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01-10-2024 , 11:01 AM

#52226

exec771

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 17,485

Damn Gary is such a buzzkill.

Quote

01-10-2024 , 01:09 PM

#52227

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

Quote:

Originally Posted by hansmolman

I blame bitboy for all of this.

Fak Bitboi and the horse he rode in on...

Quote

01-10-2024 , 04:57 PM

#52228

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,577

SEC just reposted 11 ETF approvals and then instantly reyoinked them. Is this real life?

Quote

01-10-2024 , 05:21 PM

#52229

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,628

Price prediction for June 10th? 6 months from ETF approval

curious what the range in here will be

Quote

01-10-2024 , 05:46 PM

#52230

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,508

Reuters says 11 are approved.

https://www.reuters.com/technology/u...fs-2024-01-10/

ETH doing better off this than BTC... ?

Quote

01-10-2024 , 05:48 PM

#52231

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

Yeapers... trade tomorrow!
Fee structures are really Attractive

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01-10-2024 , 05:49 PM

#52232

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,586

Quote

01-10-2024 , 07:21 PM

#52233

applesauce123

adept

Join Date: Jun 2016 Posts: 855

Quote:

Originally Posted by Go Get It

Reuters says 11 are approved.

https://www.reuters.com/technology/u...fs-2024-01-10/

ETH doing better off this than BTC... ?

Probably speculation over ETH ETF approval and BTC ETF approval already being priced in short term.

Quote

01-10-2024 , 07:21 PM

#52234

Maximus122

adept

Join Date: Jul 2013 Posts: 967

Quote:

Originally Posted by rafiki

Price prediction for June 10th? 6 months from ETF approval

curious what the range in here will be

70,000 a break above the previous all time high, would be my guess.

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01-10-2024 , 07:34 PM

#52235

Montrealcorp

Carpal \'Tunnel

Join Date: May 2007 Posts: 13,736

Buy or sell the news tomorrow ?(got lot of miners)

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01-10-2024 , 07:52 PM

#52236

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,012

Quote:

Originally Posted by 27offsuit

SEC just reposted 11 ETF approvals and then instantly reyoinked them. Is this real life?

they are clowns. posted it on their site around 3:45 when they meant to do it after market close at 4:00

incredibly incompetent over there.

2 aspiring democrat commissioners voted against approval. their reasoning: the dc court of appeals ruling was wrong! LOL

gary voted for it.

it's all theatre. they had no actual grounds to deny it. the 2 that voted against just wanted to look good for the anti-crypto army and hopeful promotion from liz warren.

approval seems like it was priced in. will be interesting to see what happens tomorrow once they are listed and what the flows are like.

Quote

01-10-2024 , 11:11 PM

#52237

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

The only logical reason the sec could ever have for denial would have been 'we are threatened by it'...

Quote

01-11-2024 , 12:21 AM

#52238

jwv119

stranger

Join Date: Sep 2010 Posts: 2

long time lurker , first time poster. You guys seem smart so i thought I'd ask. I have a lot of gbtc in a roth account, I should sell it all tomorrow and buy a lower fee etf , correct? Any suggestions for which one is best? Also any thoughts on why gbtc is not lowering fees to be more competitive with others?

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01-11-2024 , 12:50 AM

#52239

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,577

Coincidentally just came to post this from an old 2+2er who ran some scenarios on etf fees:

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01-11-2024 , 01:07 AM

#52240

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

15% roi per annum isn't realistic.

Not to pry jwv but how much GBTC are we talking about?
If it's not that much, just start drawing into vaneck btc etc @ .25%... that's already really low.

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01-11-2024 , 01:17 AM

#52241

jwv119

stranger

Join Date: Sep 2010 Posts: 2

15,000 shares, it's a lot for me

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01-11-2024 , 02:00 AM

#52242

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,012

Quote:

Originally Posted by jwv119

bitwise is 20bps fee and they give 10% of profits to open source bitcoin devs. i'd probably go with that one, but I think your best bet is to wait a week, let the dust settle and then move. i'm guessing for the first few days the share prices will be volatile and not 100% reflective of the amounts held.

i have some foreign bitcoin etfs in my tax free account that have 40-100 bps fees. my plan is to move out of them next week, not immediately.

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01-11-2024 , 02:15 AM

#52243

SootedPowa

veteran

Join Date: Jun 2013 Posts: 3,427

Quote:

Originally Posted by housenuts

i have some foreign bitcoin etfs in my tax free account that have 40-100 bps fees. my plan is to move out of them next week, not immediately.

Interesting thoughts. Here in the UK they dont allow any sort of financial product to do with bitcoin in the tax free accounts but they do allow you to buy individual shares listed in the US. I might give it a couple of weeks to settle then see if its possible to buy the bitcoin etfs.

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01-11-2024 , 02:18 AM

#52244

applesauce123

adept

Join Date: Jun 2016 Posts: 855

Looks like GBTC is still trading at a 6% discount to NAV. I'm guessing your best bet is to let GBTC to convert into an ETF and let the discount to NAV get arb'd away before moving it to a lower fee fund.

Quote

01-11-2024 , 05:10 AM

#52245

Good Money

journeyman

Join Date: Jun 2013 Posts: 294

Quote:

Originally Posted by SootedPowa

My UK ISA has CLSK, RIOT & MSTR. Plenty of proxies out there.

GBTC is not offered. ETF tickers currently not available (and although it hasn't started trading, I imagine they would be on there by now if they were to be offered).

Quote

01-11-2024 , 06:07 AM

#52246

SootedPowa

veteran

Join Date: Jun 2013 Posts: 3,427

Quote:

Originally Posted by Good Money

Yes fair point, miners microstrategy etc all fair game as would coinbase be. I meant more some sort of ETF or fund attempting to give a direct replica of the BTC price for investors. Even then my statement was probably too blanket as I have a recollection of a european country having BTC and ETH etf's available in the past (I think Sweden). For some reason I believe these are allowed in SIPPs in the UK but not ISA's. I don't know exactly why.

Very curious what will happen when I attempt to buy one of the USA etfs a in a couple of weeks inside an ISA.

Quote

01-11-2024 , 09:49 AM

#52247

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

Quote:

Originally Posted by jwv119

15,000 shares, it's a lot for me

Yes... you should redeem. Did you buy in at a discount? If so, you may be able to get out at par.... do it.

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01-11-2024 , 10:42 AM

#52248

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

Markets open...

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01-11-2024 , 10:44 AM

#52249

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,637

Quote

01-11-2024 , 11:11 AM

#52250

Hellmuth was right

Pooh-Bah

Join Date: Aug 2016 Posts: 5,816

I am not worrying too much about the fees, ive owned GBTC since it was trading at a 40% discount which has more than made up for any fees that i have paid them, and i'd have to pay a bunch of taxes if i sold so i am just sticking with GBTC. BTC is either going to the moon or going to zero the fees are not going to make or break anything.

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