PhilRoss on Nostr: What do folks think of BTGD? This is the 1.0x levered gold/bitcoin fund. $1 invested ...
What do folks think of BTGD? This is the 1.0x levered gold/bitcoin fund. $1 invested gets you $1 of gold and $1 of bitcoin proxies. A few things I noticed were 1% fee and funds relies on BTC futures vs spot.
Thinking about it as an interesting “cash management” tool, obviously not anywhere near cold-storage bitcoin for long-term savings.
Published at
2024-10-26 18:14:34Event JSON
{
"id": "63b6d44be2683745cbef935101f68208fa0e3cf81ee62fbdfffbd3e64c22c92f",
"pubkey": "5d4ae49e284a95016e944ae5cffc928470c2c3d08dec4d24a972492378c982f4",
"created_at": 1729966474,
"kind": 1,
"tags": [],
"content": "What do folks think of BTGD? This is the 1.0x levered gold/bitcoin fund. $1 invested gets you $1 of gold and $1 of bitcoin proxies. A few things I noticed were 1% fee and funds relies on BTC futures vs spot. \n\nThinking about it as an interesting “cash management” tool, obviously not anywhere near cold-storage bitcoin for long-term savings.",
"sig": "3a72ad0afdf77fba3b9feca6f348cc988e05c43e971d7c5bc2dd4f559483efeb51a46bbc3809f6364034167f58a5acc4aca2654eb2524eb19201c551b6b9d986"
}