Hi all,

I am invested in the Bitcoin ETF (ticker code) EBTC. However on Strawman I have noticed the majority of people (if invested in a Bitcoin ETF) are invested in VBTC.

I am wondering if anyone can see a potential issue with my holding in EBTC, something I haven't thought about??

Here is an article talking about both options:

https://www.selfwealth.com.au/blog/etfs-head-to-head-vaneck-vbtc-vs-global-x-21shares-ebtc

Thanks in advance.

What a difference a few weeks can make.

After threatening to break out earlier in the year, Bitcoin has now quite decisively broken down below its post-election breakout range (around $90k at the lower end).

That opens up the pre-election highs (around $74k).

Highly volatile asset of course, so breakouts and breakdowns can quickly be invalidated in just a day’s price action, but skews bearish from a technical perspective.

The Trump-dump after the Trump-bump. Just like the man himself :)

@Strawman Surely this can't pass without some form of explanation!

Yellen reports TGA spend down to commence mid January, following debt ceiling expiry on January 1. This will be a short term boost to global liquidity, with over $700 Billion currently in the TGA. The TGA will be exhausted by July / August if the debt ceiling fails to be re-negotiated in the first few months of the Trump Administration.

During the TGA spend downs of 2021 and 2023, Bitcoin produced positive returns.

DISC - HELD

I wonder if the appearance of Krypto in the new Superman trailer today will give BTC a bump?

#lol

#superdog

hi guys just trying to work out if micro strategy gets added to the NASDAQ 100, Can act as a short squeeze or forced buy pressure. would this already been facted to the share price/ bitcoin price. am i missing anything?

Institutions vs. Bitcoin. "Pension funds make up only 1% of the reported holdings in the nine new ETFs. We expect that number to increase in 2025, following expected regulatory changes from the Trump administration that will make it easier for traditional finance (TradFi) to participate in digital assets."

Standard Chartered via Zero Hedge

VBTC - toot, toot - Good growth here

Info Below:

VBTC - VanEck Bitcoin ETF | The first & most cost-effective on ASX

ETFs Head-to-Head: VanEck ‘VBTC’ vs Global X 21Shares ‘EBTC’ - Selfwealth Media & Articles

Key takeaways:

• The VanEck Bitcoin ETF is the first Bitcoin ETF to list on the ASX, albeit the Global X 21Shares Bitcoin ETF has already been trading on the Cboe Australia market since 2022, amassing over $100 million in net assets since that time.
• VBTC is a ‘feeder fund’, investing directly in the US-listed VanEck Bitcoin Trust to gain exposure to Bitcoin, whereas EBTC is 100% backed by physical Bitcoin held in ‘cold storage’.
• In response to the launch of VBTC, Global X is reducing its management fee for EBTC, which means both funds will charge 0.59% per annum as of July 1, 2024.
• Please note that at the time of this article publication, VanEck Bitcoin ETF (VBTC) is not available to trade via the Selfwealth platform.

BTCUSD Bitcoin US Dollar - Currency Exchange Rate Live Price Chart

BTC$100 in in sight (USA - New Governance / Values proving a factor here)

Microsoft is under some pressure to consider adding Bitcoin to its balance sheet, though its Board is presently against it.

https://fortune.com/crypto/2024/10/25/microsoft-tells-shareholders-to-reject-call-to-invest-corporate-cash-in-bitcoin/

Will be big if (when?) it happens...

https://www.moneyandbanking.com/commentary/2024/9/15/a-national-strategy-for-bitcoin-sell-it-all-now

Wow - do some of us need to worry about who we are chatting with on Strawman!!!

The link here for those with an AFR subscription -

https://www.afr.com/markets/currencies/crypto-owners-are-more-likely-to-have-psychopathic-traits-study-says-20240902-p5k73c?utm_content=around_the_world&list_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote_channel=edmail&utm_campaign=the-brief&utm_medium=email&utm_source=newsletter&utm_term=2024-09-02&mbnr=MjExOTY0NTg&instance=2024-09-02-12-03-AEST&jobid=30762471

Apparently I'm not the only beanie baby collector :)

You can now get Bitcoin exposure on Strawman.

Me:

Everyone else: