iShares Bitcoin Trust ETF (IBIT) Quote

ETFs popping up on crypto constantly, here are a list of the Top or bigger ones.

https://etfdb.com/etfs/currency/cryptocurrency/

Correlation between IBIT and BITO is 1 so there shouldn't be much of a difference in volatility https://portfolioslab.com/tools/stock-comparison/IBIT/BITO
I'm not a day trader so I can't speak to trade by trade volatility between the two.
I guess anyone buying BTC directly or indirectly would be reducing the availability, last time I checked ETF's were holding about 4% of global supply

I would tend to think BITO is good for day and swing trading and comes with volatility. Technically not reducing the amount of BTC as it is not a spot ETF and has management fees. Direct investment in IBIT is reducing the available BTC while giving you an indirect/direct hand in BTC. I am assuming....

This would be the appropriate time to talk about contango and futures...
BITO= futures contracts
IBIT= BTC spot price

BITO has a dividend yield of 15.64% and paid $4.62 per share in the past year. The dividend is paid every month and the last ex-dividend date was Apr 1, 2024.

i dont know anything about BITO, since you loaded some, what are your thoughts and reasons behind it? All i know is IBIT is very stable and not impacted by derivatives, yet that i know of.

Can you explain the difference between BITO and IBIT for me trunk? Ive loaded some BITO and have a ton of GBTC I bought many years ago. What do you see as an IBIT advantage over BITO?

Adding more!!

If u don’t know what this means, u should find out. They have to go somewhere now that China and other Sovereign’s are not buying them. Something I now have to watch for in auctions. Crypto as a sector are all tied together. Very clever people in deep state Country Clubs.
https://www.zerohedge.com/crypto/demand-blackrocks-buidl-means-over-1bn-us-treasuries-have-now-been-tokenized-chain

Nice trade

Added 35.53 on this pullback, damn near LOD

Thanks for sharing

HOW BITCOIN AVOIDS DEBASEMENT

Bitcoin offers a permanent solution to this issue. Its supply is capped at 21 million, a number that is hard-coded and safeguarded by proof-of-work mining and a decentralized network of nodes. Thanks to its decentralized nature, no single entity or government can control Bitcoin’s issuance or governance. Furthermore, its inherent scarcity makes it resilient to the inflationary pressures that are typically seen with traditional fiat currencies.

As a distributed system, Bitcoin users can ensure that the supply never deviates from the predetermined supply cap by running the software that downloads and validates the entire transactional ledger. By verifying every transaction in Bitcoin’s history, where every coin came from and where it went, users can be absolutely sure that the supply has not been debased and no coins were created that should not have been.

Full node software like this for Bitcoin is essentially a counterfeiting detection machine that anyone can run. It guarantees the supply is intact, that coins being spent were properly authorized, and no funny business is happening. Any Bitcoin wallet software can also ensure that no one can restrict your access to your own money.

In times of economic uncertainty, or when central banks engage in extensive money printing, investors often turn to assets like gold and bitcoin for their store-of-value properties. As time progresses, there’s potential for people to recognize Bitcoin not just as a store of value, but as the next evolution of money.

https://www.zerohedge.com/crypto/bitcoin-has-no-top-because-fiat-has-no-bottom-understanding-monetary-debasement

Support level next is 40.01, Resistance is 44.88. moving averages all say buy, Oscillators are mostly Neutral to Sell.

Hello IBIT good bye GBTC, management fees...
https://www.etf.com/sections/news/spot-bitcoin-etf-inflows-hit-one-day-high-over-1b

Bitcoin Has 6 Months Until ETF "Liquidity Crisis"

Ki: Bitcoin bears “can’t win” while ETF flows continue

Bitcoin as an institutional investment allocation is only just getting started, industry participants have said, as United States-based spot Bitcoin exchange-traded funds (ETFs) gain momentum.

Now holding nearly $30 billion, they have become the most successful ETF launch in history.

Mar 14, 2024
https://www.zerohedge.com/crypto/bitcoin-has-6-months-until-etf-liquidity-crisis

https://cms.zerohedge.com/s3/files/inline-images/bitcoin%20holdings.jpg?itok=OEw9bcvD

YEP.........but you have to check continually......+/- about .20¢.....but so far its pretty close......it serves no purpose other than to 'check' IBIT vs BTC

So 1 share of IBIT roughly equates to .0005697 of 1 BTC

IBIT Nears 200K Bitcoins With Latest Purchase
https://finance.yahoo.com/news/ibit-nears-200k-bitcoins-latest-120000649.html?fr=sycsrp_catchall
Wall Street big boys now own over 4% of the global supply of BTC

I’m nearing 100% paper profit. Everyone is buying!

good group here!......I used to be really kean on IHUB back when! got fed up the arm chair quarterbacks with no skin in the game

multiply it......btc price x .0005697.......and you'll come up with the IBIT price +/- .20¢ or so.........i'm gonna be in it a while and sometimes i wont be at my computer and its a good way to double check pricing

Gotcha so dividing IBIT price by BTC to come up with the multiplier

Squid.........I used the multiplier to make sure that movement is on an equal basis........0005697 is the multiplier .......right now using 72,561 x 0005697 = 41.33 and the actual is 41.48.....and that's close enough for me.....lets use 100,000 x .0005697=56.97.........using 150,000x .0005697=85.45.......or thereabouts........again, close enough for me.....I think that muliplier is carried out more numbers than i care to put in......lol .00056975625 or whatever......

All out of MARA........Adding IBIT AND BITO 35's dated 4/26

looks like a bunch of pinky players sometimes

ok thanks......we'll put it on the calendar

SEC pushes back decision to open up options trading on spot Bitcoin ETFs
https://cointelegraph.com/news/sec-delays-spot-bitcoin-etf-options-trading-decision

Mike too many whackos in crypto. I just float, and won’t be telling anyone my trades. I will say this ETF is one of the more safer ones. Never ever throw your pearls among swine, lest they trample on them.

lol, old age has taken its toll, somewhat..........you've been in this for a while?

I like the way u think Mike. It’s a good sign of good investment wisdom. If u don’t have tools u may end up like the fools.

The multiplier for IBIT is .0005697 x BTC price of 68,895....+/- .20¢ and you'll get IBIT price

actually if you want to carry it out all the way its : .00056975625

gonna be here for a while, thanks......hopefully, they'll have options up the road, too

welcome

ok we're in there, first buys 38.88 avg........hopefully, my kids & grandkids will cash out, lol

Will my bitcoin get erased during a solar flare or EMP?

call it 38.79 so far, BTC 68k.

some folks just pump, i am a technical and fundamental guy, crypto folks dont like anyone that understands either, they always post abstract useless info. Im glad this board is not full of them, and like it small.

55% in 5 weeks, I'm happy with the entry point thanks.

What's odd is your buddy doesn't know the difference between a futures ETF and a spot ETF maybe you can fill him in.

Relatively overvalued? That's not how open ended funds work, it's called trading at a premium. A few reasons why it currently trades at a premium
but I'm sure you know that

Not sure how you can correlate the # of posts here to interest in IBIT, check out how much Bitcoin BlackRock owns.

Have fun trolling, lmao

Hey.....Excellent trade entry there Snr. Squidster but

Wow......Only 79 posts on IBIT Board thus far. and almost all of 'em just only by you an the trunkster ?......

Why, shouldn't that strike one as being rather odd ?


Anyways, this is what IBIT would look like if it had a longer history











But what I don't get is........






Shouldn't thoses ETF's currently be hovering slightly BELOW Bitcoins' ATH ?




I wonder if it's possible for the ETF's to become "relatively" overvalued.........


Or relatively "over-pumped".......


Judging fro the lack of posters here on this board AND the low volume seen in the Canadian Spot , neither of the SEEM ro be overly flushed with investor interest....



If YKWIM



.

The correlation between IBIT and BTC will get closer to 1.0 as IBIT gets older.
https://portfolioslab.com/tools/stock-comparison/IBIT/BTC-USD

call it 38.9 so far, BTC 68.8k.

BlackRock and Fidelity Capitalize on FOMO From Bitcoin ETF Mania
https://finance.yahoo.com/news/blackrock-fidelity-capitalize-fomo-bitcoin-133000061.html

Soon to be the largest spot bitcoin ETF
https://seekingalpha.com/news/4074824-blackrocks-spot-bitcoin-etf-exceeds-10b-in-aum
🤘🤘🤘

Black rocks, ETF! $IBIT LETS GO!

Jumped in 30 days ago IBIT transferring wealth, to me.
Luv it!

Anyone that bought shares here before February 23 is up.

32.6 so far today, BTC 57.25k

https://www.investopedia.com/spot-bitcoin-etfs-8358373#:~:text=Investors%20can%20invest%20in%20spot,discovery%20in%20the%20bitcoin%20market.

https://blockworks.co/bitcoin-etf