This thread is about bitcoin, and if you provide a link to some other thread, then no problem providing that here.. but we should not be getting into the weeds of comparing and/or contrasting the owning of bitcoin to various derivative products (including BTC ETF products) in this thread.
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Getting into too much discussion of BTC ETFs and/or comparing them to bitcoin might be deserving of another thread, to the extent that threads already exist related to such topics.
JJG, here ya go (see below) with a link to a thread titled 'View about Investors of Spot Bitcoin ETFs' about spot Bitcoin ETFs!
► https://bitcointalk.org/index.php?topic=5558262.0
You (and others) might want to start reading the above thread from the beginning (the original post) to grasp the full view of everyone that posted in the thread...as of now it only has 40 posts so it's easy to read it all. Enjoy!
Recently Blackrock bought 1,869 BTC. Those 1,869 BTC are to cover shares of their spot Bitcoin ETF (Ticker IBIT) that investors are eagerly adding to brokerage accounts.
The same thing is going on at Fidelity as investors buy their spot Bitcoin ETF (Ticker FBTC). These spot Bitcoin ETFs are helping to improve both retail and institutional adoption of Bitcoin and that increases the price of Bitcoin, which is exactly what all of us want!
BlackRock's IBIT and Fidelity's FBTC exchange-traded-funds combined account for 2.5% of the total Bitcoin supply, representing over $30 billion. Recently, Blackrock held 347,766.96 BTC, worth $20.32 billion to cover their IBIT - and Fidelity held about half that much to cover their FBTC.
You are here talking about Bitcoin ETFs who came into the game to make quick profits by trading or don't you know that they are the highest traders in history and this thread does not support trading but long-term investment and holdi.
ETFs are already big institutions who are buying and selling bitcoin every day and that shouldn't be a lifestyle to imitate. If you have not started your bitcoin investment, I expect you to learn a lot from this thread and make a proper plan to start your bitcoin investment whenever your discretionary income is available and build your bitcoin portfolio for the future through DCA regular weekly purchases for 4-10 years and above.
If you don't invest early, and choose to be waiting, you will regret your actions in future. ETFs are already rich and making more, so you need to eat your own bitcoin cake by investing and hodli for the future. If you are buying from ETF remember that you are only buying the value of bitcoin and not real bitcoin that should be in your noncustodial wallet.
FYI - I have no intention of selling or trading the fairly sizable amount of ETF I own equal in price to over 3 BTC for at least 15 years, and I will likely add more. I don't need you trying to tell me what I should do. I'm fully capable to managing my finances and investments. Good luck to you investing your 'discretionary income'!