I feel that you don't understand what JJG is saying above. This thread is about individual investors buying and hodli bitcoin for their future as the keep their buying purchases ongoing overtime.
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.
@Sim_card - To show you I don't need your advice:
I currently own 5,950 shares of Fidelity's spot Bitcoin ETF (Ticker: FBTC) which is equal to about 5.2
BTC. My cost basis is about $95/share x 5,950 = $565,000.
The current price of BTC is $116,500 and the current price of FBTC is $101.70. 1,145 shares of FBTC equals the price of 1
BTC and my 5,950 shares / 1,145 = 5.2
BTC.
I purposely bought Fidelity's spot Bitcoin ETF (Ticker: FTBC) to parallel track the price of BTC. I fully expect Bitcoin's price to soar in the coming years.
Today (9/12/2025) at market open FBTC was $100.00/share. FBTC is right now $101.75. My 5,950 shares have gained about 1.85% or about $10,400
today as I look at my brokerage account right now. FYI, my total gain with my position of FBTC as of today is $6.75/share x 5,950 = $40,150.
As time moves forward I fully expect
mythe gain from my position of spot Bitcoin ETF to be well over $5 million by 2031 or 2032 as I expect BTC to be $1 million per coin
in 6-7 years.
I have no intention of selling or trading for at least 15 years
anand maybe longer. Chances are I will add to my current position.
BTW, my annual 'discretionary income' is well over $1 million.