC directly (during market hours).
BITO is a futures G and pays a div. ~16.5% last payout.
I’m on my 30’s and I did this with about $50k in August 2023. Transferred my 401k balance into BrokerageLink, bought BITO, sold and converted it to IBIT on the day it launched. My $50k is now $130k in 8 months time. Will sell whenever we top out and put it in something more conservative until we gear up for another bull run again 🤷🏻♂️
It's my day off work... so yea . I can't decide which one to stick with though . BITO is the cheapest at 29.82, but warns it's not warranted to crypto future patterns. who knows i option BITO though and that looks like it is doing good. either way BTC hitting 60 before halving would be great on the ETF side of things
Yes and no. a few of them act differently or have a flatline pattern. BITO and IBIT follow it dead on point tho.
Just trying to figure out where it's going is the thing. Need 10 shares each of BRRR, BITO, IBIT, BITB, FBTC, GBTC, BTCO stat :) 66k wouldn't hurt my feelings again. We still got a week or so, people can get scared
I've held onto some BITO in spite of the higher expense ratio. I know it's slightly irrational but I've liked getting a payout of a few extra shares (reinvested dividends) every month. About 11 more were added to my account today.
You can buy BITO I believe. Not exactly same as spot ETF but still better than nothing.
That’s what I’m betting on. Shorting Vol by selling options on BITO. I am pretty bullish on Bitcoin and think we have more upside than downside, but betting that the uncertainty will just lead to collapsing tension.
You are indeed correct. Note that both futures-based BITO and futures-based BTF grew around the same amount as spot-based FBTC since January, when you include dividends.
Hold some forever Take a bit to trade if you need to scratch that itch For trading fun, I have been selling monthly calls when BTC tops, against long ITM leaps on BITO, to generate cash to buy and hodl more BITX, sort of a poor man's covered calendar call spread
Long story short, you'll get eaten up by contango with BITO since the fund rolls monthly contracts at a premium. I learned that the hard way. Even a near-billionaire DMed me about my tweet regarding this. It's disgusting that a futures ETF got approved with siphoning contango, yet not a prior spot BTC ETF. My guess is that options won't be added on BTC ETFs until ATH as MMs don't want the counter-trade of capped risk profile.
ProShares BITO gives dividends every month. https://www.proshares.com/fund-highlights/bito Valkyrie BTF gives dividends every quarter. https://valkyrie-funds.com/btf/ Basically they carve out some of the growth as dividends. If you set your brokerage to "reinvest," they grow kind of the same as just holding something like GBTC (but with different tax implication since you'll get taxed now on the dividends). So if you are just buy-and-hold for 30 years, I don't recommend the dividend ones. But if you want to spend a little bit of your gains along the way, the dividend ones could be attractive.
back then i thought i was late to the party too— i kept 1 BTC from those times for a “what-if” but what i really should’ve done is kept 1 month’s salary in BTC and kept it aside. nowadays, a few months ago I just placed a LEAPS/options call on BITO set to expire in Jan 2026. ill probably sell the LEAPS towards the last quarter of next year. back in the day crypto was unregulated and easily got away without getting monitored.. nowadays all the crypto platforms are strictly KYC and govt regulated & etc.. so i just options trade the btc themed stocks
I love MSTR and Saylor’s vision my opinion is 100% short term as BTC has always doubled its prior cycle ATH within 6 months of a Halving. In 2025 I believe BTC surpasses the average expected consensus high expectations of 170,000 to 210,000 at bull peak. I we see 335,000 to 400,000…. At 300,000 would give MSTR at no premium to BTC holding a justifiable price of 4000 Per share… I’m personally buying the BTC ETF SYMBOL BITO January 2026 leaps ( Calls ) with strike price of 30 at 10.00 per contract ( 1000.00 in actual dollars per contract is 10 X100 ).. as BITO is currently valued at 0.000457 of 1 BTC…. At BTC 200,000 BITO should be worth 91 per share of a 200% gain plus any option time premium..a 1000 investment can net you 6000+… lol sorry I went off on a tangent
HODL and a leverage play bought BITO calls for 12 months post halving…
There are some options available now, BITO for example.
Cash out my BITO call options and buy more Bitcoin with it.
Just other ETFS in general like BITO
I sold a few short term BITO calls against my BITO ITM leaps, probably will sell more on the next pump. Also have buy orders placed at lower prices, if they hit ill sell some older coins at 15% long term cap gains tax and still be holding the same amount.
I have been trading BTC price movements through BITO since 2021, and will switch over to one of the larger ETFs when options appear. I'm all into ETFs is because I didn't want to have to deal with the overhead of managing actual BTCs, all the regulatory uncertainty we went through until very recently, and could use the same platforms as I do my other trading in. To me, the ETF fees are negligible, and I am not concerned whatsoever with counterparty risk. Nothing against BTC or those who handle it directly - I admire the ability to do so.
It also includes the bitcoin sold by new etfs, lol For example ARK sold boatloads of BITO and GBTC.
Saylor is like the Cathy Wood of Bitcoin in the sense that he doesn't care about price, but then he goes the extra mile and collateralizes to buy more Bitcoin. As much as I credit him for being the first major company to push into Bitcoin, it's like this guy hasn't seen how this story ends. Long Bitcoin, begining to short MSTR modestly as a hedge. OP should just do options via BITO if he wants the leverage, this loan business decaying your money away reminds me of all the toppy stuff we've seen before... But we are in the middle of a cycle that doesn't usually stop here, so I'm not gonna short too much. Gamblers gotta be periodically flushed out.
Mmm I’ve started playing with calls and puts lately but what do you mean by “rolling it forward or back with higher strike prices”? What I was saying is that if your strike is 23k come May, what if it goes to 30k by then? Then you’ve lost a decent amount compared to if you had just held. I feel like we’re in that bullish phase now where it’s very hard to choose a strike high enough to not miss out! I’m a little scared of the miners since they don’t track Bitcoin’s price close enough. However, I’ve been selling puts on BITO (bitcoin futures). It follows the bitcoin price very well. I feel like selling puts is safer if you’re feeling bullish (and already in the market).
You can add BITO to your portfolio at least
If it can just stay there for another 2 1/2 hours, what an opportunity to buy more GBTC or BITO
Time to YOLO in has passed for a moment. Just a small DCA for now. My bags are packed and exit plan set. I loaded up at $16.8k BTC and still holding ETH I mined with an average basis near $700. Bought a fat stack of ALGO at $0.08. Put 50% of my ROTH into FBTC at $39 and BITO at $19. 30% shares of COIN at $130.
I’ll be switching back to 100% ETFs later on for the most part, but at the moment I am 70% in BITX, 20% in BITO, 5% in MSTR, and 5% in various BTC miners. BITX is double leverage Bitcoin futures, so whenever the ETFs pop up, BITX pops up twice as much. As for BITO, they give some solid dividends every month. Lastly MSTR is a safe bet as the company holds a lot of BTC, and various Bitcoin miners as a gamble. I don’t see BITX as risky because if it’s double leverage and I know for a fact the price of Bitcoin will go up, might as well just hold that thing indefinitely and capture double the gains.
BITX is 2x leveraged Bitcoin ETF Or could buy BITO options
Options on BITO is the most leverage you can humanly get.
Appreciate the conversation. Just out of curiousity, why BITO? Are you only picking it for leaps or holding long term? I’m vaguely familiar with options, but from what little knowledge I have - leaps seem like generally decent plays
You can sell out of the money puts against BITO or BITX. I like puts that go 3 weeks out, for example right now BITX is $53.27. I cam sell a march 28 $50 put for $5. So I make 10% on my put if BITX is under $50 on 3-28. Ssy BITX is $48 on 3-28, then you'll get your shares of BITX and you'll spend $50 per share. Then you can sell a call, I'd like $50 call 3 weeks out. BITO pays monster dividends when btc is rising. It's easy!
We gotta onboard you somehow. You can buy the BTC ETFs at Fidelity now, so that's an instrument that tracks BTC price, trades like a stock, fits in an IRA, <cannot> be redeemed for Bitcoin, but is easy to convert to dollars. Everyone here HATES this option. It is not "Bitcoin." It's a promise not much better than a banknote, and that's what Bitcoin fights. Or you buy it through one of the exchanges mentioned. After you buy it, you can send it to "self custody." Figuring out how to do that is a somewhat complicated task, but worth doing for you to understand <what> Bitcoin really is. But it ain't as easy as buying BITO at Fidelity, so fewer learn.
If ETF inflows continue, BTC will rise dramatically after the halving. Currently inflows are causing funds to purchase BTC at a rate greater than what is being mined NOW! It really seems too good to be true, we all have the ability to buy something that will likely continue upward for a while. There are so many ways to get involved, GBTC, BITO actual bitcoin and a hundred other ways. I hope we all get rich buying pre-halving!
Most do but some like BITO buy futures
Don't forget the BITO calls, leaps especially
>So, stick with BITO or sell & move to IBIT ? Open to all advice & evidence. Perhaps ask in r/ETFs instead.
You should not do that, you should put it all into September BITO calls
My stocks i bought last year are through the roof. Here are my holdings: COIN MARA HIVE BITW BITO
It's already traded under the ticker BITO.
Just be careful. Contango effect on BITO is high. It doesn't go up 1:1.
Didn’t need it. Easiest 150% gain in two hours ever. Slammed it right back into BITO calls.
Just got paid bought 10 contracts for BITO ( BTC ETF) with a January 2026 strike at 30 for 8.50 each .. total cost 8500.30
Vanguard is not allowing BTC ETFs (best place to invest and hold) and you would need to invest in btc proxies….like Mara, mstr, etc. I have both Fidelity and Vanguard and used to be able to do BITO in VG, but pretty sure they stopped allowing purchases. Fidelity allows for all of them….way more flexible imo. I would switch to Fidelity if you want that option to invest in the btc ETFs. If not, probably Mara and Mstr……just know that they have pretty high short interest and are likely more volatile than the ETFs.
Ill happily give up 13% for 5k on every dollar over 30 for BITO if btc goes to 120k, bito will be 60, that would give about 460k off about 12k cost basis. Better than 13%...
Problem with BITO calls is they're shedding huge monthly dividends
Im a degenerate. Fully loaded on BITO calls and BITX shares for this cycle. Ill slowly sell on the way up starting at 98k and probably sell half of it by 250k if it hits that... if it goes to 500k ill sell everything and look at technicals for a repurchase point. I could absolutely risk missing out on gains but id rather lock in 10s of millions if it gets to that.
BITO calls have been printing for months. Today would have been a good day to grab some.
Im full send in BITO calls and BITX shares
2017: Bought hard at 3-6k, sold at 19k when my parents started talking about it 2021: Bought hard at 8-12, sold at 58 2022: Saw it was back at 19k and started scaling back in... Now im sitting on about 50x$30 BITO calls expiring between 3/15 and june 2025, and another \~80-120k (dependign on the hour) shares of BITX (2x leveraged bitcoin etf). I had another 20k moving between accounts but wasnt available today to BTD :(. We'll see another large drawdown soon as we continue on the way up but i'm still continuing to buy in while im sitting on multipliers...
I’m right there with you…..bought shit ton of BITO calls all day!
Most of the “almosts” work against me. I sold 4 Crwd options with 3/8 exp right before the close and was not accepted immediately so I canceled it. Up quite nice in AH. Bought 50 BITO options as well. We should both be good!
I’m buying a bunch ( only like 10k worth) of BITO calls (bitcoin ETF with options) at a strike of 35 for June 2025
BITO has options. What’s wrong with that?
Oof wish I wokeup earlier so I could've sold my BITO calls, suppose I can buy more BTC now but my calls are probably doing terrible now 😅
you could play things that work with BTC like Coinbase and BITO on traditional markets. 100% in BTC price rise from 30-60 gave me 1000% gains in Coinbase options
There is when you buy BITO calls lmao guess I'm getting wrecked tomorrow
You can buy call options on BITO which is a ETF and then the growth return would be faster than the Bitcoin itself. Then use the proceeds to buy a whole BTC.
1) You don't own coins in am ETF. It's a piece of paper that conveys ownership in shares of the fund's assets. You can't cash out in crypto. 2) Distributions are in fiat, and added to your account core position. If you have DRIP setup, it buys more of the asset. 3) BITO has been hovering around 13-14% yield. Shop around, read the prospectus.
Nice dude, yep these are def no trainers with the halving coming up, but I am a little disappointed with BITOs performance. BTC is less than 10% away from ATH while BITO is only at $30 vs a $45 ATH. I expected to be up more by now but hey a win is a win and there is more to come 🤞🏾
I have options on BITO and I'm up 450% on leap Jan 25 and up 101% on leap Jan 26 2026.... Folks no brainer...option 35 strike......
I also think in 2025 BTC hits 500,000.. you can indirectly play it by buying ETF calls BITO with a 35 strike June 20 2025 expiration for 4.50 to 5.00 (or 450 to 500 per contract) at even at 200,000 BTC will be about per share (90.00) with a net of 65 or 6500 per contract or a 13X on your money
None of these funds are buying bitcoin with their cash inflows. They're completely irrelevant to the original topic of this post. "BITO invests in bitcoin futures and does not invest in bitcoin. There is no guarantee the fund will closely track bitcoin returns." MAXI: "The fund does not invest in bitcoin directly; it invests in bitcoin futures." BTF: "The Fund will not directly invest in bitcoin. Under normal circumstances, the Fund will seek to purchase a number of bitcoin futures contracts"
I’m out of Reddit jail had a 7 day suspension BITO I’m buying the June 2025 with a 35 strike
I want my $500 in BITO calls back, who do I call? Manger?? Mods Modddddds.
Im playing BITO. That's enough leverage for me.
Do you buy ETFs as well? I am looking at BITO, IBIT and BITB?
If you're feeling fomo and worried it may not dip soon, you could get some leveraged exposure with BITO calls.. recommend expiry pretty far out tho to allow time to work for you.
Doubtful you missed out completely. But buying some calls on BITO may not be a bad idea to get some leveraged exposure.
You can buy puts on a bitcoin-aligned asset in the US, though, like BITO or a mining company
Look up BITO, there are others as well.
I have leap options on BITO that I started purchasing in July-Nov, and they expire in June 2025. They are up 250%, but BITO is lagging BTC.
BITO has options. Not sure if any others do.
I'm not sure what options (I mean action options trading here) are available. I'm heavy on BITO June 2025 calls (the month isn't significant was just the furthest ahead I could buy at the time). I'd guess BITO option or maybe another quasi etf before btc etfs were btc etfs might have options? Aside from that you're rolling hard with exchanges offering wild leverage, and if it tanks before it moons you risk a margin call. Curious what others say. There are futures, my broker has been a bit pricky letting those fly recently though.
Double gains with BITX - trade but don’t hold it. …. Also look at BITO 1/25 and 1/26 calls $30 - lottery tickets but possible