5 ms·

Looks like these are the 11 tickers? Bitwise (BITB) ARK Invest/21Shares (ARKB) Invesco Galaxy Bitcoin ETF (BTCO) iShares Bitcoin Trust (IBIT) VanEck Bitcoi

Looks like these are the 11 tickers? Bitwise (BITB) ARK Invest/21Shares (ARKB) Invesco Galaxy Bitcoin ETF (BTCO) iShares Bitcoin Trust (IBIT) VanEck Bitcoin Trust (HODL) Franklin Bitcoin ETF (EZBC) Fidelity Wise Origin Bitcoin Trust (FBTC) WisdomTree Bitcoin Trust (BTCW) Valkyrie Bitcoin Fund (BRRR) Hashdex Bitcoin Futures ETF (DEFI) Grayscale Bitcoin Trust (GBTC)

mFixman 3y ago
What's the difference between those 11 tickers? Shouldn't all of them go up or down the price of bitcoin plus/minus a very small error rate?
- shagymoe 3y ago
  Probably fees, but that's true of the many S&P 500 funds also.
paulpauper 3y ago
Weird how the price went to 48k on fake news, with the potential to go even higher until revealed to be fake, but only 47k on the real news?
- x3n0ph3n3 3y ago
  I suspect a lot of people corrected their trading bots after the fake news yesterday, so they didn't trade on today's news.
- gruez 3y ago
  priced in, probably.
  - fsckboy 3y ago
    well, or it's tied into all other segments of the economy and those segments have moved up and down due to their own economic forces, and markets balance that with prices. for bitcoin to move up or down $1000 a day has a variance: call me when we're outlying
- bagels 3y ago
  I think a lot of people didn't buy the "hacked" explanation for the tweet that went out. Much more likely to have been an early release.
  - xwolfi 3y ago
    Imagine you were leveraged long ETF news, then the fake news started then descended in liquidation,your long leverage has been closed and you have no more money to buy now. That fake news cleaned up a lot of leveraged bets up and down.
- bboygravity 3y ago
  > Weird how the price went to 48k on fake news, with the potential to go even higher until revealed to be fake, but only 47k on the real news? It makes sense if you figure that the ETF is probably just another FTX-like scam (except now by competitors of FTX who are even better at regulatory capture). All it means is that you now have a security that tracks Bitcoin's price, but is probably backed by very little actual Bitcoin. TLDR: money is going to flow out of real Bitcoin and into this fake Bitcoin ETF causing the price of real Bitcoin to go down eventually. That's without even considering insane possibilities of naked shorting by a certain owner of a certain large hedge fund that is co-owner/founder of this ETF and also owner of the US's largest market maker.
  - deleted 3y ago
    [deleted]
- sjducb 3y ago
  I think investors were spooked by the hack. The tweet situation was so unprofessional that they thought “something is wrong, ETF launch will be delayed by months”
treffer 3y ago
Most of then operate in Europe already. I am personally holding some already (3 for an extra risk split). Most of these old ones seem to be listed in Germany and Paris.
- tutfbhuf 3y ago
  "3 for an extra risk split" I guess in the end they are all fully dependent on Coinbase.
  - treffer 3y ago
    Buying is pretty irrelevant, the Custodians are relevant. One if them lists BitGo as their custodian. So nop, doesn't look like it.
gigatexal 3y ago
The blackrock one is missing?
- zubairq 3y ago
  iShares is blackrock

mFixman 3y ago

What's the difference between those 11 tickers? Shouldn't all of them go up or down the price of bitcoin plus/minus a very small error rate?

shagymoe 3y ago
Probably fees, but that's true of the many S&P 500 funds also.

paulpauper 3y ago

Weird how the price went to 48k on fake news, with the potential to go even higher until revealed to be fake, but only 47k on the real news?

x3n0ph3n3 3y ago
I suspect a lot of people corrected their trading bots after the fake news yesterday, so they didn't trade on today's news.
gruez 3y ago
priced in, probably.
- fsckboy 3y ago
  well, or it's tied into all other segments of the economy and those segments have moved up and down due to their own economic forces, and markets balance that with prices. for bitcoin to move up or down $1000 a day has a variance: call me when we're outlying
bagels 3y ago
I think a lot of people didn't buy the "hacked" explanation for the tweet that went out. Much more likely to have been an early release.
- xwolfi 3y ago
  Imagine you were leveraged long ETF news, then the fake news started then descended in liquidation,your long leverage has been closed and you have no more money to buy now. That fake news cleaned up a lot of leveraged bets up and down.
bboygravity 3y ago
> Weird how the price went to 48k on fake news, with the potential to go even higher until revealed to be fake, but only 47k on the real news? It makes sense if you figure that the ETF is probably just another FTX-like scam (except now by competitors of FTX who are even better at regulatory capture). All it means is that you now have a security that tracks Bitcoin's price, but is probably backed by very little actual Bitcoin. TLDR: money is going to flow out of real Bitcoin and into this fake Bitcoin ETF causing the price of real Bitcoin to go down eventually. That's without even considering insane possibilities of naked shorting by a certain owner of a certain large hedge fund that is co-owner/founder of this ETF and also owner of the US's largest market maker.
- deleted 3y ago
  [deleted]
sjducb 3y ago
I think investors were spooked by the hack. The tweet situation was so unprofessional that they thought “something is wrong, ETF launch will be delayed by months”

treffer 3y ago

Most of then operate in Europe already. I am personally holding some already (3 for an extra risk split). Most of these old ones seem to be listed in Germany and Paris.

tutfbhuf 3y ago
"3 for an extra risk split" I guess in the end they are all fully dependent on Coinbase.
- treffer 3y ago
  Buying is pretty irrelevant, the Custodians are relevant. One if them lists BitGo as their custodian. So nop, doesn't look like it.

gigatexal 3y ago

The blackrock one is missing?

zubairq 3y ago
iShares is blackrock