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Author Topic: Invest in IBIT or BITO in Fidelity?  (Read 157 times)
greentech2 (OP)
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June 06, 2025, 07:23:25 PM
 #1

I want to buy IBIT ((Blackrock iShares Bitcoin Trust ETF) and BITO (ProShares Bitcoin Strategy ETF) in Fidelity account.  IBIT is a a spot Bitcoin exchange-traded fund (ETF) with low fee 0.25% directly holds actual Bitcoin in its asset.  BITO is the future contracts trading monthly with higher management fee 0.95%.  BITO has a contango problem by rolling futures contracts can erode returns compared to spot Bitcoin.  BITO pays monthly dividend that I can apply dividend reinvestment.  Hacker can hack IBIT but can not hack BITO.  In the long run IBIT or BITO which one is the best ETF to invest?  Thanks.
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June 06, 2025, 07:39:27 PM
 #2

I want to buy IBIT ((Blackrock iShares Bitcoin Trust ETF) and BITO (ProShares Bitcoin Strategy ETF) in Fidelity account.  IBIT is a a spot Bitcoin exchange-traded fund (ETF) with low fee 0.25% directly holds actual Bitcoin in its asset.  BITO is the future contracts trading monthly with higher management fee 0.95%.  BITO has a contango problem by rolling futures contracts can erode returns compared to spot Bitcoin.  BITO pays monthly dividend that I can apply dividend reinvestment.  Hacker can hack IBIT but can not hack BITO.  In the long run IBIT or BITO which one is the best ETF to invest?  Thanks.

Can you be a bit more precise about what you want to do? Because I don't see any IBIT or BITO in Fidelity ETFs/ETPs. Also, how do you know that the one can be hacked while the other can't? As for which one is best in the long run, the answer is none. Just buy BTC and keep them as long as you can. The longer, the better.



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greentech2 (OP)
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June 06, 2025, 08:10:18 PM
 #3

I can buy IBIT and BITO in Fidelity account.  IBIT is from Blackrock.  BITO is from ProShares.  I don't want to buy bitcoin in Coinbase and get hacked.  I am not interest to buy Bitcoin and put it in hardware wallet like Ledger or Trezor for self-custody.
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June 08, 2025, 05:59:47 PM
 #4

I can buy IBIT and BITO in Fidelity account.  IBIT is from Blackrock.  BITO is from ProShares.  I don't want to buy bitcoin in Coinbase and get hacked.  I am not interest to buy Bitcoin and put it in hardware wallet like Ledger or Trezor for self-custody.

Ok, so you are only interested in buying some ETFs. The problem is that I don't see on Fidelity's site that offers such ETFs as the ones that you mentioned. Neither IBIT nor BITO. Can you please post where you see those Fidelity ETFs plans?



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