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Reply to "Bitcoin, Blockchain ETF"
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[quote=Anonymous][quote=Anonymous]No - just buy BTC directly.[/quote] 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.[/quote]
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