Quote from: Franctoshi on July 25, 2025, 11:57:16 PM

Quote from: BTCETFInvestor on July 24, 2025, 05:05:06 PM

Just recently I've decided to invest in Bitcoin and have chosen to buy shares in Fidelity's FBTC Exchange-Traded-Fund.

My choice was primarily between Fidelity's FBTC and Blackrock's IBIT. I chose FBTC because I like and trust Fidelity's service and I like their Trading Dashboard features.

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?

In as much as this sounds good to you to buy a share of Bitcoin ETF and hold, why not or what stops you from buying Bitcoin directly from any decentralized exchange platform or a centralized exchange platform out there such as Binance or Bybit, and put your BTC in a cold storage wallet such as Ledger Nano X or Trezor model you can also use a free wallet like the electrum wallet if you can't get your hands on any of these hardware wallets and have a full possession of your funds, because not your keys not your cryptos.
It safer to self custody that's the main game.

That's a fair question! I'll attempt to explain why...

I'm totally new to Bitcoin and I've been trying to soak up knowledge from A to Z. As much as Bitcoin was new to me and took me days and days of researching and digging to learn a little about mining and halving and hashing and blockchains and electricity usage and cooling and on and on - then things started making more sense and the puzzle pieces started fitting. Then I turned my attention to how me investing in Bitcoin could be promising for me. That led to learning a little about wallets, hot storage, cold storage, etc. and how a lot of people have lost their passwords or private keys or their computer harddrive, etc. Then I learned about crypto holding firms and exchanges like Mt. Gox that got hacked and people lost the Bitcoin, etc. etc. To be honest, that made me not want to be the custodian of my BTC or deal with a holding firm that could be hacked - so I started looking for a way to invest in Bitcoin but have a trusted financial institution manage the custodian of it for me.

I have accounts with three brokerages (Fidelity, Charles Schwab and Wells Fargo) and two large banks (Wells Fargo and Capital One) and a global investment management company (Vanguard). I feel comfortable with all of them protecting my investments. So, I started digging around and learned that Fidelity and Blackrock, and a couple others, had Bitcoin exchange-traded- funds - so I chose Fidelity's FBTC EFT and as you might have guessed I have already - even with my meager Bitcoin education - taken a pretty sizable position in FBTC using my Fidelity brokerage account. And as you might can tell, I'm really excited about my Bitcoin investment even with it being via an ETF instead of in a wallet...

The intent of my thread question was to learn what others think of someone new to Bitcoin (like me) investing in Bitcoin by buying shares of a Bitcoin ETF instead of buying BTC directly...