The Best Bitcoin ETF to Buy & One to Avoid
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- Опубликовано: 14 июн 2024
- Learn all about the best Bitcoin ETFs and which one to avoid in this major update video! Discover the top performers and the key indicators to look for when choosing a Bitcoin ETF. Find out why investing in these ETFs may be a better option than investing directly in Bitcoin. Don't miss out on the two major upcoming events that could impact Bitcoin prices - subscribe now for all the details!
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#btc #bitcoin #bitcoinetf #bitcoinetfs #etf #etfs 
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Great research! Thank you, Sir.
So nice of you
Thanks! Always great videos!
So happy you found some value in it. Thanks so much for the comment
Great Information thanks
Brian Thanks for your great presentation
My pleasure!
Please allow me to ask. When comparing ymax to cony, which one is more interesting? Please advise with reasons. Thank you
wonderful video, thanks a million
You are welcome!
Love your videos very easy to digest and I love your future looking investing style it aligns perfect with mine. The market is forward looking and potential alone drives prices up on futuristic equities. Great stuff.
I appreciate that! Thank you so much for your comment
I do appreciate your knowledge Brian!!! I will be watching you more.. thanks!
Thank you, I appreciate it. I hope I have future content that you enjoy.
you're awesome just the facts
Thank you for your comment, I truly love when others appreciate my style and approach of sharing information.
Thank you
You're welcome
Thank you for the good information. I bought into IBIT when it 1st went public. What are your thoughts on the grayscale trusts such as ETCG, Ltcn, and Bchg.
I think that's a personal choice on the other funds/trusts. The expense ratios are wildly high on those. I think it may be worth waiting until it goes public, similar to the Bitcoin version.
Thank you so much Brian for making videos on Bitcoin ETF. Great insightful knowledge
My pleasure!
Very informative video - and the no-strings spreadsheet is a great bonus. Thanks!
Glad you enjoyed it! I try to provide spreadsheets to most of my videos. No strings attached.
One more question: Are all these ETFs taxed as trusts? (Some ETFs like GLD or DBC are taxed in a more complicated way than SPY. For example, PDBC is billed as a version of DBC but with "no K1 partnership forms"). Do any of these Bitcoin ETFs avoid that "Trust taxation" headache? Would be helpful to know that - because I try to avoid Trusts outside of an IRA. Thanks!
I can’t find the list mate ?
Which are your top picks ?
Excellent video thanks
Thanks for the note. The linked spreadsheet is in the description.
Very interesting video Brian. Thank you for the insight. Can you please next time cover on how to invest in coffee beans commodity.
I'm researching coffee and chocolate, which happened to be two areas I used to manage in the corporate world. It may not be as cut and dry for investing. But I will be looking into it
Should we consider a buy into RIOT or similar stock?
CLEANSPARK is the new RIOT.
What's your take on BITO which is a bit of a hybrid for Bitcoin? Its returns pretty much match IBIT since IBIT was started and it touts a nice dividend yield around 15%. The expense ratio is quite high at 0.95%, but with the ETFs goal to match the return of Bitcoin and with the extremely high yield, seems like a pretty good option in relation to Bitcoin ETFs. What do you think?
I agree the dividends have been huge I couldn’t be happier with my position on Bito 💪.
I hold IBIT in my Roth IRA and standard Bitcoin in my brokerage account
Very smart, and well done. I hope it treats you well
Brian, if we buy and hold our own Bitcoin with Coinbase is it safe there or should we be holding it elsewhere after purchase?
I currently hold my Bitcoin with coinbase and also with Robin Hood. I trust them as best I can. But to be honest I don't trust any one group to hold any of my investments. And that's why I'm using two entities
@@BusinessWithBrian thank you for the reply Brian.
I recommend transferring your Bitcoins to cold storage wallet after purchase.
Take it cold storagr
I have 4% of my capital in IBIT. Crazy how volatile it is but I'm not going above that allocation for the sake of my sanity.
Very smart. I'm not putting any more in either.
alooooooooooohaa!!
hope all is well, just wondering im getting into selling covered calls, if possible could you do a video on best stocks to sell covered calls on a weekly basis with a price point below 50$ but still have some premium to make in them
please follow up
thank you for your time and consideration
have a great day
blessings
keith
Aloha, as well Keith! I plan to make a larger video on covered calls and options tradings. I'll have to do a lot of research before I can start to give more consistent updates. I absolutely love your recommendation.
Would one of these be good to put in a UGMA for grandchildren?
Yes to a point. As I said in the video I have a personal rule for myself that I only have up to 5% of my portfolio with Investments like this.
Are ETFs (IBIT, FBTC) good enough for long term 15-20yr?
Self Custody always gives me heart attacks.
The thing is they're completely new, I don't know if there's a right answer for that. That's why in the video, I stated I'm only willing to invest a small percentage in case I lose it all
Brian. New subscriber here. I just did my taxes and they asked if I owned any bitcoin. (When are they going to start asking if I own any gold?) Technically I don’t own Bitcoin directly, but I would own it indirectly if I buy a Bitcoin ETF, but that’s my understanding, not necessarily the IRS’s opinion.
Question: if I buy (and OWN)a Bit coin ETF, can I still legally and honestly say “no” to that snoopy IRS question or do I have to answer “yes?”
Same question if I SELL a Bitcoin ETF?
That is a great question. I rely on an accountant for tax guidance. I don't have the knowledge or experience to give you a good answer. I believe we will still need to report buying and selling of Bitcoin etf. But I would expect tax professionals and the software to help guide us next year, since the Bitcoin ETF is relatively new.
@@BusinessWithBrian As a CPA, I pray to god that the IRS and every govt around the world eliminates capital gains taxes on commodities in the future. The govt is the one who is printing so much money making it go up in the first place.. Also, the govt wants their cut of your appreciated assets even if they appreciated it. Easiest line in tax code is what is taxable income "all income derived from all sources is taxable unless otherwise excluded". Pray that appreciated bitcoin and bitcoin ETFs get excluded along with gold and land etc.
You looked like a hero when you recommended SMH, QQQ, VOO, etc. earlier this year. Unfortunately, it looks like the fully loaded train is now running off the tracks at a time when the small investor is fully invested. SMH is DOWN 10% this week. I see a lot of tears ahead for bag holders. Very few if any own any commodities which is outperforming equities this year.
That's the beauty of the market, we all know it goes up and it goes down. But overall, it is net positive for the long term.
Hmmm - you CAN buy BTC in an IRA? I'm ALL ears, please tell me more😊
I'm hoping to get the video out on how you can invest in Bitcoin and real estate with your IRA in the near future
😂 shiiiiitake mushrooms were the best 🤣 informing to know Brian is only 5% on Bitcoins / Alternative investment...i wonder if Brian has a video about his portofilio composition?
I'm in the process of making a video where I will be sharing my percentage breakout. It should be available next week or so
Sorry, 2 weeks out
Hi
Hello
@@BusinessWithBrian how are you doing?
Thanks for sharing your research on these ETF's. I still have a hard time thinking of BitCoin as an asset when, other than owning it and hoping it goes up, the banking system does not recognize BitCoin. Furthermore, BC is largely unregulated so corporations cannot put it on their balance sheets. Lastly, what can you buy with BitCoin?
I welcome your comment. But as I stated at the beginning of the video, my point is not to discuss the viability of bitcoin. My point is to provide the most facts I can about the available ETFs to invest in it.
@@BusinessWithBrian Understood.
Vanguard does not allow you to purchase any Bitcoin ETF.
I TRUST CAPITAL
There are much cheaper options. I'll be providing a couple in a couple weeks that don't have any fees tied to transactions.
When etf buyers realize the potential of bitcoin, they will likely, very quickly, sell etf and buy bitcoin directly in no time. Nevertheless, i agree shitake is awesome
ETF is good enough for us dummies
@@summerbreeze5115 No need for me to argue. Everyone has freedom to choose. Please don't underestimate yourself though. Nobody can be dummy forever, if they chose not to
@@pnc1358
What are the biggest drawbacks of an ETFs?
I think they'll be around for 10-15yrs
@@summerbreeze5115 You buy gold and you have that real shiny rock to keep at your place with your own responsibility
VS
You buy gold but you decide to let somebody look after it for you instead, until you change your mind and you hope he still keep it all for you
That guy can be trustworthy enough for many many centuries but never say never
Two main drawbacks of an etf. Trusting someone else to manage and hold the Bitcoin. The second is the fees. There should never be fees on single commodity ETFs (my opinion).
-3:45 like your content but sounds like Ponzi scheme
I appreciate your candor. The term Ponzi has legal meaning, and this does not fall within that definition. It is an investment, and it requires a person to have an LLC to run their own business on amazon. And all Investments carry risk. I am personally kicking the tires with it to see how it goes. So far, it has been a bit slow to get started. And I just started making sales on Amazon today. But time will tell. I do plan to provide updates in my newsletter so people know if it's is going well or not.
Shitake mushrooms 🍄🤣🤣
The moment you talked about Bitcoin. I decide not to subscribe your channel as you are not qualified to give financial suggestions.
lol old heads
I don't give advice, I provide the facts in order for people to make the best decisions for themselves. And that's exactly what I did in this video is to provide the specific facts and details for people to research their options more. Sorry to see you go, but.......
@@BusinessWithBriani like it. Subscribed.
You will most likely eat those words
What is that supposed to mean. You can’t keep thinking bitcoin is fake when the market cap is 1.2 trillion