Now that it seems we are getting back to "normal" there is something I would like to discuss... While most (almost all of it) of my Bitcoin is "physical", for tax reasons I do tend to do most of my BTFD using ETP/ETN's (AFAIK there is no ETF available yet in europe, please correct me if I am wrong) using the following "funds":
TRACKERS (ETFS)
ETC Group Physical Bitcoin
XET | BTCE | DE000A27Z304 | EUR
VanEck Bitcoin ETN
XET | VBTC | DE000A28M8D0 | EUR
CoinShares Physical Bitcoin
XET | BITC | GB00BLD4ZL17 | EUR
CoinShares Physical Bitcoin
TDG | BITC | GB00BLD4ZL17 | EUR
21Shares Bitcoin ETP
XET | 21XB | CH0454664001 | EUR
21Shares Short Bitcoin ETP
XET | 21XS | CH0514065058 | EUR
WisdomTree Bitcoin ETN
XET | WBIT | GB00BJYDH287 | EUR
Fidelity Physical Bitcoin ETP
XET | FBTC | XS2434891219 | EUR
At the moment I don't really have any criteria (apart from "diversifying"... in a totally random way) about which of them to buy each time. ie: sometimes a new one comes to life so I buy some of it, other times I add more of one or several of them, etc...
That is because two reasons:
1- In comparison to my physical holdings it is not that much money I am throwing at it (single digit percent at the most).
2- ... So I haven't really devoted much time to do a through comparison between them.
So... Here I am asking for the wisdom of the WO.... Do you euro guys have any preference or criteria about any of them? Have anyone taken the time to really compare them? Do you guys follow any diversifying strategy? What are your favorite picks, if any?
Again, I am doing this for tax reasons... the alternative, for me, would be not to buy anything anymore because I live in a country where FIFO is the only available option and, at current rate, I (hope) probably will never fully "cycle" all my corn... so this is my only way to do some reasonable "trading" with less tax impact (I can trade those separately of my "real" Bitcoin).
Also I do still buy some physical sometimes... but those go to the hodl "forever" wallet. So please don't try to "enlighten" me about the differences between physical and derivatives, because I know them well and it is the difference between each of those derivatives what I am really interested to know.
Just as a comment: IBIT and BTC are missing: IBIT is a fund from blackrock that got most of the flow and is most liquid, probably. BTC-is a new fund from Greyscale with lowest yearly fee (just 0.15%).
I am personally invested in a mix of IBIT and FBTC now (eventually, will trade some IBIT for BTC fund to make it 1:1:1).
Trading in those has nothing to do with regular bitcoin in a sense that FIFO would apply to each pile separately even though they are called "physical" bitcoin ETFs.
One great potential is that you don't need to wait 30 days after a loss trade to re-buy (which is a rule in US for taking losses) because you can always buy a similar fund.
Poll
