Dump GBTC and Buy New Bitcoin ETF?

Learn how to buy Bitcoin anonymously:

In this video, I discuss whether you should sell your GBTC and buy BITO.

In the process, I examine the differences between a futures-backed ETF (with price decay caused by negative carry), a trust (GBTC), and a true spot-based ETF.

Right now, GBTC seems like a better bet, since the large discount to NAV may help to “pay for” the annual 2% management fee.

The best way to own Bitcoin is to buy BTC itself using Strike or Coinbase, and not a trust or ETF that holds it. Remember “not your keys, not your coins.”

Not investment advice! Consult a financial advisor.

Here’s how NOT to buy Bitcoin:

First US Bitcoin futures ETF to start trading:

Bitcoin futures settlement prices:

GBTC discount or premium to NAV:

Scroll down to see current GBTC premium:

When will GBTC convert to ETF?

How to buy Bitcoin the right way:

Then withdraw your BTC and hold it on a hardware wallet:

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.


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