The Best Bitcoin ETF to Buy & One to Avoid

[@BusinessWithBrian]

🚨 Limits Express is taking on new investors - Click here to learn more: bit.ly/BWB_LimitsExpress

[@DividendMike]

Hey Brian. I saw you forgot to add BITO into the list. It is the most popular one. 💯

[@BusinessWithBrian]

@@DividendMike Since BITO is in futures, and not technically a fund of Bitcoin like the others.....then I did not include it. I hope that makes sense. I tried to keep it apples to apples for a comparison.

[@jollama]

I hold IBIT in my Roth IRA and standard Bitcoin in my brokerage account

[@BusinessWithBrian]

Very smart, and well done. I hope it treats you well

[@WeBeatMedicare6969]

I have IBIT in my Trad IRA…the account isn’t big enough to have a future tax problem but I think I will also open a position in my Roth IRA as well figuring both will have IBIT long term anyway

[@yoda6051]

Great research! Thank you, Sir.

[@BusinessWithBrian]

So nice of you

[@hunterdale3186]

Thanks! Always great videos!

[@BusinessWithBrian]

So happy you found some value in it. Thanks so much for the comment

[@claudeattam4517]

Brian Thanks for your great presentation

[@BusinessWithBrian]

My pleasure!

[@mikekipar]

Thank you for the good information. I bought into IBIT when it 1st went public. What are your thoughts on the grayscale trusts such as ETCG, Ltcn, and Bchg.

[@BusinessWithBrian]

I think that's a personal choice on the other funds/trusts. The expense ratios are wildly high on those. I think it may be worth waiting until it goes public, similar to the Bitcoin version.

[@dhruvtrivedi3519]

Thank you so much Brian for making videos on Bitcoin ETF. Great insightful knowledge

[@BusinessWithBrian]

My pleasure!

[@novelsandlattes]

SO I have to ask you though- What is the reason BITO wasn't even mentioned or considered?

[@amessenger3208]

@@novelsandlattes bito is a bitcoin futures etf, not a pure bitcoin etf

[@GTLyons]

I feel pretty good about my 3 ETF's EZBC FBTC and ARKB which I plan to sell at some point... while I hodl my actual BTC for my grandkids. Thanks, good vid👍

[@BusinessWithBrian]

Very nice!

[@AtlanRau]

Your grandkids will thank you from beyond the grave.

[@paulaskees8819]

Would one of these be good to put in a UGMA for grandchildren?

[@BusinessWithBrian]

Yes to a point. As I said in the video I have a personal rule for myself that I only have up to 5% of my portfolio with Investments like this.

[@TXTundra-ex8bw]

you're awesome just the facts

[@BusinessWithBrian]

Thank you for your comment, I truly love when others appreciate my style and approach of sharing information.

[@33Trem33]

Should we consider a buy into RIOT or similar stock?

[@SharkBaitR56]

CLEANSPARK is the new RIOT.

[@Blue-ChipzZ]

Please allow me to ask. When comparing ymax to cony, which one is more interesting? Please advise with reasons. Thank you

[@kickinwinghotboi883]

I just started the video so I

[@ppw350Zunit]

Really appreciate this video. Did some research prior to this video and was leaning towards the Fidelity ETF and this video makes my decision even easier.

[@mgarner008]

Did you go with the Fidelity ETF then? I am still in Grayscale and thinking of switching. I was thinking Fidelity or IBIT.

[@ppw350Zunit]

@@mgarner008 Waiting for the price to drop a bit more before I pick some FBTC

[@ppw350Zunit]

@@mgarner008 I will eventually go with Fidelity but still waiting for the price to drop a bit more before I pull the trigger.

[@ThatsHimThere]

I can’t find the list mate ? Which are your top picks ? Excellent video thanks

[@BusinessWithBrian]

Thanks for the note. The linked spreadsheet is in the description.

[@willmallory9085]

Thank you

[@BusinessWithBrian]

You're welcome

[@ecuador9911]

Brian. New subscriber here. I just did my taxes and they asked if I owned any bitcoin. (When are they going to start asking if I own any gold?) Technically I don’t own Bitcoin directly, but I would own it indirectly if I buy a Bitcoin ETF, but that’s my understanding, not necessarily the IRS’s opinion. Question: if I buy (and OWN)a Bit coin ETF, can I still legally and honestly say “no” to that snoopy IRS question or do I have to answer “yes?” Same question if I SELL a Bitcoin ETF?

[@BusinessWithBrian]

That is a great question. I rely on an accountant for tax guidance. I don't have the knowledge or experience to give you a good answer. I believe we will still need to report buying and selling of Bitcoin etf. But I would expect tax professionals and the software to help guide us next year, since the Bitcoin ETF is relatively new.

[@brent4073]

@@BusinessWithBrian As a CPA, I pray to god that the IRS and every govt around the world eliminates capital gains taxes on commodities in the future. The govt is the one who is printing so much money making it go up in the first place.. Also, the govt wants their cut of your appreciated assets even if they appreciated it. Easiest line in tax code is what is taxable income "all income derived from all sources is taxable unless otherwise excluded". Pray that appreciated bitcoin and bitcoin ETFs get excluded along with gold and land etc.

[@canadianwildlifeservice8883]

I bought FBTC but with a trailing stop loss of 25%. I'm new to this and not sure if 25% is right. Any suggestions besides "don't buy Bitcoin"?

[@timlangford8678]

One more question: Are all these ETFs taxed as trusts? (Some ETFs like GLD or DBC are taxed in a more complicated way than SPY. For example, PDBC is billed as a version of DBC but with "no K1 partnership forms"). Do any of these Bitcoin ETFs avoid that "Trust taxation" headache? Would be helpful to know that - because I try to avoid Trusts outside of an IRA. Thanks!

[@davidbrooks8809]

Great Information thanks

[@gurunguns06]

Thanks for sharing !

[@bigr2305]

Brian, if we buy and hold our own Bitcoin with Coinbase is it safe there or should we be holding it elsewhere after purchase?

[@BusinessWithBrian]

I currently hold my Bitcoin with coinbase and also with Robin Hood. I trust them as best I can. But to be honest I don't trust any one group to hold any of my investments. And that's why I'm using two entities

[@bigr2305]

@@BusinessWithBrian thank you for the reply Brian.

[@kanduekid]

I recommend transferring your Bitcoins to cold storage wallet after purchase.

[@Faketaxie]

Take it cold storagr

[@diyer1190]

so I should buy IBIT?

[@iam_adamfromearth]

Very insightful video! Thank you

[@BusinessWithBrian]

Glad it was helpful!

[@kavyashetty24]

Very interesting video Brian. Thank you for the insight. Can you please next time cover on how to invest in coffee beans commodity.

[@BusinessWithBrian]

I'm researching coffee and chocolate, which happened to be two areas I used to manage in the corporate world. It may not be as cut and dry for investing. But I will be looking into it

[@Gingerspicelife]

Excellent video! Very helpful. Concise and exactly what I needed.

[@BusinessWithBrian]

Great to hear! Thank you.

[@GomiBombs]

Love your videos very easy to digest and I love your future looking investing style it aligns perfect with mine. The market is forward looking and potential alone drives prices up on futuristic equities. Great stuff.

[@BusinessWithBrian]

I appreciate that! Thank you so much for your comment

[@Ck36154Raj]

Hello Sir Thanks How to invest in Bitcoin Spot Etf & Etheruem Etf??🙏🙏

[@Yaw_Jr]

Hmmm - you CAN buy BTC in an IRA? I'm ALL ears, please tell me more😊

[@BusinessWithBrian]

I'm hoping to get the video out on how you can invest in Bitcoin and real estate with your IRA in the near future

[@AtlanRau]

ROTH IRA -> BitCoin ETF --- TO THE MOON!

[@kendupre4161]

What about BTC at .15?

[@itsmePassport]

What about CRYP and EBTC and EETH

[@BusinessWithBrian]

Well.....as I mentioned, many new etf will come out after I launch the video. This was from a few months back. Things have changed.

[@Know_Your_Money]

What's your take on BITO which is a bit of a hybrid for Bitcoin? Its returns pretty much match IBIT since IBIT was started and it touts a nice dividend yield around 15%. The expense ratio is quite high at 0.95%, but with the ETFs goal to match the return of Bitcoin and with the extremely high yield, seems like a pretty good option in relation to Bitcoin ETFs. What do you think?

[@michaelsaucier9790]

I agree the dividends have been huge I couldn’t be happier with my position on Bito 💪.

[@jsp07411]

BITO seeks to have decay. Down way more then other etf bitcoin. Why.

[@qbx_AL]

I do appreciate your knowledge Brian!!! I will be watching you more.. thanks!

[@BusinessWithBrian]

Thank you, I appreciate it. I hope I have future content that you enjoy.

[@anguschan7653]

Great Video for beginner investor in whom might not be familiar with cryptocurrency! Thanks Brian!

[@BusinessWithBrian]

My pleasure!

[@keithruhe3874]

alooooooooooohaa!! hope all is well, just wondering im getting into selling covered calls, if possible could you do a video on best stocks to sell covered calls on a weekly basis with a price point below 50$ but still have some premium to make in them please follow up thank you for your time and consideration have a great day blessings keith

[@BusinessWithBrian]

Aloha, as well Keith! I plan to make a larger video on covered calls and options tradings. I'll have to do a lot of research before I can start to give more consistent updates. I absolutely love your recommendation.

[@ElliotJohnsonETF]

wonderful video, thanks a million

[@BusinessWithBrian]

You are welcome!

[@summerbreeze5115]

Are ETFs (IBIT, FBTC) good enough for long term 15-20yr? Self Custody always gives me heart attacks.

[@BusinessWithBrian]

The thing is they're completely new, I don't know if there's a right answer for that. That's why in the video, I stated I'm only willing to invest a small percentage in case I lose it all

[@user-pp3dl8id7r]

Excellent content

[@BusinessWithBrian]

Much appreciated

[@MB031]

Well best would be to own both BTC itself and ETF, but the problem will come later when mining becomes so extremely expensive and transaction fees will be skyrocketing. Today to send 0.05BTC will cost you apprx. $50-$300 plus !!!!! So in 5-10 years you will be paying to move any amount of BTC Thousands of $ per transaction !! Let's say you hoarding BTC and want to sell in 10 years, good luck with that selling fee !!!! So at this point is better to have BTC ETF, you can sell anytime with no ridiculous miner's fees ! Both are risky assets anyways....

[@timlangford8678]

Very informative video - and the no-strings spreadsheet is a great bonus. Thanks!

[@BusinessWithBrian]

Glad you enjoyed it! I try to provide spreadsheets to most of my videos. No strings attached.

[@davidthomas4065]

That transition on Grayscale... 😂😅! 5:43

[@MrRhabibi]

I loved your bitcoin bit straight forward and no bull !!

[@BusinessWithBrian]

It's how I roll. Thx

[@BA-pz3lo]

Haha the shiitake mushroom 🍄‍🟫 part was hilarious 😂

[@BusinessWithBrian]

I try :-)

[@keviny9392]

I am a newbie to the world of crypto. What you said makes good sense. Thanks for making this video.

[@BusinessWithBrian]

Glad it was helpful!

[@bpp5507]

This is a very real question (I know next to nothing about investing, stock & bonds, etc...) But why would I pay someone else to let me share a piece of BTC with a bunch of other people, compared to just buying my own BTC outright with coinbase?

[@BusinessWithBrian]

You can't buy them directly with your Roth or 401K. The ETF is the only option for those accounts. Other than a SDIRA.

[@duke7715]

okay, bitcoin has volatility, 5% max on alternative investments, holding until events happen, once concluded wouldn't be more profitable to sell all bitcoin and put any or all into a stable etf, then give me YOUR #1, thanks.

[@BusinessWithBrian]

Why would a person sell all their Bitcoin and create a taxable event? I do not have the etf, because I have mine directly in the Bitcoin itself. And I'll continue to for the foreseeable future

[@Viper4ever05]

I have 4% of my capital in IBIT. Crazy how volatile it is but I'm not going above that allocation for the sake of my sanity.

[@BusinessWithBrian]

Very smart. I'm not putting any more in either.

[@efremdedwards]

Grayscale Bitcoin Mini Trust ETF. 0.15% expense ratio

[@makodaniel4885]

GBTC maybe be a higher expense however it has outperformed the others.

[@estes1957]

GBTC up 169% BITO up 133% IBIT up 123% YBTC up 75% so yes there is a difference between companies.

[@Paintball1212]

Could the Bitcoin ETF price ever reach the thousands of dollars?

[@WeBeatMedicare6969]

I would shit my pants

[@pnc1358]

When etf buyers realize the potential of bitcoin, they will likely, very quickly, sell etf and buy bitcoin directly in no time. Nevertheless, i agree shitake is awesome

[@summerbreeze5115]

ETF is good enough for us dummies

[@pnc1358]

@@summerbreeze5115 No need for me to argue. Everyone has freedom to choose. Please don't underestimate yourself though. Nobody can be dummy forever, if they chose not to

[@summerbreeze5115]

@@pnc1358 What are the biggest drawbacks of an ETFs? I think they'll be around for 10-15yrs

[@pnc1358]

@@summerbreeze5115 You buy gold and you have that real shiny rock to keep at your place with your own responsibility VS You buy gold but you decide to let somebody look after it for you instead, until you change your mind and you hope he still keep it all for you That guy can be trustworthy enough for many many centuries but never say never

[@BusinessWithBrian]

Two main drawbacks of an etf. Trusting someone else to manage and hold the Bitcoin. The second is the fees. There should never be fees on single commodity ETFs (my opinion).

[@phku17]

😂 shiiiiitake mushrooms were the best 🤣 informing to know Brian is only 5% on Bitcoins / Alternative investment...i wonder if Brian has a video about his portofilio composition?

[@BusinessWithBrian]

I'm in the process of making a video where I will be sharing my percentage breakout. It should be available next week or so

[@BusinessWithBrian]

Sorry, 2 weeks out

[@free322001]

ETF*s?

[@dannysimenauer5745]

Thanks for sharing your research on these ETF's. I still have a hard time thinking of BitCoin as an asset when, other than owning it and hoping it goes up, the banking system does not recognize BitCoin. Furthermore, BC is largely unregulated so corporations cannot put it on their balance sheets. Lastly, what can you buy with BitCoin?

[@BusinessWithBrian]

I welcome your comment. But as I stated at the beginning of the video, my point is not to discuss the viability of bitcoin. My point is to provide the most facts I can about the available ETFs to invest in it.

[@dannysimenauer5745]

@@BusinessWithBrian Understood.

[@itsmePassport]

These are not Australian ASX ETF

[@BasicUniversalEconomics]

BITX

[@QTCrypto]

Bitcoin overflowth 10:16

[@earthling808]

Vanguard does not allow you to purchase any Bitcoin ETF.

[@jimknarr]

You looked like a hero when you recommended SMH, QQQ, VOO, etc. earlier this year. Unfortunately, it looks like the fully loaded train is now running off the tracks at a time when the small investor is fully invested. SMH is DOWN 10% this week. I see a lot of tears ahead for bag holders. Very few if any own any commodities which is outperforming equities this year.

[@BusinessWithBrian]

That's the beauty of the market, we all know it goes up and it goes down. But overall, it is net positive for the long term.

[@EleanorMabel]

As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point.

[@FlorentGulliver]

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@reinali3723]

I used the same word, BS, when I heard her explanation of their price.😂😂😂

[@positiveinfinity4441]

-3:45 like your content but sounds like Ponzi scheme

[@BusinessWithBrian]

I appreciate your candor. The term Ponzi has legal meaning, and this does not fall within that definition. It is an investment, and it requires a person to have an LLC to run their own business on amazon. And all Investments carry risk. I am personally kicking the tires with it to see how it goes. So far, it has been a bit slow to get started. And I just started making sales on Amazon today. But time will tell. I do plan to provide updates in my newsletter so people know if it's is going well or not.

[@WeBeatMedicare6969]

Come on man just throw an additional 5% in the ETFs lol

[@CBalkrs]

Hi, do you think investing in IBIT right now at 54usd is a good idea? Not sure how high an etf like this can go

[@johnboody]

I TRUST CAPITAL

[@BusinessWithBrian]

There are much cheaper options. I'll be providing a couple in a couple weeks that don't have any fees tied to transactions.

[@novelsandlattes]

GBTC doesnt even pay a Dividend!!

[@MrMountain707]

The sponsor is a scam.

[@savysav1253]

Shitake mushrooms 🍄🤣🤣

[@FactNinja]

Useless

[@BusinessWithBrian]

FactNinja.....making his silent mark. HiYa!

[@luvencasa]

He just Talks way too much

[@BusinessWithBrian]

Oh yes.....He does. Oh wait, it's a video presenting information. Shoot, I was hoping he would start fishing in the middle.

[@e_hgxR1UBderSds_W1ndzNCudPg]

The moment you talked about Bitcoin. I decide not to subscribe your channel as you are not qualified to give financial suggestions.

[@Faketaxie]

lol old heads

[@BusinessWithBrian]

I don't give advice, I provide the facts in order for people to make the best decisions for themselves. And that's exactly what I did in this video is to provide the specific facts and details for people to research their options more. Sorry to see you go, but.......

[@e_hgxR1UBderSds_W1ndzNCudPg]

@@BusinessWithBriani like it. Subscribed.

[@jimstephens2779]

You will most likely eat those words

[@michaelsaucier9790]

What is that supposed to mean. You can’t keep thinking bitcoin is fake when the market cap is 1.2 trillion