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First bitcoin futures ETF to make its debut on the NYSE Tuesday

First bitcoin futures ETF to make its debut on the NYSE Tuesday



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  1. tldr; The first bitcoin-linked exchange-traded fund will make its debut officially on Tuesday. The much-anticipated ETF from ProShares, which will track the bitcoin futures market, will begin trading on the NYSE under the ticker ‘BITO’. The price of bitcoin was around $60,000 Monday morning.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. So I’ve been looking into what to do with my retirement vehicles. I have. Roth IRA which I already paid the taxes and it can grow tax free. I also have a traditional IRA (from which I rolled previous 401k into when I switched jobs over the last couple decades).

    Some crypto IRAs don’t let you hold the keys, but not all. All of these have heavy fees. Like $30/month plus one time % fee based on the size. Just madness.

    I’m thinking the Roth I’ll move to an actual crypto IRA and get BTC. But with my huge six figure traditional IRA and my personal brokerage account I don’t want to entirely liquidate, I’ll buy GBTC, and a Bitcoin ETF.

    … At least until maybe these crazy fees goes down and the market gets competitive.

    The point of this is to illustrate the point of why someone wouldn’t entirely liquidate and go full BTC at least in 2021.

  3. Instead of putting money into a retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

What do you think?

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