Deanoroll5 on Nostr: Which #Bitcoin spot ETF is the best? I'm going to fire $GBTC today I appreciate: 1) ...
Which #Bitcoin spot ETF is the best?
I'm going to fire $GBTC today
I appreciate:
1) all the crypto bros who panicked back in 2023 and let me buy at an almost 50% discount.
2) @Grayscale for suing and winning against the corrupt @SECGov
I don't appreciate:
3) the egregious management fee! 1.5%?!?! WTF?!?
Size Matters edition!
Blackrock $IBIT and Fidelity $FBTC are the biggest of the new ones. Followed closely by Ark/21 $ARKB and Bitwise $BITB
$GBTC is the largest but shrinking quickly (see above)
The rest of the new ones are much smaller.
Fees Matters edition!
Bitwise $BITB has the lowest of the new ones. Followed closely by Ark/21 $ARKB and VanEck $HODL
Some have temporary waivers on fees (that differ from this list) which make this analysis a bit more complicated.
Giving Back edition!
Bitwise $BITB and VanEck $HODL have both stated they will donate a percentage of profits for the first 10 years to Bitcoin open-source development (via third parties).
$BITB has gathered decent AUM already.
Custodian Diversity edition!
Fidelity $FBTC does their own self custody 💪👍
VanEck $HODL uses @Gemini
If diversifying your custodian is important these are good options.
The majority of the new spot ETFs use @coinbase
Deano's Picks!
I'm selling all of my $GBTC They used to be the only game in town but better options now exist.
I'm going to split between (force ranked):
Bitwise $BITB
Fidelity $FBTC
Ark/21 $ARKB
VanEck $HODL
I'm going to fire $GBTC today
I appreciate:
1) all the crypto bros who panicked back in 2023 and let me buy at an almost 50% discount.
2) @Grayscale for suing and winning against the corrupt @SECGov
I don't appreciate:
3) the egregious management fee! 1.5%?!?! WTF?!?
Size Matters edition!
Blackrock $IBIT and Fidelity $FBTC are the biggest of the new ones. Followed closely by Ark/21 $ARKB and Bitwise $BITB
$GBTC is the largest but shrinking quickly (see above)
The rest of the new ones are much smaller.
Fees Matters edition!
Bitwise $BITB has the lowest of the new ones. Followed closely by Ark/21 $ARKB and VanEck $HODL
Some have temporary waivers on fees (that differ from this list) which make this analysis a bit more complicated.
Giving Back edition!
Bitwise $BITB and VanEck $HODL have both stated they will donate a percentage of profits for the first 10 years to Bitcoin open-source development (via third parties).
$BITB has gathered decent AUM already.
Custodian Diversity edition!
Fidelity $FBTC does their own self custody 💪👍
VanEck $HODL uses @Gemini
If diversifying your custodian is important these are good options.
The majority of the new spot ETFs use @coinbase
Deano's Picks!
I'm selling all of my $GBTC They used to be the only game in town but better options now exist.
I'm going to split between (force ranked):
Bitwise $BITB
Fidelity $FBTC
Ark/21 $ARKB
VanEck $HODL