Bitcoin, Blockchain ETF

[Anonymous]

Any recommendations? Are these worth buying now?

[Anonymous]

No - just buy BTC directly.

[Anonymous]

I have Bitcoin and ehterium ETFs in my Roth IRA. But the performance has been terrible over the last year and the fees are 2% a year. Not a good investment unless you feel like timing the market on something that can easily drop 50% almost overnight.

[Anonymous]

Don’t buy anything yet

[Anonymous]

Don’t do it.

[Anonymous]

Anonymous wrote:I have Bitcoin and ehterium ETFs in my Roth IRA. But the performance has been terrible over the last year and the fees are 2% a year. Not a good investment unless you feel like timing the market on something that can easily drop 50% almost overnight.

The fees are high because the existing btc ETFs get their exposure through futures. There is a roll cost.

[Anonymous]

Anonymous wrote:No - just buy BTC directly.

No. Don't do this. Buying bitcoin directly runs the risk of theft with no asset protection.

Buy GBTC. It's a trust that holds Bitcoin, trades like a 'normal' stock and can be held in retirement accounts/Roth. It's also a closed end fund and trades at about a 30% discount to NAV. i.e. you are buying bitcoin at a 30% discount to today's market price. They have applied to convert to an ETF as soon as such things are approved and the discount will vanish overnight when that happens.