For all you alt-coiners... New Bitcoin Strategy Fund

[Scataphagos]

New mutual fund to check out...

 

[Trader Curt]

I don't get it. What would be the advantages of investing in this besides the fact you don't have to worry about possessing any Bitcoin? I even think the profits would be less since there is probably a commission for buying and selling.

 

[R1234]

Very nice. Wonder if its frequent tradable.

 

[johnarb]

https://www.cnbc.com/2021/07/24/how-to-invest-bitcoin-in-iras-for-retirement.html

https://bitcoinira.com/

 

[ph1l]

I don't get it. What would be the advantages of investing in this besides the fact you don't have to worry about possessing any Bitcoin? I even think the profits would be less since there is probably a commission for buying and selling.

https://www.profunds.com/prospectus/prospectus.html?ticker=bitcoin_strategy

With that expense ratio, it might be good for short-term speculation but not for holding a long time.

 

[Overnight]

Prediction...

The fund will blow up spectacularly in the same fashion as James Cordier, since they are speccing in BTC futures. Bad juju.

 

[xandman]

1.15% Fee and "Strategy" in the name. Are they doing leveraged exposures or simply maintaining a 1:1 exposure? If 1:1, why would I pay 1.15% for a bad version of a Foreign Money Market fund?

Smells fishy.