Thinking of buying BTC on the London Stcok Exchange

[Goldson]

Has anyone ever done it like this and used a stock exchange to buy there from

There's no advantageous reason for me to buy BTC ETF where BTC is treated like Jpeg and nothing will change that.

How safe is it?

It depends on what you mean by safe. The whole investment is controlled by the institutional investors, and the tax aspect of it is always taken care of.

How dose the price differ from BTC its self?

You're buying the company BTC jpeg instead of the real Bitcoin.

Is that a it like the DOE straw man thing?

And when you purchase this way, do you actully own BTC or is it a futures market?

Both now and in the future. This investment purchase don't make you a real BTC owner, or holder.
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But dose the ETF hold the bitcoin (and hence the keys for it)?

In short, you won't be able to withdraw that bitcoin, you are just able to cash out the value that's gained, or lose the value in case it drops.

Been down this road/ discusion before with gold silver ETFs. That you can not actully book an appointment with the vault to cash your ar of gold and collect it or have it delivered

Again; Do you own a share of this and dose your ETF company own bitcoin that is fractionlized for you on your behalf? I mean did they initally go out and buy bitcoin them selfs?

May I ask why buy in stock exchange though??? Why not just buy in a crypto exchange if you really want a centralized authority holding your coin

Because the bitcoin exchanges are all scam artists!
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Even ones which legally registered and comply with government regulation?
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I refer you to one of my other posts and that is about coinbase charging over 3% = 50p a deal

[moderator's note: consecutive posts merged]

[BitJannik]

I think buying bitcoin through the LSE's ETPs is a pretty safe and regulated way to invest without the hassle of managing a crypto wallet. But from what I understand, you don't actually own the bitcoin, you're just holding shares in a product that tracks its price. The price might be slightly different because of fees and there are also commissions and management costs to consider.

[moneystery]

Because the bitcoin exchanges are all scam artists!

why do you say that? so far i have used centralized exchanges to trade and transact bitcoin or other assets, and until now i have not found any problems with their services. i don't know how your experience is using exchanges, but your statement that exchanges are scams is completely baseless and just a personal opinion.

and personally compared to buying bitcoins on the stock market, it is better for me to buy them on exchanges like binance. at least when i buy on the exchange i can withdraw to my wallet and manage it myself, whereas when you buy on the stock market you only buy paper and you can't transfer it to your wallet.

[betswift]

Even ones which legally registered and comply with government regulation?

They can say that they are good, safe and careful in management of their company treasury and customer fund as well as don't misuse customer funds without agreement of users.

But only God can know what they are actually doing. FTX and Sam Bankman-Fried said everything were good, Terra and Do Kwon told the same, but both FTX and Terra collapsed very quickly.

Trust Bitcoin Spot ETFs if people distrust accuracy and importance of "It is not your private keys, it is not your bitcoin!"

Agreed.
The officials are there to be the signs of stability of any entity / company, whereas, in reality, it can all be much different in perspective.
So it's better to be the one in charge rather than the institution in question, in my opinion.

[ABCbits]

Even ones which legally registered and comply with government regulation?

They can say that they are good, safe and careful in management of their company treasury and customer fund as well as don't misuse customer funds without agreement of users.

But only God can know what they are actually doing. FTX and Sam Bankman-Fried said everything were good, Terra and Do Kwon told the same, but both FTX and Terra collapsed very quickly.

Trust Bitcoin Spot ETFs if people distrust accuracy and importance of "It is not your private keys, it is not your bitcoin!"

I get your point. But to be clear, i asked that question to OP since he seems to trust 3rd party (ETP or ETP in this case) and i wonder if that also applies to centralized exchange that usually allow you withdraw Bitcoin to our own wallet.

[DeathAngel]

Just buy Spot Bitcoin on a reputable exchange & withdraw it to a hardware wallet. If you are even semi tech/computer literate you can manage to do this & custody your own Bitcoin, without the worry of third party custody failure. Take control of your own money, I don’t trust any of these companies or products to hold a significant amount of my Bitcoin.

[Ale88]

So on an investment side of things (and not day to day spending)

I see hat the LSE now sell BTC on there exchange in the following tickers

Code   Instrument name   Price
ABTC   21SHARES BITCOIN ETP   28.37 GBP
AETH   21SHARES ETHEREUM STAKING ETP   34.24 GBP
BTCU   21SHARES BITCOIN ETP   36.05 USD
CBTC   21SHARES BITCOIN CORE ETP   20.06 GBP

Has anyone ever done it like this and used a stock exchange to buy there from

How safe is it?
How dose the price differ from BTC its self?
What commision do they charge?
And when you purchase this way, do you actully own BTC or is it a futures market?

Thanks

The main reason you should ask yourself is why you are looking to buy a subproduct of bitcoin instead of buying the original. Is it because you just want to make some quick money out of it? Is it because you find too complicate to buy on an exchange and then safely store them? I understand your questions are different but the fact that you don't even know that of course you're not buying actual bitcoins is worrying to be honest.

[ABCbits]

why

--snip--
Even ones which legally registered and comply with government regulation?

I refer you to one of my other posts and that is about coinbase charging over 3% = 50p a deal

Your BBcode is broken, so i missed your reply earlier. If your main problem is high fee rate, how about trying different cryptocurrency exchange?

[fikrett]

Just buy Spot Bitcoin on a reputable exchange & withdraw it to a hardware wallet. If you are even semi tech/computer literate you can manage to do this & custody your own Bitcoin, without the worry of third party custody failure. Take control of your own money, I don’t trust any of these companies or products to hold a significant amount of my Bitcoin.

Agreed.
You should be the only party in control of most of your assets to be able to choose what to do in the future.
Otherwise, this right would be taken from you. Not today, but someday, it may happen.