Over here in Brazil some funds are allowed to hold Bitcoin and still be traded at our brazilian exchange
But why would I buy the ETF if I can buy the real stuff right?
Over here in Brazil some funds are allowed to hold Bitcoin and still be traded at our brazilian exchange
But why would I buy the ETF if I can buy the real stuff right?
There are several reasons why anyone can prefer to buy the ETF instead of the Bitcoin itself. If you have Bitcoin, you are dependent on Bitcoin for profits. If you buy this ETF you are not dependent on Bitcoin, but you are dependent on other investors to make a profit. And no matter if Bitcoin goes up or down, your ETF can still appreciate in value because another investor does believe in the future appreciation of Bitcoin.
That's just one example why someone would prefer to buy an ETF instead of Bitcoin.
Another reason is that this is traded on Nasdaq and you don't have to learn about everything crypto related ... while you really need to learn about crypto when you buy the real thing.
You can't lose access to your funds when you buy this ETF, when you buy BTC and lose your keys ... you lost all.
Just to name a few ...
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I totally agree with the last point. I am not a crypto maximalist (sorry if I sounded like that) but I have friends who are and cringe when someone saves money at a bank.
The traditional banking have that clear advantage that you do not lose access to your assets. I always say that this is an advantage so each has their pros and cons!