Which etf will best track bitcoin?

Last I heard you were 100% BITO. Is that a dividend or a distribution?

 

yes.

 

LOL You don't know do you?

 

Oh I'll never sell bito because of how low it goes.

 

I imagine you'll sell it when they cut the dividend.

 

They haven't yet...it'll fluctuate but I'm still making capital gains.

 

"The Trust is not actively managed and will not have any formal strategy relating to the development of the Bitcoin network."

This is under risk factors...its actually a good thing. I don't want them to do anything...just hodl coins!


So not regulated?

"The Trust is not an investment company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and the Sponsor is not
registered with the Securities and Exchange Commission (“SEC”) as an investment adviser and is not subject to regulation by the SEC as such in
connection with its activities with respect to the Trust. The Trust is not a commodity pool for purposes of the Commodity Exchange Act of 1936, as
amended (the “Commodity Exchange Act” or “CEA”), and the Sponsor is not subject to regulation by the Commodity Futures Trading Commission (the
“CFTC”) as a commodity pool operator or a commodity trading advisor with respect to the Trust."


What's all this jargon about?

"The Trust will create Shares by receiving bitcoin from a third party that is not the Authorized Participant and the Trust—not the Authorized Participant—is
responsible for selecting the third party to deliver the bitcoin. Further, the third party will not be acting as an agent of the Authorized Participant with respect
to the delivery of the bitcoin to the Trust or acting at the direction of the Authorized Participant with respect to the delivery of the bitcoin to the Trust. The
Trust will redeem Shares by delivering bitcoin to a third party that is not the Authorized Participant and the Trust—not the Authorized Participant—is
responsible for selecting the third party to receive the bitcoin. Further, the third party will not be acting as an agent of the Authorized Participant with
respect to the receipt of the bitcoin from the Trust or acting at the direction of the Authorized Participant with respect to the receipt of the bitcoin from the
Trust. The third party will be unaffiliated with the Trust and the Sponsor."



https://www.ishares.com/us/library/stream-document?stream=reg&product=IUS-IBIT-J&shareClass=NA&documentId=2212465~2224307~2275834~2249884&iframeUrlOverride=/us/literature/prospectus/p-ishares-bitcoin-trust-12-31.pdf

 

smart people have a credit card that is covered by coins. You can have your money right away

 

Then you would have to keep the coins on an exchange...I'd rather have them in an ETF..

 

Crypto doesn't require an exchange. Just a wallet and a counterparty. Peer to peer, atm, ... no waiting 5 to 7 days