Personally the 1% fee per year to me is insane. Over 30 years, a holder of the BTC ETF will lose 0.27 BTC (or 27% of their stack). We need to promote self-custody hard so those around us can be educated. Electrum, Cold Card and more.
71 sats \ 1 reply \ @okpj 9 Nov 2023
Fees are in USD, not Bitcoin. Unless Bitcoin remains totally flat for 30 years they will not lose 27% of their stack.
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0 sats \ 0 replies \ @0xBTC OP 10 Nov 2023
its 1% of your investment, so maybe not exactly the same, but it still harms your total btc.
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21 sats \ 0 replies \ @bitcoin_rationalist 9 Nov 2023
I think the ETF is inevitable, so much money to be made by TradFi with bitcoin.
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0 sats \ 1 reply \ @brandonsbytes 9 Nov 2023
deleted by author
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21 sats \ 0 replies \ @okpj 9 Nov 2023
Fees… But fees will be in USD not Bitcoin so unless price remains flat for 30 years, people will not lose 27% of their btc.
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0 sats \ 0 replies \ @phygit 9 Nov 2023
Over-hyped.
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0 sats \ 3 replies \ @siggy47 9 Nov 2023
What ETF?
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237 sats \ 0 replies \ @amaluenda 9 Nov 2023
End The Fed ;-)
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227 sats \ 1 reply \ @0xBTC OP 9 Nov 2023
Blackrock spot BTC ETF along with about 10 other companies that have filed for one.
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0 sats \ 0 replies \ @siggy47 9 Nov 2023
I was making a stupid joke. I'm not a big fan of any of these products, whether spot, futures, options or trusts.
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