Why should I NOT buy the ETF vs BTC?
Why should I NOT buy the ETF vs BTC?
I have been buying btc in small amounts, I see all the benefits of the upcoming ETF such a being able to hold in tax advantaged accounts or not having to get hacked/lose btc. Because of this, I’m leaning towards directing most of my btc spending on the ETF.
Are there any disadvantages to buying the ETF over BTC?
A lot of people here will say “decentralization”, “original meaning of crypto” and so on, but in reality a majority of us are all here to make money.
With that being said, an ETF is the absolute best way to hold BTC or any crypto for that matter (hoping for ETH ETF soon). It protects you from hacks, tax advantages, easy accounting, and is backed by multi-trillion dolllar companies.
It’s a no brainer for anyone who has access to it and wants to invest in crypto.
I have a feeling the ETF is already priced in and everyone is going to be disappointed when nothing major happens.
Here are my thoughts
Disadvantages of ETF:
- No ownership
- Muh’ freedom
- Management fees
Advantages of ETF:
- Don’t have to manage it and worry about self-custody
- Don’t have to worry about hacks
If you hold for long periods. 1 BTC will stay 1 BTC. ETF holding 1BTC will slowly be less than 1BTC as the etf provider takes expenses out of the fund.
But if maybe efficient instrument for shorter periods and easier to access and trade