The Best Bitcoin ETFs To Buy

And why they matter.

January 11, 2024, saw the first trading day for the approved Bitcoin ETFs.

Yesterday, a couple of fellow Bitcoin Maxis asked me why anyone would want Bitcoin ETFs. And boy, I got one email after another from every exchange I have explored telling me why the ETFs are “bad” and reminding me I can buy “real” Bitcoin on their platforms.

This is what I expected for those of us who prefer self-custody. And, it might be hard to understand why the Bitcoin ETFs matter and to whom.

The issuance of the ETFs allows an entirely new group of buyers to finally get off the sidelines and into the crypto game.

Pension funds, investment funds, wealth managers, and the average person with an IRA or brokerage account through a large custodian. If you have been in the Bitcoin game a while, it might be hard to understand that many people were looking for some insurance (SIPC in the case of an ETF), and failures like FTX scared many people away from exchanges.

Try telling your father-in-law to buy Bitcoin and that he needs a wallet.

The ETFs make it very easy to have exposure to the spot Bitcoin market, with all the flexibility of buying, selling, and custodian insurance people are used to.

Yes, it’s not the same as holding your own Bitcoin and keys, but for many people, that isn’t a concern or rabbit hole they care to go down.

The reality is that the ETFs will bring a lot of new capital into Bitcoin. The first day saw over $4 billion in volume. I expect that to increase.

As I write this (1/12/2024), Bitcoin and the new ETFs are all selling off to the tune of 5% or so.

Don’t let the “sell the news” crowd slow you down.

Bitcoin is going to have a very big 2024 and beyond. The halving is in April when the block size goes from 6.25 to 3.125. Havings have historically been very good to Bitcoin. Combine the halving with the continued adoption of the ETFs, and the setup looks big.

Price predictions based on historical averages range from $95,000 to $250,000 by 2025.

If you are still on the sidelines and the ETFs make sense for you, given your investing style, some make the most sense for most people.

BitWise (BITB), ARK 21Shares (ARKB), and Fidelity Wise Origin (FBTC) all offer long fee-free introduction periods and top out from .20% to .25%.

This puts them in line with most low-cost ETFs that are actively managed. Both BITB and ARKB are using Coinbase as their custodian. This offers the buyer assurance of a regulated partner with top-tier security beyond the SIPC coverage an IRA or brokerage account provides.

There is no reason to pay 1.5% with Grayscale who is now asking you to pay for all the costs associated with converting their fund into a spot ETF.

I moved some cash into BITB this morning.

If the above price predictions come anywhere close to reality, now is the time to buy Bitcoin and Bitcoin ETFs!

A 5% to 10% allocation of your total portfolio to one of these vehicles could supercharge your wealth building in the coming year.

Thanks for reading!

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