Bitcoin ETFs Ranked and Explained [2024]
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- čas přidán 17. 07. 2024
- Ranking and explaining the best Bitcoin ETFs in 2024. There are lots of BTC ETFs to choose from, but they aren't all created equally. There are some that are great, and others that you should avoid like the plague.
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The Best Bitcoin ETF 0:00
The Fees 1:10
Custodians 2:02
Who has staying power? 3:40
The Top Four 5:17
The Best ETF for You 6:45
Predictions 7:44
Such a well done video! I'm personally more of a cold storage guy, but now I know what ETF I can recommend to others!
Cold storage is the way 😎
so helpful. thank you
Happy to help :) What did you go with?
You always have the best quality content, thanks!
Happy to help Jon 😁
Hey Rhett I know you like buying at strike but how do you feel about their fee changes? Can you do an update video?
I like using coinbase because the fees are lower (even on mobile w advanced trade) and I can set limit orders with the api
Strike is good for quick small stuff but I don’t think those kind of neo-bank wrapper apps will ever be more competitive long term vs exchanges
Writing a video now to explain more detail but prob won’t be out for a month or so :/
Blog post probably in 2/3 weeks
good video, more please
More coming 😎😎😎
The best breakdown ever! You just earned a new fan/subscription my dude!
Thanks bruv 🙏 happy to help lmk if you wanna see any other videos
I’m with you brother, FBTC all the way!
The best 🚀🚀🚀
ETFs are not "just Bitcoin pricing exposure". It is Bitcoin. The ETF is spot. They do hold BTC to back the ETF quotas.
It's not Bitcoin - it's an IOU for the current fiat price of Bitcoin. You can't take Bitcoin out of the ETF and use it to pay for coffee.
@@RhettReismanI’ll stick with ETF…at least FBTC has self custody. I’ll stick with it and dumped GBTC with their ridiculous fee.
Btw Michael Saylor said the gold rush for Bitcoin is now and it will end in 2034. So we still have 10 yrs left.
I went with Cathie simply because ARK cut up their pie into one thousand slices; I can look at the price of bitcoin and know exactly how much my slice of btc etf is worth ($60,000 btc = $60/share, unlike others whose share might be $57..25 or somesuch).
That’s an interesting fun fact, pretty cool
Good thing about ETF’s is that they are insured with SIPC insurance.
Good point but I doubt it covers counterparty risk with the custodian. My understanding is it would protect you from the holder of your shares losing the shares (ie. Schwab goes out of business) and not the bitcoin custodian losing the bitcoin (ie. Your Blackrock etf goes to 0 because it was all custodied at Coinbase and Coinbase lost the keys)
I’m not an expert though - would be interesting to talk to someone with more experience on the topic
@@RhettReisman yeah I wouldn’t have to worry about that because I bought FBTC and they have their own Bitcoins and not with Coinbase.
Bitwise is the only one providing proof of reserves by making their addresses public. Until the others do the same, it’s only one I’m buying.
Good choice 👌
If you listen to Gary Gensler interviews, he has stated pretty clearly that Bitcoin was the only crypto that had potential for an ETF being that it’s an asset and not a security. I agree with you, ETH is definitely a security and will not have an ETF approved
Yeah don’t see it happening anytime soon unfortunately for ETH holders
Hi Rhet
Very timely excellent video. I have GBTC in my IRA and I want to swap it into the Fidelity and Blockrock ETFs. Would I lose any underlying BTC by doing this?
@@marty590 no, a negligible amount of anything as long as you do it quick
@marty590 Would be a very small amount due to slippage if any. Not sure what your specific tax situation is though.
No fees at FBTC till July
Party time 🥳🥳🥳
Black rock eth etf will be approved aug 8 I believe
I doubt it, but you could be right
I have FBTC, ARKB, and BITB. I have mostly FBTC. I like ARKB’s pricing. It looks like 1,000 shares of ARKB = 1.0 BTC. I had some IBIT, but I hate BlackRock’s diversity and climate change malarkey.
Agree on BlackRock
#bito
Valid
EZBC ALL THE WAY
1) what
The best BTC ETF aren't on this list 😀
What’s the best one
hodl
Preach 🫡