Bitcoin ETFs Explained Simply

[@Jop_Kop]

Man it's nice to have a channel that keeps things logical, trough every hype and trend. No nonsense, just well substantiated views. Not hating, not pleasing, just astute content. Thanks

[@Nanalyze]

Really appreciate those kind words, thank you!

[@eddiegill]

I think the biggest benefit of having ETFs is financial advisors can now easily buy Bitcoin for clients and institutions can safely buy it without setting up cold storage

[@CH-dp7yi]

cold storage setup takes like

[@eddiegill]

@@CH-dp7yi and then the company needs to acquire the Bitcoin . ETF is a phone call

[@Nanalyze]

Liquidity and accessibility are two big advantages

[@Jop_Kop]

I invested in a set of limited edition air-guitars. Definitely not an infinite supply. A very good and trustworthy friend whom I never met in real life, advised me to do this. He's storing the physical air-guitars for me in his garage. Such a nice guy. I am now waiting for them to rapidly increase in value. He said this will happen soon because big whale price manipulators are going to buy up all the air-guitars soon.

[@Nanalyze]

HA! Underrated comment.

[@Nanalyze]

Are any still available? Would you be willing to consider a trade for some digital pictures of rocks? Joe P.

[@Jop_Kop]

Haha mr Pivarunas, Yes I still "have" them. I might do that, depending on how many zeros are in your binary image. I heard the more zeros, the more valuable your photos are. @@Nanalyze

[@eddiegill]

Fidelity is the only one that self custodies the Bitcoin . Grayscale keeps fees high because it’s customers are trapped. Most would face huge tax bills if they left fund.

[@Nanalyze]

One slide in the video shows the massive outflows from Grayscale which implies plenty of customers are exiting those high fees.

[@eddiegill]

@@Nanalyze they have $26 billion in assets and lost $600,000,000

[@CH-dp7yi]

​@@eddiegillfitting response :) btc is financial freedom some may say

[@Nanalyze]

@@eddiegill Good point. You always need to put numbers in context. That said, their investment vehicle is utter shite. Always has been.

[@vejoshiraptor]

What legal trouble is Bitwise Investments having? Are you confusing it with Bitwise Industries? Those are two separate companies and are not related at all. I couldn’t find anything to verify your passing remark about it.

[@Nanalyze]

Yes, thank you for pointing this out. We assumed it was the same entity due to the name, but you're right that this isn't the case. We take back our comment on Bitwise Investments, in this case. We still would prefer a highly reputable manager like ARK, Fidelity, or BlackRock.

[@TraderDT]

@@Nanalyze Thank u for setting the record str8 on Bitwise BTC.

[@BrentSchmurda]

Great channel, but having Coinbase hold your Bitcoin shows a clear lack of actually understanding BTC.

[@Nanalyze]

Cheers for the compliment sandwich ;) We've documented exactly why we've made that choice and you need to read the receipts before claiming we don't understand BTC.

[@pieguy49]

this is just describing a couple BTC ETF characteristics, nowhere are these assets really explained. what is going on mechanically for these assets?

[@Nanalyze]

Do dig further into the mechanics you'd need to assess each provider's methodology in detail. That wasn't in the scope of this presentation ;)

[@dariorocha6006]

Thoughts on Robinhood for crypto?

[@Nanalyze]

kzbin.info/www/bejne/aHyyf6Wvfpudi5o

[@EthernalSoul405]

Excellent video as usual. Just wondering if a Bitcoin ETF total value is supported by an equivalent Bitcoin holdings. If it’s not, aren’t the ETFs akin to gold ETFs that are not really backed by physical gold? In other words monopoly/paper money?

[@Nanalyze]

Spot bitcoin ETF - from all accounts we've read - means they hold the physical bitcoin. Oh wait, there isn't any physical bitcoin. You know what we mean though. ;)

[@dougiet.2112]

ARKA gave a massive dividend, but i can't find why online. 33%dividend. Do you know why?

[@Nanalyze]

That's rather interesting. And the price of the ETF dropped accordingly when that happened. Would need to take a closer look at the mechanics of the ETF to understand why.

[@EzraWildes]

Thanks!! Incredible info video as always. Do you use Coinbase, Coinbase Wallet or cold storage to store your crypto and why? Would love to hear more if possible

[@neel-uronchondi9339]

I have lost more than $128,000 worth of USDC on coinbase wallet! It happened in December 2021, still hurting me! After that i have been using hardware wallet. Better keep your assets in offline!

[@CH-dp7yi]

Coinbase fees are really high imo.And when you store them in your cold wallet the exchange doesnt matter imo :)

[@Nanalyze]

We use Coinbase for reasons we've documented in previous videos.

[@Nanalyze]

Their fees are very high, that's true.

[@jimmyburbank]

So if bitcoin doubles then would my bitcoin etf double as well if it’s the bitcoin only etf ?? Thanks

[@Nanalyze]

Assuming the fund is perfectly tracking BTC, then yes.

[@TraderDT]

Any idea how soon either of those BTC ETFs will offer options trading?

[@Nanalyze]

Not sure to be honest. Here are some thoughts on options trading ;) kzbin.info/www/bejne/qKLTYayvlNWlbNU Be very careful!

[@davidcunningham2074]

interesting you mention Ark because in the video next to yours Woods predicts that only 3 btc etfs will survive. Woods, a year or two back, was predicting that btc would go to million! That woman sails on regardless ignoring everything she ever said before!

[@Nanalyze]

Sounds like a good salesperson! ;)

[@elfwerks]

Awesome as always 👌

[@Nanalyze]

We appreciate that feedback. Consistency is important in this game!

[@JanCRT]

What happens if an ETF losses custody of the Bitcoin? Will an ETF still make investors whole???

[@Nanalyze]

Great question. Pretty sure a Blackrock or a Fidelity will. They have a reputation to protect. It's one of the reasons why you'd want to stick with a larger franchise.

[@BitcoinAndCryptoCurrency]

this is the money of the future

[@joepiv]

Anything else you'd like to add there Captain? Or is that all the wisdom we can expect for today?

[@azulsimmons1040]

I can see the possibilities with crypto, but so far it does not appear anyone is moving crypto to become a competing payment system. As far as replacing fiat currency, you can't replace fiat currency if you are being purchased with fiat currency and your value is based on circulating fiat currency. That whole thesis never made sense. I don't know how the Bitcoin community fell for that crap when they were literally purchasing crypto with fiat currency and the entire value of crypto was based on the ability of fiat currency users to buy more. How exactly does Bitcoin rise in value if no one has currency to drive its value up? And how does crypto replace fiat currency if it can't drive its own value up? It makes zero sense. So I bought coinbase for the crypto play because I could at least see how coinbase made money. If Coinbase eventually makes it easier to use crypto as a competing payment system with a lower transaction fee, then crypto will make sense.

[@Nanalyze]

You should have witnessed the El Salvador bitcoin debacle. We were there for it and it was about what you would expect. www.nanalyze.com/2021/09/real-story-bitcoin-el-salvador/

[@Nanalyze]

You need to be subscribed to this channel before reading the below comments. Sorry, we don't make the rules.👮 kzbin.info

[@AndyWarhol1962]

...Ark. Well, this doesn't help your good reputation.

[@Nanalyze]

Love them or hate them, ARK is the most successful thematic ETF in terms of total assets under management.

[@jefftube3987]

Clearly a main stream mentality on this channel. Complete lack of understanding of bitcoin. Bitcoin will dominate everything eventually, laugh at me now but cry later. Go listen to somebody like Michael Saylor whom they actually had the gall to criticize.

[@Nanalyze]

Ladies and gentlemen, a typical bitcoin cheerleader you'll find in the wild along with the sort of value you can expect them to bring to the table.

[@neuroperformance8803]

Eww

[@Nanalyze]

Yes