Should I buy bitcoin ETF now?

[biergaiqiao]

I want to buy some, I Seems to be almost sold out. Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).
Let's talk about this.

[adaseb]

There are already a few bitcoin etfs out.

If you are in Canada there is a spot Bitcoin etf since 2021.

In Europe there was a bitcoin etf for a few years already.

In USA you can buy the bitcoin future etf called Bito which was also out since 2021. And prior to that we had the bitcoin futures which is a little harder for the retail market to access.

[CODE200]

There are already a few bitcoin etfs out.

If you are in Canada there is a spot Bitcoin etf since 2021.

In Europe there was a bitcoin etf for a few years already.

In USA you can buy the bitcoin future etf called Bito which was also out since 2021. And prior to that we had the bitcoin futures which is a little harder for the retail market to access.

I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something. I still don't understand how they can be able to influence the market prices with regards to the upcoming decision on the approval of ETF, I still have no idea how and I still think the halving will probably have more impact than this maybe even the idea that Lamborghini is planning to accept bitcoin for payments for their luxurious cars.

[alastantiger]

I want to buy some

Do not buy Bitcoin ETF. Buying it is like wanting to own a bicycle and instead of the actual bicycle, you are given a picture of bicycle instead.

I don't know who you are but by being here on this forum, it shows you have the capability to learn about Bitcoin. How to buy real Bitcoin, secure it, and be successful with it.

Buy the real deal and not a picture of it instead.

[Solosanz]

That depends on what you're looking for.

If you want to own securities related to Bitcoin and you can't hold it by yourself, you can try to buy it.

But, some people choose to buy Bitcoin directly through exchange because they don't trust centralization and try to learn "be your own bank".

You can read the popular Bitcoin ETFs, it might help you to choose which ETF you want to buy https://www.coingecko.com/research/publications/bitcoin-etfs-btc-holdings

I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something.

Yeah pretty much like stocks or bonds, it needs a securities firm in your country or broker to help you to buy it.

[sunsilk]

Like the suggestion of everyone instead of buying a Bitcoin ETF, why not just consider of buying an actual Bitcoin that you can hold out of these exchanges?

I'm still confused as to how they work, are they like stocks or bonds?

There's not that much difference on it. It's like that you're buying but not from the crypto exchanges but from the traditional exchanges.

Bitcoin ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than cryptocurrency exchanges. They allow investors to invest in Bitcoin without having to go through the hassle of using a cryptocurrency exchange while providing leverage to its price.

[_act_]

@ adaseb, CODE200, alastantiger, Solosanz, sunsilk

He is not talking about spot bitcoin ETF, he is talking about an altcoin which is only in presale stage as of now. The name is called BTCETF or bitcoin ETF token which would be an ERC20 token.

I want to buy some, I Seems to be almost sold out. Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).
Let's talk about this.

Just know that this is an altcoin, and not bitcoin ETF. You can gamble with it with the amount of money that you can afford to lose.

[un_rank]

He is not talking about spot bitcoin ETF, he is talking about an altcoin which is only in presale stage as of now. The name is called BTCETF or bitcoin ETF token which would be an ERC20 token.

In that case, the thread should be moved to the altcoin section where it will be a better fit.

[ABCbits]

@ adaseb, CODE200, alastantiger, Solosanz, sunsilk

He is not talking about spot bitcoin ETF, he is talking about an altcoin which is only in presale stage as of now. The name is called BTCETF or bitcoin ETF token which would be an ERC20 token.

I want to buy some, I Seems to be almost sold out. Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).
Let's talk about this.

Just know that this is an altcoin, and not bitcoin ETF. You can gamble with it with the amount of money that you can afford to lose.

This kind of token makes cryptocurrency discussion takes more time. Some time ago i've seen people mistook Satoshi/sat unit as one of BRC-20 token. And using ERC-20 (which is part of ETH) rather than Bitcoin sidechain is an irony.

[hugeblack]

@ adaseb, CODE200, alastantiger, Solosanz, sunsilk

He is not talking about spot bitcoin ETF, he is talking about an altcoin which is only in presale stage as of now. The name is called BTCETF or bitcoin ETF token which would be an ERC20 token.

As I read their comments, I became confused because what he meant was that he sold $4,626,720.67 and he referred to an altCOIN called ETF.

If so, it is a scam, do not buy anything other than Bitcoin.

This kind of token makes cryptocurrency discussion takes more time. Some time ago i've seen people mistook Satoshi/sat unit as one of BRC-20 token. And using ERC-20 (which is part of ETH) rather than Bitcoin sidechain is an irony.

All of these services take advantage of hot words to promote themselves. Search for any hot topic and you will find that there is a token in its name, and since the Squid game scam, it has become necessary to be careful about any alt bearing the name Bitcoin.
Binance and some CEXs are responsible for this by creating wrapped tokens for Bitcoin on different blockchains and claiming them to be Bitcoin.

[_act_]

As I read their comments, I became confused because what he meant was that he sold $4,626,720.67 and he referred to an altCOIN called ETF.

I do not know what you mean by he sold, but I think you are also talking about what I said already and you are correct if that is it. I do not want to copy and paste the website link on this thread but this image can make other people to understand it better as it is on their website



You can see where the OP get: Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).

It is the hottest presale now and this might be another pump and dump.

[Venik]

I'd say that it's better to buy BTC itself. But it feels kinda strange to see someone asking stuff like this when they have $4,626,720.67.

[Blitzboy]

Look at the ETF's nature: it provides Bitcoin access without the actual of owning Bitcoins. ETFs are easy, but they dont offer the same control or potential benefits as owning Bitcoin directly. You invest in an ETF that tracks the price, not the asset.

Second, market conditions always matter. ETF near-sold-out position shows tremendous demand, but market timing is uncertain. Is now the best time to enter, or should you wait? Considering these factors is crucial.

If you love Bitcoin, why not buy it directly? This  helps the Bitcoin ecosystem and promotes bitcoin ownership. Direct investing provides a closer relationship with the asset, worth considering.

[Oshosondy]

I'd say that it's better to buy BTC itself. But it feels kinda strange to see someone asking stuff like this when they have $4,626,720.67.

Have you been reading what people are posting on this thread? You can clearly understand that the OP is talking about a presale coin and not his own money. But it is true that it is better to buy bitcoin instead. But bitcoin ETF token is not related to bitcoin at all.

Look at the ETF's nature: it provides Bitcoin access without the actual of owning Bitcoins. ETFs are easy, but they dont offer the same control or potential benefits as owning Bitcoin directly. You invest in an ETF that tracks the price, not the asset.

OP is talking about a token, not bitcoin ETF.

Because United States has not approved bitcoin spot ETF, that does not mean other countries like Canada and some European countries has not approved it. There are countries that have bitcoin spot ETF.

What you are referring to are only bitcoin future ETF.

If you love Bitcoin, why not buy it directly? This  helps the Bitcoin ecosystem and promotes bitcoin ownership. Direct investing provides a closer relationship with the asset, worth considering.

You are right, it is better to buy bitcoin directly. With that you will have complete control on your coins.

[Text]

A type that is considered a high-risk investment. You should be comfortable with potential losses when investing in this token. I would prefer investing in Bitcoin with a Dollar-Cost Averaging strategy rather than buying a new and quickly rising token just for a quick win. I think it's just using the Bitcoin ETF buzz. Let me ask you, OP, why are you specifically interested in Bitcoin ETFs? What research have you conducted on the ETF itself and the underlying asset?

[franky1]

the other downside is
if you bought 1btc direct.. its still 1btc in 30 years

however an ETF comes with annual fee's where by buying 1btc worth of shares. becomes 0.54btc worth of shares in 30 years (assuming their 2% annual fee)

[Jawhead999]

Even though many users discuss different thing than what was @OP meant, but they're not wrong because it's confusing lol.

This is a scam token, while the other Bitcoin ETF is regulated, although if you buy it, you're just own the IOU, not the actual coin. When a project is using a popular/hype name, it just to mislead Average Joe.

[BIT-BENDER]

Why are you looking forward to future complications I don't understand what the buzz for to buy the Bitcoin ETF is all about and I actually don't associate myself with the drama.
The more complicated the crypto-currency space is the more breeding ground for scammers. If you are interested in Bitcoin you can always get a wallet get some Bitcoin and save them in your wallet it's that simple.

[Cookdata]

It seems has everyone confuse with his questions but I will explain for you just for knowledge sake and OP that is dividing the subject from the content of his post.

I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something. I still don't understand how they can be able to influence the market prices with regards to the upcoming decision on the approval of ETF, I still have no idea how and I still think the halving will probably have more impact than this maybe even the idea that Lamborghini is planning to accept bitcoin for payments for their luxurious cars.

You know to buy typical bitcoin, some people see it as a hard work because of the security and a lot of steps to undergo before getting them like registering on exchanges or using complicated DEXes and buying a hardware wallet and also doing a security backup of the seed phrase, this process are going to be meticulous for institutional investors. So, to make this easier traditional exchanges want to make this very easy for institutional investors in the form of mutual funds that they can buy from them while mimicking everything about bitcoin price, the volatility, the movement and every other thing that you know that Bitcoin can display in the market.

The traditional exchanges can then buy allow the customers to buy this bitcoin ETF but they must have an equivalent amount of Bitcoin they provided to be public for transparency. If they give out 30,000 Bitcoin ETF to their customer, they must have the equivalent of that amount of Bitcoin under their custody making it a real investment for the institutional investors and other retailers that prefer that over the main Bitcoin. With this, they don't need to worry about law enforcement for having Bitcoin or explaining the source of their bitcoin or even worry about seizing of their Bitcoin.

[m2017]

There are already a few bitcoin etfs out.

If you are in Canada there is a spot Bitcoin etf since 2021.

In Europe there was a bitcoin etf for a few years already.

In USA you can buy the bitcoin future etf called Bito which was also out since 2021. And prior to that we had the bitcoin futures which is a little harder for the retail market to access.

Ok. In theory, bitcoin etf can be purchased (in some jurisdictions). The question is different. Why do this? Just so that your possession of bitcoin etf is within the legal framework? People must understand that bitcoin etf is not bitcoin, but its surrogate without the advantages of bitcoin, but with disadvantages of centralization.