Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
Best Places To Buy Bitcoin (2022):
https://www.youtube.com/watch?v=H3gdqpyFw48&ab_channel=TraderUniversity
Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/
Join the Trader University email list:
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In this video, I discuss the Grayscale Bitcoin Trust (GBTC), as well as Bitcoin ETF's like BITO, BITI, and BTCC.
GBTC could be a good investment if the price of Bitcoin remains constant or goes up, assuming that the discount doesn't widen, and also assuming that the discount contracts enough to offset the 2% annual management fee. That being said, you are still heavily reliant on Grayscale's operations, Coinbase Custody, and Coinbase Custody's insurers.
BITO and BITI are futures-based ETFs, and as such are subject to weird contango effects. Holding BITO exposes you to large negative carry, while BITI exposes you to Bitcoin melt-up risk.
BTCC is a Canadian Bitcoin spot ETF. Like other products, it offers you "paper Bitcoin" or a "Bitcoin IOU." There is counter-party risk and custodian risk, which you can avoid by buying BTC itself and holding it in cold storage.
Not investment advice! Consult a financial advisor.
Grayscale Bitcoin Trust (GBTC):
https://grayscale.com/products/grayscale-bitcoin-trust/
GBTC discount on Bitbo:
https://bitbo.io/
GBTC discount/premium chart:
https://ycharts.com/companies/GBTC/discount_or_premium_to_nav
Grayscale suing SEC:
https://www.cnbc.com/2022/06/30/grayscale-sues-sec-after-rejected-bid-to-turn-bitcoin-fund-into-etf.html
Coinbase Custody:
https://www.coinbase.com/custody/faq
BITO ETF:
https://www.proshares.com/our-etfs/strategic/bito
BITI ETF:
https://www.proshares.com/our-etfs/leveraged-and-inverse/biti/
Bitcoin futures settlement prices:
https://www.cmegroup.com/markets/cryptocurrenci..
