Reddit Posts
BlackRock’s IBIT Hits $2B Inflows, Google Greenlights ETF Ads
Coinbase is the custodian of nearly ALL Bitcoin ETFs. Coinbase insurance covers a loss of $320mm, while Coinbase already holds over 2 BILLION in Bitcoin. 💣
Spot bitcoin ETFs face headwinds with negative flows. BlackRock’s IBIT and Fidelity’s FBTC shine amidst challenges.
Introducing iBall from $IBIT | Progressive Blockchain Lottery With $USDT Prizes | $2 per ticket | iBiT BSC
Does GBTC and IBIT in Roth IRA count towards your total Bitcoin holdings?
Is it possible to see somewhere the amount of BTC that the ETF's hold?
Real-world timeline for a cash-out from GBTC to purchasing IBIT
Black Rock increased its Bitcoin holding to 25,067.06 BTC.
Interpreting Bitcoin ETF Trends: What Does It Mean for BTC's Price?
📊 Bitcoin ETF Update: Surges, Shifts, and What They Mean - A SmashFi Insight
BlackRock on pace to become largest bitcoin holder in the world. With nearly ~ 11,500 bitcoin in a bitcoin-focused offering (IShares Bitcoin Trust ETF: IBIT), the world’s largest asset manager has quickly accumulated $500 million of crypto. GLTA!!!
Net Inflows Recorded for Bitcoin Spot ETFs in First Two Trading Days
Concern over the mechanics of ETFs and potential impact on market
trading212 restricted from buyin $IBIT. Help a UK stacker
Amid a red day, here is some positive data after day 1 trading of BTC ETFs
iShares Bitcoin Trust (IBIT) | Spot Bitcoin ETF | BlackRock.
Bitcoin ETFs with expense ratios and AUM.
New Numbers from IBIT (Blackrock Bitcoin ETF are Here) they have now 2,620 BTC not 227 anymore
Bitcoin ETF Records $4.6 Billion in Trading Volume on First Day but Bitcoin Price Stays Static at $46,000. Here's Why.
Why didn't the price move today? Answers inside.
Blackrock does not seem to be insuring its BTC ETF against possible hacking and loss
Blackrock does not seem to be insuring its BTC ETF against possible hacking and loss
The Timing of the SEC Twitter Getting Hacked Unfortunately Hurt Retail Investors
Whats the benefit of holding a BTC spot ETF vs a Futures ETF?
Can one BTC ETF outperform another or no since they are all benchmarked against BTC?
BlackRock's Bitcoin ETF (NASDAQ ticker: IBIT) is already trading up +23.35% pre-market. I believe BTC will trade between $50,000 to $57,000 over the next 24 hours!!! FOMO!!! GLTA!!!
Media Predicting Bitcoin ETF Flows of $4BN and $IBIT ETF Premarket is already up 25% ! Dont Fade
Unveiling the Future: Blackrocks ETF $IBIT Emerges as a Pioneer in Cryptocurrency Investment
All 11 bitcoin ETF tickers, for tomorrow. GLTA!!!
Are you guys buying bitcoin ETFs?
BlackRock’s Bitcoin ETF (IBIT) Clears Final SEC Hurdle
Just Launched on BSC $IBIT | ETF META is here | Moonshot Potential | 7k MC
$IBIT Launching This Week On BNB | Blackrock ETF Ticker Starting A New Meta | 100x Moonshot Potential
What will be the best bitcoin ETF if all of the approvals go through?
BlackRock's Bitcoin ETF Gets Ticker IBIT, Amends Application
Mentions
Seems they made a first test with 1030 shares IBIT $40.47 per share. Very small, but very bullish longterm.
No offense tell them to buy IBIT and call it a day
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
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
>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.
There’s $15 billion in IBIT. $36 million in outflows represents 0.24% of their total.
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.
just bought a bit more IBIT
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
Why hads IBIT had exactly 0.0 net inflows for 4 days in a row?
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
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)
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.
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.
Just buy an ETF like IBIT and then you don’t have to deal with storage.
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.
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...
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
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
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.
? Schwab let's me borrow up to 50% the value of my IBIT holdings.
Update: Thursday was a zero day for IBIT too..
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
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.
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!
Two days in a row of 0 flows, in or out, for IBIT? I don't believe that, something's broken.
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
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.
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.
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..
Do you know the volume for IBIT yesterday, Yahoo Finance was show 0 there too.
24.04. ETF Flow IBIT: $0 GBTC: $-130 Mil. Ouch
IBIT inflow $0. Streak over. 😬
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?
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.
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.
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
To be fair, IBIT has had steady inflows. It’s the other ETFs that have had outflows.
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
I appreciate you! I’ll look into VT/QQQ/IBIT :) Fairly ignorant as far as investing goes outside of BTC
I appreciate you! I’ll look into VT/QQQ/IBIT :)
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.
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.
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
Or, they could just buy all btc supply and hodl. $IBIT anyone?
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)
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.
Sooo I have IBIT and GBTC are those sats? If not, how do I acquire sats?
Wait, are you saying you bought IBIT and then tried to withdraw it?
Ohhhh ok I have IBIT and GBTC already. I just had a slow moment lol
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
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.
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.
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.
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.
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
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!
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
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 🤣
Robinhood gives you a 3% match on all Roth contributions. It’s literal free money. I invest in IBIT.
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.
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.
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.
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.
I have some HODL. My IBIT has increased more though
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
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.
Just curious, why FBTC over the other BTC ETF’s like BITB or IBIT?
My Roth IRA only allows for 3k more for tax year 2024. This dip is putting my DCA into IBIT willpower to the test.
Speaking of Bitcoin commercials, I've started seeing IBIT commercials on twitch.
Also, futures usually cause a dip so IBIT can buy at a discount.
I’m buying so much IBIT at 9:30EST tomorrow.
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)
Is there any reason to choose say IBIT over FBTC? Or whatever ETF.
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.
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)
I think IBIT will establish itself as the dominant ETF and FBTC will fall further behind.
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?
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.
Just curious how are you getting the latest IBIT daily in-flow figures before it appears on [Farside](https://farside.co.uk/?p=997)?
IBIT +$111M, Uncle Larry doesn’t play around FBTC $0, surprisingly bcuz they got no fees till Aug
Im throwing $150 every week into IBIT. in my Roth account. Dont really have a good reason just more of taking a chance and seeing how it pans out.
I agree. I only have a ledger and move it over and leave it in cold storage but once IBIT was launched it was a no brainer for me. Institutions are not trying to self custody. If you don’t have Coinbase level security then don’t be a victim
I’ve switched completely to IBIT ETF. I’ll never have to worry about a hack, it’s FDIC insured now. I can buy it in my ROTH for tax free gains. Trading fees on CEX is too high too
I have 30 IBIT shares in my Roth at moment too
I have 30 IBIT shares in my ROTH account at moment. Should I get more?
For all investments in IBIT Blackrock has to buy actual BTC against it and keep it (with Coinbase as their custodian). Investors invest cash and exit with cash, but actual BTC transactions need to be made by Blackrock.
ETF net inflows $91.3mil IBIT inflows $192.1mil Grayscale outflows $124.9mil
Coinbase was on wrong side once before and lost. ..and if IBIT shareholders don't like what's going on they can sell their shares.
I actually started IBIT today. Decent maintenance fee, but no divideds. Blackrock seemed like the better choice so went ahead and grabbed 29 shares with a DAC of 100$ weekly to see where it stands. The thing with ETF on BTC is grab them NOW or last week before they spike. I like IBIT because it follows BTC chart cha ges almost to a t
It sounds like you're misunderstanding something here. >But those aren’t etfs. If by "those" you mean Coinbase and Gemini, you are correct. But when you buy IBIT, for example, BlackRock does not have the private keys. Coinbase does. So you are adding an extra layer of trust. With FBTC you are trusting Fidelity. With IBIT you are trusting BlackRock AND Coinbase. >ETF is not a coin Correct.
The _spot_ Bitcoin ETFs are quite similar for the most part. A few worth calling out: Ticker|Notes -:-|:-- EZBC|Cheapest (Fees, not unit price. Unit price is irrelevant.) IBIT|Largest (Not sure why you would care about size past a certain threshold, but that's their selling point) FBTC|Custodies the bitcoin for you, no third party involvement GBTC|Very expensive. BITX|2X Leveraged. Don't do this unless you understand what you are doing. It doesn't just mean "it goes up twice as fast". Decay will eat you alive.
Do you currently have a retirement account, IRA, 401k, etc.? If Yes - Do you currently have funds in there, and you aren't yet of retirement age? If Yes - Allocate/rebalance to include FBTC ..or IBIT or one of the others. FBTC is my personal choice for a few reasons which I won't get into If you do not have a retirement account OR have cash available on hand that isn't being used (safety net/emergency fund, food, rent, bills, financial obligations) If yes- Buy Bitcoin Directly, own the asset.
Don’t listen to the other clown who said to buy mstr. Buy IBIT or FBTC. They are the biggest btc etf in the market with competitive rates
You're right on the second point, holding it during a bear market is not going to work out well, I admit. But if you had held BITX since its launch almost year ago, you would be up nearly double what you would have compared to regular Bitcoin..This is a FACT, not an opinion..Fully supported in the charts..Same with comparing it to IBIT since the ETF launch..Your percent gains would be 2X.. Bottom line BITX has been a better hold so far this year and will continue to be as long as the bull market continues like predicted. But yes, holding for long-term is not going to work out.
I can see how this would not be beneficial during a bear market. But bottom line..If you had been holding BITX since it launched almost a year ago..You would be up nearly double what you would have if you held regular Bitcoin..This is not an opinion...But an obvious fact that is proven in the chart itself.. Compare it to IBIT since the ETF launch, and you will see the same thing. 2X the percent gain. Again, this is a FACT, not an opinion. I retract what I said about holding it long term, but during this bull market, so far, this would've been a better investment decision..so far
Yeah I realize long term is def not a good idea. Bottom line though, if you had held BITX over IBIT since the launch of the ETFs..You would be up double now.