So bito pays 1.61 per share per month???
So 1000 shares is $1600 per month?
https://stockanalysis.com/etf/bito/dividend/
So 1000 shares is $1600 per month?
https://stockanalysis.com/etf/bito/dividend/
Bito dividend
- Thread starter wxytrader
- Start date
I've been holding BITO for a while but swapped out of BITO into IBIT.
If you don't need the dividend then the total return is better with IBIT.
Dividend isn't very consistent either with BITO.
The dividend on BITO is based on the T-bills they own as well as capital gains distribution. BITO was originally a futures-based Bitcoin fund so it has slippage which explains the total return problem vs. IBIT, which owns Bitcoin directly.
I think in reality BITO actually owns swaps and not futures, however as I understand it swaps also suffer from slippage although different than futures (contango issues).
BITO is a very convoluted ETF, but as far as I know it is the only instrument that has liquid options. So its good for that. IBIT is a lot better for the buy and hold crowd.
I think in reality BITO actually owns swaps and not futures, however as I understand it swaps also suffer from slippage although different than futures (contango issues).
BITO is a very convoluted ETF, but as far as I know it is the only instrument that has liquid options. So its good for that. IBIT is a lot better for the buy and hold crowd.
Yes as I understand it BITO/BITI are futures so have backwardation and contago stuff which nobody understands...or swaps.
IBIT holds bitcoin so should track better.Been holding BITO and now BITX also own TSLY. Between these 3 you can earn thousands of dollars a year in dividends ....after a couple of years these 3 alone will have cost me nothing to own as the dividends will have paid for my original investments.
Are you kidding me on 100K????!!! I don't care what the CAGR is with those returns!
What's the catch?
100k in TSLY a year or so ago would now only be worth 30k...but you have received about $113,329.19K in dividends...is that the catch? Volatility?
I believe the are selling PMCC's.
https://finlo.io/dividend-calculator/TSLY
Daily
$310.49
Monthly
$9,444.1
Quarterly
$28,332.3
Yearly
$113,329.19
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Where are you getting your numbers from?
What I see is an overall loss.
I have the price on Sept 8 last year @28.10 and yesterdays close at 12.17
Dividends were in the area of 8.12
100000/28.10 = 3559 shares
3559 X 12.17 = $43313 Which is a loss of 56687
divvy is 8.12 X 3559 = $28899
Total Loss = 27788
I was using the on that calculator to get their dividend payout. But anyway devil is in the details.
Apparently the problem with these funds is the nav erosion. Basically you could almost mimic what they're doing by putting $100,000 into Tesla and then paying yourself 5% every month out of that equity and calling it yield. Eventually you will run out of equity to trade with if the stock doesn't out pace your yield distribution.
Inevitably you will face reverse split as price tumbles... I believe Tesly had one in February.
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I bought in early January and have received so far 8 dividend payouts . Only have 100 shares as I wanted to just see how these etfs played out.
So I collected so far a total of
$6.42 worth of dividends. I paid around $19.75 for shares which are currently at $12.40.
So if you figure in the dividends I'm at
13.33 so even thought it's down with all my dividend payouts I'm only down around a buck on the overall investment. I plan to hold it and see what happens over the next few yrs. I would buy into the other ones on any major dip. If the markets sell off more than 30% and these take a hit it could be a good long term investment..however I would not buy 100k worth unless you have a few million to spare. I only bought a small amount to just watch and see how it performs.