[Fabrice M]

Originally Posted by huncho

just to be clear, it's not a promise etf, they're all actually gonna buy btc for every dollar that flows in. robinhood's crypto is based on a promise, they don't hold nearly enough crypto to pay everyone out and that's why when you buy crypto there you can't withdraw it, because it doesn't actually exist. i assume if there's a run on them they'll have to go panic buy everything on the market

etf fees are below. coinbase pro has a max of 0.6% while their retail app charges 1.5-3%. the etf is the way to go for casual investors because there are too many headaches and too much paranoia involved in safely holding your own btc, especially if it's a significant amount

Bitwise (BITB) 0.0% (after first six months: 0.2%)
ARK Invest/21Shares (ARKB) 0.0% (after first six months: 0.21%)
Invesco Galaxy Bitcoin ETF (BTCO) 0.0% (after first six months: 0.39%)
iShares Bitcoin Trust (IBIT) 0.12% (after first 12 months: 0.25%)
VanEck Bitcoin Trust (HODL) 0.25%
Franklin Bitcoin ETF (EZBC) 0.29%
Fidelity Wise Origin Bitcoin Trust (FBTC) 0% (after July 31, 2024: 0.25%)
WisdomTree Bitcoin Trust (BTCW) 0.0% (after first six months: 0.3%)
Valkyrie Bitcoin Fund (BRRR) 0.0% (after three months: 0.49%)
Hashdex Bitcoin Futures ETF (DEFI) 0.94%
Grayscale Bitcoin Trust (GBTC) 1.5%

ETF is the way to go, easier and safer... Decided to go with Blackrock#IBIT