IBIT

Financial_Design_801

$6 trillion US Fintech/Asset Manager Envestnet has $55m in Bitcoin  ETF holdings: FBTC: $37.5m, ARKB: $3.6m, IBIT: $2.7m, GBTC $9.5m, BITB: $1.7m https://www.sec.gov/Archives/edgar/data/1407543/000121465924008856/xslForm13F_X02/infotable.xml

ZealousidealLie9249

Buy IBIT. Got it!

Charming_Jury_8688

ETFs will have options available later this year. I would try to DCA into IBIT over the summer and wherever you think the top is, just sell covered calls. If your shares are sold, turn around and do a cash secured put where you think the bottom is. You can layer like this: First covered call at 80k Second covered call at 100k And so on... But i would always keep 100 shares forever. With 50k, you can buy about 500 shares of IBIT. I know this runs counter the ethos of self-custody but you can easily generate yeild because of bitcoin's volatility. Im describing the wheel strategy and i think this is going to great if BTC plateaus or slowly grinds upwards in the coming years.

harvested

Furthermore, IBIT is #2 out of all ETFs for inflows this year. Second only to VOO. So your inflation is irrelevant.

ElDiabloRamon

Personally i am investing in both raw bitcoin, and also fidelity and blackrock ETF shares. The reason is, i would rather spend money from the ETF, than from my pile of actual bitcoin. Right now i am primarly focusing on building up my bitcoin stack. But once its gone off the market, (6 months my guess) i will be buying up more shares of IBIT.

Soft-Sun9328

Massmutual bought various US issued bitcoin ETF-s: IBIT, FBTC, etc. This Bloomberg article is a May 2024 article.

Financial_Design_801

America's largest bank JPMorgan Chase discloses spot Bitcoin ETF holdings in new SEC filing Not sure of values but I see IBIT, FBTC, BITB Actions always speak louder https://twitter.com/bitcoinmagazine/status/1789020004131737624?s=46&t=ihVglVXC0BQSbw6j57EoaA

JollyJury

How were the US Bitcoin ETFs mediocre thus far? IBIT has smashed records for fastest growing ETF in history, and the others have performed above expectations. And while there are a lot of wealthy Chinese who park their money abroad, there are many more who are content growing their wealth domestically, who are not looking at Bitcoin as a means to transfer their money out of the country. I see them as prime candidates for the ETFs.

Financial_Design_801

🇺🇸 $3 billion asset managers Rubric Capital Management ($60m) and Symmetry Investments ($53m) are now the two biggest IBIT holders, per SEC filings today https://twitter.com/julian__fahrer/status/1788970756711555565?s=46&t=ihVglVXC0BQSbw6j57EoaA

Blades_61

I'm doing something similar but chose IBIT as my bitcoin ETF. same MER as FBTC. Good choice I think its a v good investment

Financial_Design_801

CTC Alternative Strategies (Chicago) discloses holding $27.7 million of the BlackRock Bitcoin ETF (685,364 shares) as of March 31. This is the second-largest position in the entire portfolio. This makes CTC the second-largest reported holder of IBIT to date globally. https://twitter.com/macroscope17/status/1788662762316427487?s=46&t=ihVglVXC0BQSbw6j57EoaA

ShetlandChulp

I mean Blackrock IBIT is above 15 billion & GBTC is above 20 billion so clearly there’s capital coming from somewhere

USN9580

To trade it without all the drama and fees. I bought a bunch of IBIT when it crashed to 57K and sold it at 63ish. Traded it just like I would a quick swing trade with stocks.

PixelatumGenitallus

That "pool" you mentioned would be Coinbase in the case of Blackrock IBIT ETF.

Financial_Design_801

168 asset managers have already filed 13-Fs showing holdings of IBIT with 2 of the largest being based in Hong Kong https://twitter.com/hodl15capital/status/1787990111549870130?s=46&t=ihVglVXC0BQSbw6j57EoaA

Financial_Design_801

Hong Kong Bitcoin ETF whales surface in SEC filings: Monolith Management and IvyRock Asset Management are now top 5 IBIT holders, with $22m and $16.5M respectively https://twitter.com/julian__fahrer/status/1787846062889459950?s=46&t=ihVglVXC0BQSbw6j57EoaA

someoneSomewhere2973

IBIT May 1: -37m Since: +34m FBTC May 1: -191m Since: +202m ARKB May 1: -98m Since: +117m

ApprehensiveSleep398

You can buy IBIT, this product is for those people.

listmann

IBIT has great dividens right now and I have thought of doing the same thing. My bigest reasome is easier taxes and I can put everything in my trust. If we get to a point where the bitcoin and etherium ETFs along with coinbase and blackrock goes bust then BTC and ETH will probably be worthles (I know people are going to bust my balls on that statement) I get the "not your keys not your coins" statement and mentality but let's face it, when those people die how good is there plan for passing on those coins or having something in place to pass them on before they die. If i could move all my crypto right now into my brokerage account without the tax hassle I would do it in a heartbeat. Here's some info on ETH etfs https://www.usatoday.com/money/blueprint/investing/best-ethereum-etfs/

InfinityLife

Seems they made a first test with 1030 shares IBIT $40.47 per share. Very small, but very bullish longterm.

sentinel-of-the-st

No offense tell them to buy IBIT and call it a day

Financial_Design_801

Hong Kong fund Yong Rong is the biggest bitcoin ETF holder yet, per SEC filings today. They have $38m in Blackrock's IBIT. That's 10% of their US holdings, and double the next biggest holder. https://twitter.com/julian__fahrer/status/1786050882540535853?s=46&t=ihVglVXC0BQSbw6j57EoaA Update on Day 1 Hong Kong Bitcoin ETF Total Inflow: $+248 million ChinaAMC inflows $+124 million Harvest inflows $+63 million Bosera-Hashkey inflows $+61 million https://twitter.com/ericbalchunas/status/1786035915040674061?s=46&t=ihVglVXC0BQSbw6j57EoaA

Financial_Design_801

Hong Kong fund Yong Rong is the biggest bitcoin ETF holder yet, per SEC filings today. They have $38m in Blackrock's IBIT. That's 10% of their US holdings, and double the next biggest holder. https://twitter.com/julian__fahrer/status/1786050882540535853?s=46&t=ihVglVXC0BQSbw6j57EoaA Update on Day 1 Hong Kong Bitcoin ETF Total Inflow: $+248 million ChinaAMC inflows $+124 million Harvest inflows $+63 million Bosera-Hashkey inflows $+61 million https://twitter.com/ericbalchunas/status/1786035915040674061?s=46&t=ihVglVXC0BQSbw6j57EoaA

c0mbucha

>BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.

Normal-Jelly607

There’s $15 billion in IBIT. $36 million in outflows represents 0.24% of their total.

disparue

I just sold the IBIT I've been holding as a hedge. May be the wrong decision, but holding it since last week at least saved me from the dip.

Frequent_Finance3904

just bought a bit more IBIT

ElDiabloRamon

Already bout this dip multiple times! I hit my 1st phase goal today. Now starting phaze 2, buying Roth IRA IBIT and fidelity BTC shares. (I would rather spend from the ETFs, as it is not my REAL satoshis that i am never selling

L0DIDE

Why hads IBIT had exactly 0.0 net inflows for 4 days in a row?

Financial_Design_801

Think pump will commence once IBIT passes GBTC, about $1.4 billion difference left Also tracking the 🇭🇰 & 🇨🇦 ETFs here https://twitter.com/hodl15capital/status/1785132281050374537?s=46&t=ihVglVXC0BQSbw6j57EoaA 🇭🇰 spot market closes soon, while US open in about 6hrs… UK spot ETNs coming online this month & then spot markets for institutions will be open 24/7 https://twitter.com/bitcoinmagazine/status/1772300318535000299?s=46&t=ihVglVXC0BQSbw6j57EoaA

Financial_Design_801

Pump doesn’t start till Blackrocks IBIT passes Grayscales GBTC imo, $1.4 billion difference left As well as tracking HK & 🇨🇦 ETFs daily flows https://twitter.com/hodl15capital/status/1785132281050374537?s=46&t=ihVglVXC0BQSbw6j57EoaA https://www.hkex.com.hk/Market-Data/Securities-Prices/Exchange-Traded-Products/Exchange-Traded-Products-Quote?sc_lang=en (HK ETF live)

the_ats

I wish I would have waited to rebalance my IBIT into my BITX. Basic strategy is to shift it into the 2x BITX on the way down, and when I'm in the green, shift it to IBIT to lock in gains. I've got about 1 BTC in IBIT and presently about 1200 shares of BITX total and waiting to be in the green at $47.

GetBent1990

I agree with the above. 130k EOY. OR at least 85k. I am swamped in IBIT (almost 750 shares now). My RIOT and CORZ are still holding strong somehow. I got faith. I woke to a huge loss today, but hopefully, EOY and price prediction for 2025 is accurate enough to cash out l.

ErinG2021

Just buy an ETF like IBIT and then you don’t have to deal with storage.

turpin23

Maybe the datafeed is broken? IBIT does *not* have zero volume, and I woukd guess these other ETFs don't either. Perhaps hedgers are keeping the price spread in a narrower range than the backing entities, despite the trading volume. But the sudden drop to zero on some rows and sudden deviation from zero on others looks more like intermittently broken data feeds than organic change.

VNJCinPA

I'm tossing you a like because some others down voted truthiness. And actually, IBIT was a bit deficient in BTC, so they did recently pop in $2B into it over the past month but all ETF's have sold out of their positions to an extent over the past 10 days or so. People read the headlines but don't read the articles to understand how ETF's work...

Financial_Design_801

GBTC drops below 300k bitcoin with 297k & Blackrocks IBIT will flip with 23k whole coins (274k) BlackRock and Fidelity now hold ~428k Bitcoin, while GBTC blew a 600k bitcoin lead because they love 💩coining & law suits Regardless, the real whales took their lunch and accumulated 2% of the total supply, in 76 trading sessions. https://twitter.com/hodl15capital/status/1784223301121777869?s=46&t=ihVglVXC0BQSbw6j57EoaA

Financial_Design_801

GBTC drops below 300k bitcoin with 297k & Blackrocks IBIT will flip with 23k whole coins (274k) BlackRock and Fidelity now hold 428,108 Bitcoin, while GBTC blew a 600k bitcoin lead because they love 💩coining & law suits Regardless, the real whales took their lunch and accumulated 2% of the total supply, in 76 trading sessions. https://twitter.com/hodl15capital/status/1784223301121777869?s=46&t=ihVglVXC0BQSbw6j57EoaA

sumcollegekid

For the LAST... fucking... time....... BlackRock IS NOT BUYING BITCOIN. Investors in the BlackRock IBIT ETF are buying Bitcoin. BlackRock literally owns ZERO Bitcoin. Z E R O BlackRock is just the casino collecting fees. JFC! Everyone wants to be a conspiracy theorist.

Sryzon

? Schwab let's me borrow up to 50% the value of my IBIT holdings.

analogOnly

Update: Thursday was a zero day for IBIT too..

Financial_Design_801

27 more 13F forms were filed by funds declaring ETF ownership, but a couple stood out. Oxler Private Wealth, and Newbridge Financial Services Group both went straight to the top of the IBIT holder standings (by portfolio allocation %) https://flows.heyapollo.com/p/april-25

Sharlach

that's fine and all, but anyone can buy or sell IBIT shares and they have a lot of customers. It's like rolling a d100 and getting the same number twice in a row, highly unlikely. Some are waiting, sure, but some people will still buy and some people will still sell on any given day and the odds of them landing around $0 two days in a row when they hold $15 billion in the fund already is very low.

ReZeliard

I'm 20% into Bitcoin as of a recent adjustment - average cost per coin in the 45k range (rather late to the party). Most of my money is in VTI & QQQM. I've been happy with their performance, though obviously they did much worse than Bitcoin. I believe in Bitcoin, but I can't go all in. If Bitcoin fails and I lose 20% of my savings, it will be a black eye and a big fail on my part, but my life into retirement will look fairly similar to what it is now. If I go all in and if for some crazy reason none of us are thinking about yet, Bitcoin fails - I'd be devastated. My Roth and my wife's Roth are 100% Bitcoin. Now in the likely scenario that the 20% stake in bitcoin outgrows the other investments, then by all means - we'll see the ratio of bitcoin to stocks adjust higher. In that scenario I will not sell off bitcoin to adjust my ratio back to 20% as I would with a particular hot stock. Every friend or family member that talks to me about Bitcoin, I tell to invest only what they feel comfortable investing. FOMO is powerful, and I do believe Bitcoin is a once in a generation opportunity - but I just can't put everything into it. What that means, is that I won't be as well off as others of you that have the conviction to go all in, but I'll be comfortable and happy. Currently holding 10 bitcoins worth of IBIT. I'm not as cool as you cold storage bros, but I still feel like I'm helping the cause!

Sharlach

Two days in a row of 0 flows, in or out, for IBIT? I don't believe that, something's broken.

Financial_Design_801

Out of all the 10,698 registered funds in the U.S. (incl ETFs, mutual funds, CEFs) IBIT currently ranks 2nd in YTD flows https://twitter.com/ericbalchunas/status/1783516422376681667?s=46&t=ihVglVXC0BQSbw6j57EoaA

Sharlach

I'm aware of how ETF's work, thank you. My point is that I find it odd that nobody bought or sold any IBIT shares from them after 72 days of consecutive inflows. Not even up or down 1 BTC? Exactly 0 flows? From Blackrock? I feel like they just forgot to report or something.

JerryLeeDog

Nope. Bitcoin as an asset is not insured unless you buy an ETF through an SIPC insured vehicle like IBIT etc. Every CEX or platform that holds Bitcoin on it does not have any obligation to even pay you back for lost or stolen BTC. They can completely stiff you and it's happened her many times.

analogOnly

no, if you look over the course of the past week and a little into the week prior IBIT has been buying less and less BTC daily. It's not just BlackRock, but all the others too..

analogOnly

Do you know the volume for IBIT yesterday, Yahoo Finance was show 0 there too.

dmx442

24.04. ETF Flow IBIT: $0 GBTC: $-130 Mil. Ouch

Hitachi22

IBIT inflow $0. Streak over. 😬

SpiritualRest

Separate question, does anybody have knowledge around which ETFs have the most backed-up holdings of BTC? IBIT says it's goal is to move with the price of BTC, but does it actually hold BTC dollar for dollar? When the supply is so thin, doesn't it seem problematic that they're not backing up every invested dollar in actual cold-storage BTC?

tj78492

I'd split it IBIT and FBTC

LiveUndLetLive

It was maddening waiting on my various banks to get my Roth and self-directed 401k setup. Then they cut off my wires for the rest of this month, at least to Schwab. One bank allowed 25k per day wire the other 10k per day. Both cut off wires for the rest of april as I used both for IBIT and FBTC. If I wanted on the hand to send you all of my BTC, all I need is your wallet (unless on a central exchange). I'm lucky everything has been sideways really. These aren't small banks either.

President_ErectJoeyB

Ok, I’ll give it a shot but I’m not an expert by any means. GBTC is the Grayscale Bitcoin fund that was the predecessor to the ETF approvals. Fees are way higher than the ETFs so people are selling off shares in GBTC and moving them into lower fee ETFs like FBTC, IBIT etc. They still hold several hundred thousand coins they have been offloading them for months and it’s been the counter effect to incoming ETF flow. My point was once the GBTC sell off is complete in addition to the halving, in theory the price should go up. The constant outflow of GBTC has been the counter effect to halving and huge inflows of ETF money.

Financial_Design_801

SPDR Gold ETF (GLD) took 800+ days since inception to achieve same AUM as iShares Bitcoin ETF (IBIT) has in just 70+ days… “No demand” https://twitter.com/nategeraci/status/1782845386119430489?s=46&t=ihVglVXC0BQSbw6j57EoaA

tnel77

To be fair, IBIT has had steady inflows. It’s the other ETFs that have had outflows.

Financial_Design_801

We have new high water mark for investment into one of the bitcoin ETFs: two dif advisors each put in $20m to $FBTC, one is from Kansas and the other Minnesota. The % of portfolio is also pretty high at 6% and 5% respectively. This edges out the $17m an advisor put in $IBIT https://twitter.com/ericbalchunas/status/1782740051929006496?s=46&t=ihVglVXC0BQSbw6j57EoaA

Interesting-Wonder-7

I appreciate you! I’ll look into VT/QQQ/IBIT :) Fairly ignorant as far as investing goes outside of BTC

Interesting-Wonder-7

I appreciate you! I’ll look into VT/QQQ/IBIT :)

hstarbird11

I don't recommend this unless you have a very secure safe. Gold and silver are easily stolen. Secure safes are not cheap. If you don't own your home or have a parents home to put a full size, fireproof safe, don't invest in precious metals. You're young enough that maxing out your IRA over the next 10-20 years (along with accumulating BTC) is going to serve you very well. Make it simple: buy VT. I also hold QQQ and IBIT, but really, between BTC in cold storage and VT over 20 years, you're going to be one of the few from your generation who is actual able to retire.

whodisguy32

Lol most people will shit on the idea until BTC hits 100k+, then they'll start asking if its time to buy in. Most people don't think and only listen to what mainstream peddles. Not that I blame them, they have their own busy (and probably) difficult life and the only free time they have they spend on entertainment that isn't educational in the slightest (for the things that matter anyway). One of my friends works at google and spews the Peter Schiff garbage about 'not having any value'. Another one of my friends is an executive at a car company who 'doesn't want to gamble', and yes, they both think the economy is on fire since unemployment is at its lowest. Which is fine, they will buy in at the price they deserve. And when they ask, I'll just say pick an amount to buy in weekly in IBIT.

Financial_Design_801

42 asset managers report holding IBIT (Blackrocks Bitcoin etf) 28 asset managers report FBTC (Fidelity’s etf) Every single asset manager on the list (& their Board of Directors) knew that their investment in Blackrock's Bitcoin ETF will be disclosed publicly & they invested anyway https://twitter.com/hodl15capital/status/1782541911401668805?s=46&t=ihVglVXC0BQSbw6j57EoaA https://twitter.com/hodl15capital/status/1782562357832536358?s=46&t=ihVglVXC0BQSbw6j57EoaA

tspheng2006

Or, they could just buy all btc supply and hodl. $IBIT anyone?

someoneSomewhere2973

5%+ positions is very cool. More filings for FBTC and IBIT: [https://13f.info/cusip/315948109/2024/1](https://13f.info/cusip/315948109/2024/1) [https://13f.info/cusip/46438F101/2024/1](https://13f.info/cusip/46438F101/2024/1)

Narrow-Surround-8416

I have a self directed ira. Not much of it is bitcoin ETFs now and I'm not selling any stocks to buy it. Moving forward after this year tho I will probably put most of new money in IBIT.

Ok_Rabbit_8808

Sooo I have IBIT and GBTC are those sats? If not, how do I acquire sats?

stho3

Wait, are you saying you bought IBIT and then tried to withdraw it?

Ok_Rabbit_8808

Ohhhh ok I have IBIT and GBTC already. I just had a slow moment lol

ElDiabloRamon

Bitcoin ETF ticker names: ……………….. BTC - Bitcoin AKRB - Ark invest 21shares Bitcoin ETF BITB - Bitwise Bitcoin Trust ETF FBTC - Fidelity Wise Origin Bitcoin ETF FDIG - Fidelity Crypto Industry Digital Payments ETF GBTC - Greyscale Bitcoin Trust ETF IBIT - Blackrock iShares Bitcoin Trust ETF HODL - Vaneck Bitcoin Trust ETF BTCW - WisdomTree Bitcoin Trust ETF EZBC - Franklin Bitcoin ETF BRRR - valkyre Bitcoin Trust ETF DEFI - Hashdex Bitcoin Futures ETF BTCO - InvestCo Galaxy Bitcoin ETF

Rude_Man_Who_Shushes

I hope life goes so well for me that I’ll never have to sell my bitcoin. Held for nearly 10 years. I will sell the shit out of my bitcoin related stocks and ETFs when the time comes and retire with generational wealth secured. Transferred half of my 401k in 2021 to GBTC and now sitting comfortably in IBIT, MSTR and various miners.

ScheduleOk4627

Right, nor would I expect my ira provider to sell my shares of IBIT because I made “too much gains” and it threw off my rebalance/ratio makeup. I don’t know where this rebalancing people are talking about is. What if it’s have share of teslas, NVDA, etc in a Roth IRA are they going to auto sell to keep it in the rebalance range? I think not. 

MineETH

Yeah, should have seen the red flags after what they did with Gamestop and Dogecoin investors back in 2021. Another issue is that I have time sensitive options, and they blocked all activity on my account. They claim to have a 24-7 "Contact-Us" but the contact options are blocked. Guess like if you use Robinhood, you're not allowed to self-custody. You can buy $100k worth of Bitcoin with IBIT but the moment you want to withdraw $5k through the network you get blocked. Thought the .35-.4% fee they charge would lead to less friction but guess I was wrong. Should just stay away from Robinhood for anything Crypto related.

Anonymouse-C0ward

I don’t use WeathSimple, but I don’t buy Bitcoin itself now, and instead opt for ETFs. I try to put the majority of my high growth investments in my TFSA for tax efficiency. I was lucky enough that my TFSA investments have done well over the years, so I have lots of room, and I basically converted the existing equities into Purpose Bitcoin ETFs when they came about, and now into IBIT. It’s Bitcoin backed ETF, not Bitcoin, but the fact is I live within the system and I’m not particularly worried about some of the things other people here are.

Financial_Design_801

IBIT now has about 60 holders reported but they only account for a tiny 0.4% of total shares out. Shows that most of the bites are nibbles but there are a LOT of fish -same dude via twitter

hstarbird11

The corporations that are buying up the bitcoins are mostly doing so for investors. Blackrock, Fidelity, and the like aren't just buying the bitcoins for themselves, they're creating ETFs with them such that (paper) BTC can be bought on the stock market. I own IBIT in my IRA. Blackrock bought that BTC and turned it into shares of an ETF that I can now hold in a tax privileged retirement account. Thus, I am the one who actually "owns" that BTC (this is highly simplified and paper BTC is NOT the same as holding your own coins/ keys in cold storage.) Other companies like Microstrategy don't necessarily have ETFs but are still publicly traded companies. Thus, people own the shares in the company and profit from MSTR's accumulation of BTC. No, I don't think BTC is going to fix the wealth gap. Nothing but a true revolution will do that, and people are too distracted by all the smoke and mirrors and screens to actually come together and do that (but please, by all means, I'd love to see humanity prove me wrong.) But as other people have said, that's not why it was created. Those of us who understand BTC and see what it means for saving and wealth preservation see it as a life raft. Buying BTC is planning for my future. It's the only real chance I have of retiring. Anyone who doesn't understand it can either choose to stay ignorant or learn about it and understand what absolute scarcity and hard money actually means. Have a wonderful day!

Financial_Design_801

Interesting 13F filing today. Quattro Financial Advisors, a Texas&Pitts-based wealth management firm, reported owning 468,200 shares of the BlackRock Bitcoin ETF with a value of almost $19 million as of March 31. The total value of all holdings reported in this filing is $351 million. IBIT is Quattro's third-largest position. https://twitter.com/macroscope17/status/1781053111110365411?s=46&t=ihVglVXC0BQSbw6j57EoaA

Financial_Design_801

IBIT (Blackrock Bitcoin etf) total net flows now at $15.3b which is second most of all 3000+ ETFs and $5b ahead of #3… But who wants Bitcoin they said 🤣

AutoX-R

Robinhood gives you a 3% match on all Roth contributions. It’s literal free money. I invest in IBIT.

coinfeeds-bot

tldr; Bitcoin ETFs, such as IBIT, offer a convenient way for investors to access bitcoin by investing directly in the cryptocurrency through shares of the ETF. This allows investors to gain exposure to bitcoin within a traditional brokerage account, alongside stocks and bonds, without the complexities of buying and storing bitcoin directly. Bitcoin operates on a decentralized network and is seen as a store of value, a hedge against inflation, and a bet on blockchain innovation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

josephkelley7926

No no, I only bought the IBIT and HODL in my work roth since I can't buy BTC directly from them. I still buy BTC on exchanges and then moves them into my cold storage. That's preferable, but IBIT has gone up now than HODL.

Nondscript_Usr

Because it’s trading at a 1.4x multiple like I mentioned and has the potential to increase that multiple in the short term based on speculation and the long term based on the massive value of the company’s future state. I’m saying the downside is it goes to a 1:1 btc value. So yeah if you buy today and it goes to a 1:1 value in the next month then you lose as compared to buying IBIT. But it’s still a nominal risk with the potential for a high reward. If someone bought it in 2023 as a way to gain btc exposure through a security because that’s all they wanted, then, sure, switch to IBIT. The share price of MSTR based on ONLY btc at $70k is still $1055. It’s estimated the non BTC portion of MSTR has a value of around $90 (ie their core business). So at 70k you’d imagine the share price would still be $1150~ at a 1:1 ratio. At the 1.4x multiple it’s $1600~ a share.

llccnn

The IBIT prospectus says Coinbase has a commercial crime insurance policy of only $320 million, for all Coinbase customers. Considering IBIT alone is $17 bn this is pathetically low. 

josephkelley7926

I have some HODL. My IBIT has increased more though

Financial_Design_801

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

hstarbird11

100% - never plan on going to 0. I also hold IBIT in my IRA which I won't be able to touch for a long time. Two of my special interests are lists and numbers and making lists of numbers (like all the expenses on a new property) is something I genuinely enjoy.

Synthol-Lord

Just curious, why FBTC over the other BTC ETF’s like BITB or IBIT?

Micksar

My Roth IRA only allows for 3k more for tax year 2024. This dip is putting my DCA into IBIT willpower to the test.

Void_Sloth

Speaking of Bitcoin commercials, I've started seeing IBIT commercials on twitch.

harvested

Also, futures usually cause a dip so IBIT can buy at a discount.

Micksar

I’m buying so much IBIT at 9:30EST tomorrow.

HeroicHeron

People tend to be drawn to the ETF that does the most volume (which is IBIT by far). In reality though, IBIT, FBTC, ARKB, Bitwise are all doing extremely well and you can't go wrong with either one. Just pick what's available and has a good fee. Maybe don't pick Wisdomtree's ETF because they are very far behind everyone else (but still doing good compared to the average non-Bitcoin ETF)

LiveUndLetLive

Is there any reason to choose say IBIT over FBTC? Or whatever ETF.

Walternotwalter

Here is the correct information. Each reward halving consolidates mining. It incentivicizes the RIOTs and MARAthons of the world to continue to invest in mining at the cost of smaller miners mainly because RIOT and MARA are multi-billion dollar market cap publicly traded companies. They mine the BTC for the OTC transactions of ETF inflows primarily into IBIT and FBTC and for exchanges like Coinbase, Kraken, and Strike. The smaller miners get squished due to less profitability via reward and as energy gets more expensive. The security of the market and hash rate does not change. The real increase is the time it takes to get an ROI on mining capex. BTC's value is not determined by that. Nor is its scarcity. Value is essentially based upon greater fool theory as is essentially all crypto right now, even if I am a believer in and user of Strike's network. The scarcity is predetermined at 21,000,000 BTC.

Financial_Design_801

Yes: BlackRock filed with the SEC for its Strategic Income Opportunities Portfolio & for its BlackRock Global Allocation Fund (together about $54 billion AUM) to hold their bitcoin etf too (IBIT) Bitcoin will be everywhere & most won’t even know… game theory 🚀 https://twitter.com/roubini18/status/1765922921392812516?s=46&t=ihVglVXC0BQSbw6j57EoaA (Global allocation fund of Blackrock puts bitcoin etfs into its portfolio)

HeroicHeron

I think IBIT will establish itself as the dominant ETF and FBTC will fall further behind.

recursive_lookup

I may be making a false assumption here, but I would have thought the money exiting GBTC would wind up in IBIT, FBTC, etc. resulting in an almost net zero loss/gain, but that doesn’t seem to be the case for much of it. Sure, some of it moved to the other ETFs, but big withdrawal days don’t seem to be going back into BTC. Any speculative thoughts on this?

EmpiricalRutabaga

Yeah, the fifteen billion dollars invested into BlackRock's IBIT ETF is all just us trading with each other. Same with ARKB, FBTC, and the other six new ETFs.

forkrissake

Just curious how are you getting the latest IBIT daily in-flow figures before it appears on [Farside](https://farside.co.uk/?p=997)?