11 Bitcoin ETFs to trade from today

[Pekelo]

Why is it good?

Sometimes you need to save people from themselves...When the market drops 5% and the bitcoin ETFF drops 20% they will thank Vanguard.

By the way I never said it was good. I just posted a fact. You guys like to attribute to me all kind of shit.

Anyhow this blocking is business as usual for Vanguard:

"Not surprising since they also don’t allow buying leveraged or inverse ETFs, or OTC stocks. Basically they say if you want to be that stupid, go somewhere else."

 

[Frederick Foresight]

If you realise you cant keep up with the ruthless,trail blazing,risk hungry Blackrock,you shift the conversation slightly to where it appears youre not even trying to compete and you are instead the steadfast,slow but steady,rock of the industry.

Either that or maybe they think it's an expanding bag of shit waiting to explode.

 

[GlobalMacro90]

These new spot bitcoin ETS will track bitcoin perfectly, because they are now able to create and redeem shares.

Public service announcement: don’t just look at BITOs price and compare to bitcoins price. BITO actually has “dividends” if you wanna call it that (mostly from rolling the futures) so you need to look at total return.

that being said, the new spot etfs will track much much better.

 

[GlobalMacro90]

Sometimes you need to save people from themselves...When the market drops 5% and the bitcoin ETFF drops 20% they will thank Vanguard.

By the way I never said it was good. I just posted a fact. You guys like to attribute to me all kind of shit.

Anyhow this blocking is business as usual for Vanguard:

"Not surprising since they also don’t allow buying leveraged or inverse ETFs, or OTC stocks. Basically they say if you want to be that stupid, go somewhere else."

If you actually bought the best performing asset of the last 3,4,5,6,7,8,9,10 years (Bitcoin) you don’t feel very stupid let me tell ya.

 

[Pekelo]

What is your offtopic point?

If you actually bought the best performing asset of the last 3,4,5,6,7,8,9,10 years

If I bought BTC 2 years ago I am just breaking even. Did you buy NVDA or AMD last year?

Let's stick to the topic, which is Bitcoin ETFs. It is like the Super Bowl ads 2 years ago, by the time they come, the underlying is already old news...

 

[GlobalMacro90]

Maybe this will serve as a local top for bitcoin, who the hell knows. You certainly don’t know.

longer-term, this is enormous. Institutions, financial advisors, old people, etc can now buy bitcoin without that compliance, tax or technological hurdles. Huge change in long-term demand in my view.

 

[tomas262]

seems btc does not give a damn about ETF release ... chart says it all :-D

 

[GlobalMacro90]

seems btc does not give a damn about ETF release ... chart says it all :-D

more been 2 days lol

 

[schizo]

 

[Pekelo]

Interestingly, the YTD performance of NDX and BITO are exactly the same, 6%.

Furthermore, EZBC has the exact same performance than NDX since inception about a month ago, 5%.

So tell me again, what is the advantage of BTC ETFs?