BTC ETFs

No one can say the last 14 years have not been great for BTC investor.

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Bitcoin has taken up mountaineering and has decided to scale this cliff.

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What’s that I hear?

… crickets and tumbleweed? :joy:

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my facebook reminded me that on this day last year


I sold my BTC … cos you know , RIP its going to crash at $19k… :rofl:

Damn, but that happens. If we could all sell the top life would be lovely.

Ahhh, ok, found the thread I was looking for. Search function is not great, lol

I am too convinced this is just starting and we are going to witness a wild ride up, please throw me some ice :smile:

(copied from my re;ply on MSTR thread)
I am a long term BTC holder, and now I am getting more exposure here via MSTR.

I started investing in BTC in 2019, after the first rise to $20k, there was an incredible hype around crypto at the time, daily conversations in the office, etc. Then the proce collapsed 80%, as usual and everyone went silent. I was convinced it was a bubble, but started reading and understood.

Please correct me if I’m wrong, but I think MSTR is the only way of getting exposure inside an ISA/SIPP

And some food for thought:

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I think the FCA have said they will allow creation of crypto backed ETNs, not sure if those would/can be on free trade but we do have ETCs on here to get exposure to commodities.

“These products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets only.”

"The FCA continues to believe cETNs and crypto derivatives are ill-suited for retail consumers due to the harm they pose. As a result, the ban on the sale of cETNs (and crypto derivatives) to retail consumers remains in place. "

Looks like yes, but Not sure what that means. “Professionals” can trade these cETNs (if that’s equivalent to the ETFs recently approved in US) what are “professionals”, ISA/SIPP providers like Freetrade (and then we the retail idiots can buy through them?) or a professional is a retail idiot that becomes suddenly wise after answering one of the ridiculous questionnaires like the ones set up recently to buy using Coinbase and other exchanges? Otherwise looks like a no unless you are a trading firm

Smells like it’s not going to available soon, and if they become available they will be expensive (unlike the US Vanguard BTC ETFs) and have low volume?

Probably no. Have a look.

“However, the ban on the sale of cETNs and crypto derivatives to retail consumers remains in effect, as the FCA continues to consider these products unsuitable for retail consumers due to the potential harm they pose.”

“Harmful” :face_with_monocle: but the FCA have no issues with retail plowing money into AIM companies and loosing everything. :face_with_raised_eyebrow:

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They are so slow to the party considering what’s been offered elsewhere.

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This article point out that the halving impact on BTC price could be less than expected based on historical events, and miners could also face some reduction in revenue and profitability (if profitable). I think it’s worth reading if you want to get some exposure on BTC because of the halving event.

About miners, I’ve read an interesting comment on Seeking Alpha where someone says people are moving their money to BTC ETF from miners, as they don’t need to be exposed to bad management decisions any more. Does it make sense to you?

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Typical FCA, I wonder if they are truely incompetent or they just want to allow professionals/institutions the opportunity to load up ahead of retail.

One thing is obvious to me, they are slowly u-turning and it won’t be long until they are available to retail investors too.

The FCA isn’t fit for purpose.

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:eyes:

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This aged beautifully, I think it’s very likely.

Already have some exposure to MSTR that’s done well so far, but was looking to see if the leveraged versions were available but alas, there’s only a really quiet thread going on about them.

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There’s a 3x leverage MSTR ETF if you’re feeling extra degen:

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Pure game theory.

First everyone can afford to be a fool. China expels crypto miners

Then El Salvador adopts BTC and everyone laughs
Bhutan starts mining and holding BTC and no one cares

Argentina elects Javier Milei, which was an incredibly awesome event (he didn’t look at Bitcoin, but he’s a pure Austrian economics head, and has done incredibly things so far)

The US approves BTC ETFs, a great thing, but still not enough.

Then the US has one of the worst and most war mongering mandates under Joe Biden, after a not-so-good Trump mandate, and they shot themselves in the foot by confiscating Russia US Treasuries, and other assets, while skyrocketing their own debt. The worlds,s confidence on the US treasuries decline. interest on gold rises.

Then an apparently pro-Bitcoin Trump is elected in the US (not that I am a fan of Trump, but he’s a way better option than another fucking democrat puppet). If he’s serious about he’s been promising (by the people he’s choosing for his team, it looks like), the race to hoard BTC in treasury reserves has started and the wiser players in this games theory will follow suit, things can get very very interesting. Looks like the tides are turning, hopefully.

Just so haters can hate more

I am retiring on my portfolio (prudently allocated :grinning:, just 50% in crypto and MSTR, plus some other Vanecks ETF, that’s all you could buy sadly in Europe)

Even i BTC “falls off a cliff” a 50% tomorrow, I can still retire. I wish good luck everyone, you can retire as well ignoring “crypto”, and holding the usual 60/40, but only it will take a bit longer. I can’t wrap my head around why people can’t jus add 3% of BTC to their portfoliio, just in case the kids are right

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