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Thread: BITO futures ETF

  1. #1
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    Default BITO futures ETF

    Anyone else pull the trigger on this?

    I placed a large order today

    https://ca.yahoo.com/finance/news/fi...201637710.html
    Last edited by 89coupe; 10-20-2021 at 08:54 AM.

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    what could possibly go wrong?

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    I dont understand how this Bitcoin ETF is different from the bitcoin and ethereum etf's that already exist. For example I hold BTCC.U and its up 63% since I bought it and there are others. But in the states they are treating this like its the first bitcoin ETF.

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    This seems like a bad decision. The fund doesn't hold bitcoin but futures contracts.

    Why not hold the underlying asset on a quality exchange or even better for the less technical BTCC.U

    I entered into my last significant position around $6 and wouldn't be doing so as we sit at an ATH even though I expect it to increase.

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    Quote Originally Posted by Buster View Post
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    what could possibly go wrong?
    No guts, no glory.

    https://ca.yahoo.com/finance/news/fi...201637710.html
    Last edited by 89coupe; 10-20-2021 at 08:54 AM.

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    Right at ATH but all good next stop 70k, then 100k, and then 168k and beyond!
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    To the moon!

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    Crazyness. But the real question is: How many nickels will that buy?
    Cocoa $11,000 per tonne.

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    Rocketparty.png
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Coupe buying ATH makes me feel better about the short I have open

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    My kids are drinking pop and shorting btc

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    Quote Originally Posted by Buster View Post
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    My kids are drinking pop and shorting btc
    Must be poor parenting
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by nzwasp View Post
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    I dont understand how this Bitcoin ETF is different from the bitcoin and ethereum etf's that already exist. For example I hold BTCC.U and its up 63% since I bought it and there are others. But in the states they are treating this like its the first bitcoin ETF.
    BTCC.U is Canadian only is it not? Whereas this is on the NYSE which means a much bigger market.

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    I’ll check on it in 5 years.

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    Quote Originally Posted by Buster View Post
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    My kids are drinking pop and shorting btc
    That's worse than spanking or telling them they're straight.

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    Should probably be shorting AAPL.
    Cocoa $11,000 per tonne.

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    Quote Originally Posted by 89coupe View Post
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    I’ll check on it in 5 years.
    What is the # now that you factor in btc? 7.2 didn't include btc right? and we know btc going to 500k usd sooo
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    Quote Originally Posted by max_boost View Post
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    What is the # now that you factor in btc? 7.2 didn't include btc right? and we know btc going to 500k usd sooo

    Just diversifying.

    A lot of high level banker friends say Bitcoin is the future.

    Who knows, just planting seeds here and there.

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    Do your banker friends work at Neo or something lol
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by 89coupe View Post
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    Just diversifying.

    A lot of high level banker friends say Bitcoin is the future.

    Who knows, just planting seeds here and there.
    Me too! Don't forget Ethereum

    - - - Updated - - -

    Quote Originally Posted by killramos View Post
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    Do your banker friends work at Neo or something lol
    Can they beat the Spy? lol
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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