Quick Bitcoin "Spot ETF" Comparison ($BTC.X $MSTR $GBTC $BITO)
Still as expected.
MSTR
is a bit of a leveraged play...
BITO
(so far) is still working out as the most pure spot play... and OTC:GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL
Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement?
In my opinion, BITO is probably the smart choice for tax advantaged IRAs etc.
Otherwise, just buy and hodl the actual coins in your cold wallet.
Will revisit down the road. Good luck!
MSTR
is a bit of a leveraged play...
BITO
(so far) is still working out as the most pure spot play... and OTC:GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement?
In my opinion, BITO is probably the smart choice for tax advantaged IRAs etc.
Otherwise, just buy and hodl the actual coins in your cold wallet.
Will revisit down the road. Good luck!
Comment:
Just to note, chart is from when $BITO first started, October 2021, for an equal % comparison.