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Started By
Message
re: SEC Approves Bitcoin Spot ETFs to List on Major Exchanges
Posted on 1/11/24 at 1:32 pm to Pezzo
Posted on 1/11/24 at 1:32 pm to Pezzo
quote:umm what? They will all buy and sell based upon their daily flows. In the end, they will have a custodian hold the bitcoin value that backs the value of the etf
supposedly only grayscale (GBTC) will hold bitcoin
1
Posted on 1/11/24 at 2:04 pm to TigerTatorTots
I’m sure many of you already know this, but unlike “traditional” ETFs which avoid many capital gain distributions due to the creation unit process, I don’t believe the Bitcoin ETFs will have the same luxury.
In reading the prospectus for IBIT, the Blackrock ETF, they will only deposit and redeem cash in the trust, which means they’ll be buying and selling BTC along the way. That will potentially create capital gain distributions along the way.
Just some food for thought.
In reading the prospectus for IBIT, the Blackrock ETF, they will only deposit and redeem cash in the trust, which means they’ll be buying and selling BTC along the way. That will potentially create capital gain distributions along the way.
Just some food for thought.
Posted on 1/11/24 at 2:19 pm to TigerTatorTots
quote:
BrokerageLink
Would not let me buy it. Can only get it via roth or HSA on my work provided Fidelity
Posted on 1/11/24 at 2:22 pm to geauxnc0308
quote:
Can only get it via roth
that's how i got it via Fidelity.
Posted on 1/12/24 at 6:43 am to finchmeister08
I got my shares in a regular brokerage account. I only use my roth for div stocks/etfs.
Posted on 1/12/24 at 9:57 am to I Love Bama
quote:
Number will keep going up and haters will keep hating.
I don't hate it. I just don't believe in it. Kind of like Allah.
Posted on 2/26/24 at 9:45 pm to TigerTatorTots
So has the board reached a consensus that FBTC is the best Bitcoin etf? I have a little bit of BTC in a Coinbase account that I would like to close and consolidate my BTC holdings into my brokerage account.
Posted on 2/26/24 at 10:21 pm to Dale Gribble
I prefer it mainly because of the company backing it. Fidelity has been pro Bitcoin for a very long time
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