Is there any reason to even hold bitcoin at this point if you can now load up on IBIT or one of the new spot etf's? There is the expense ratio, so if its 0.15% and you invest 100k, you will be paying $1500 per year to hold the position? Would you load up on one or blend all or some of the etf's? IBIT has the best name so it will probably continue to be the most popular. I might do 75% IBIT, 25% BITB...or maybe some HODL too just for the name. Symbol ETF Name IBIT iShares Bitcoin Trust ETF GBTC Grayscale Bitcoin Trust FBTC Fidelity Wise Origin Bitcoin Fund ARKB ARK21Shares Bitcoin ETF BITB Bitwise Bitcoin ETF Trust BTC Grayscale Bitcoin Mini Trust (BTC) BITO ProShares Bitcoin ETF BITX 2x Bitcoin Strategy ETF ARKW ARKNext Generation Internet ETF HODL VanEck Bitcoin ETF BRRR Coinshares Valkyrie Bitcoin Fund BTCO Invesco Galaxy Bitcoin ETF EZBC Franklin Bitcoin ETF BITU ProShares Ultra Bitcoin ETF BTCW WisdomTree Bitcoin Fund BITQ Bitwise Crypto Industry Innovators ETF WGMI Valkyrie Bitcoin Miners ETF BITI ProShares Short Bitcoin ETF STCE Schwab Crypto Thematic ETF BTF Valkyrie Bitcoin and Ether Strategy ETF SPBC Simplify US Equity PLUS GBTC ETF SBIT ProShares UltraShort Bitcoin ETF BITS Global X Blockchain & Bitcoin Strategy ETF ARKA ARK21Shares Active Bitcoin Futures Strategy ETF BITC Bitwise Bitcoin Strategy Optimum Roll ETF DEFI Hashdex Bitcoin ETF BETH ProShares Bitcoin & Ether Market Cap Weight ETF BTOP Bitwise Bitcoin and Ether Equal Weight Strategy ETF SATO Invesco Alerian Galaxy Crypto Economy ETF BETE ProShares Bitcoin & Ether Equal Weight ETF BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF BITW Bitwise 10 Crypto Index Fund
Well technically an etf is more transferable because I can sell and have access to my money immediately. With bitcoin you would have to move to an exchange, sell it, move it to your bank, wait 3-7 business days. If the new spot etf's track bitcoin close to 1:1 then there isn't really any benefit to owning btc as far as I can tell.
Yes but that doesn't help when I have to wait 5-7 business days to move the funds from the exchange to my bank.
Yes, at least in the case of Grayscale Bitcoin ETF, you don't get to participate in any forks. For example, when Bitcoin split up in to Bitcoin and Bitcoin cash, if you hold Bitcoin you also receive your share of Bitcoin cash, but if you hold the ETF you get nothing.
True, but I typically one of the splits will be favored and the other will drop out...like bitcoin cash did....but you don't want to move one to the other because you aren't sure which one will take But good point...also don't have to deal with the hassle of a split. I double spent some bch or bsv after the split, so I lost like 1/2 of my stash (5k) trying to do it manually with gemini or something...so went googling and I wasn't the only one, there was a group online that was being recommended that would trace it back to the block chain. You just had to send the txid and your wallet id etc. I wasn't expecting much but they were true to their word, and the coin was returned to my wallet the next day minus the 10% fee. They were like a modern day robin hood. This is basically what I was thinking as far as the difference. https://www.investopedia.com/pros-and-cons-of-crypto-etfs-8362499#:~:text=Direct Investment in Cryptocurrency,higher fees and less control.
Not sure you are following what I am saying. I am saying that if you own 1 Bitcoin, when it forked you automatically got 1 Bitcoin cash which was worth $240 at the time. Obviously you can either hold it or sell it, but it was worth $240 at the time of the fork. If you owned 1 share of Grayscale Bitcoin ETF, you didn't get 1 Bitcoin cash at the time of the fork. So you are $240 worse off.
Yes I get what you are saying, but one of the forks if bitcoin forks will likely go to zero, so you aren't really going to gain anything because you don't know which one will take, so you aren't going to sell either for risk of hitching to the wrong wagon...this is why they double your holdings to protect you, not enrich you.
All Cryptos can really move at times. Holding a Crypto ETF while the NYSE is closed but Bitcoin open, is the problem. Almost makes it a Day trade only situation imo. Unless you're "one of those" who never cut Losses