Bitcoin

Started by Azz, Mar 22, 2024, 07:33 PM

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TraderRay

Has anyone invested in the new BTC ETF, started about a month ago. Whats the fees like?

THESTG

#46
I invested on 25/10/2024, 29/10/2024 & 04/11/24. At the moment my return is 23.9%.
Fees are 0.55% and I believe they are calculated into the fund price like other ETFs.
Also there are the brokerage fees 

TraderRay

Good one, got in before bitcoin really took off. So if say the fund holds a million dollars does it have to have a million dollars of bitcoin in a wallet?

THESTG

#48
Holdings for BTC.NZ - Smart Bitcoin ETF Units

Date 31-10-2024
IBIT US    iShares Bitcoin Trust ETF 99.96%
BNPP NZD    Cash Account (ANZ Bank) 0.14%
USDBNPP USD    Cash Account (BNP Paribas) 0.04%
NETCA Net    Current Assets -0.14%

As of November 13, 2024, the iShares Bitcoin Trust (IBIT) holds 469,895.35610 Bitcoin. IBIT is a BlackRock fund that primarily holds Bitcoin, with 99% of its portfolio allocated to the cryptocurrency.

TraderRay

BTC hits 100k. History made. Congrats to all holders this is a remarkable day for crypto.