BITO ETF Review | New Bitcoin ETF | Should You Buy It?



Should you invest in the new Bitcoin ETF BITO. This video is a review of the new ETF BITO that is a Bitcoin Futures ETF. Should you buy BITO?

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BITO is the first ever Bitcoin ETF that is traded on the stock market. The SEC approved ProShares filing for a Bitcoin ETF & as of October 19th, BITO was traded on the stock market. But should you invest in this new Bitcoin ETF?


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It is important to note (and reiterate) that BITO is a Bitcoin futures ETF. This means when you invest into BITO, you are not actually owning any Bitcoin. You are just buying into an ETF that buys into futures contract for the price of Bitcoin. I repeat, when you buy BITO, YOU ARE NOT BUYING ACTUAL BITCOIN!

A futures contract is essentially a bet on where the price of Bitcoin will be in the future. These futures contracts expire each month which means it is pricey. This price is reflected in the expense ratio of this fund, which is 0.95%. That means for every $10,000 you invest, you will pay $95 in fees each year.

Since this is a futures ETF, BITO will track future contracts not the price of Bitcoin. This means that BITO and BTC price changes will not exactly match. You may be paying a premium for BITO as opposed to BTC (on the flip side, you also may be getting a discount on BITO as opposed to BTC).

With that being said, this new Bitcoin ETF is great for crypto all together because it is warming up institutions to crypto!

So why would you want to invest into BITO?

#1 YOU ARE A TRADER
If you are looking to trade with the price of Bitcoin, trading with BITO can be a possibility due to the ability to short the ETF & options with it. This is due to the inherit volatility that Bitcoin has.

#2 IF YOU DON’T WANT TO OPEN ANOTHER ACCOUNT
Whether you don’t want to open another account or “hold” a crypto allocation within a traditional investment account, buying BITO can get you that “sort of” allocation. If you don’t want to deal with the wallets & new accounts, buying BITO could be for you.

#3 DON’T WANT TO WAIT FOR AN ETF THAT LET’S YOU ACTUALLY HOLD BITCOIN
Maybe you want that exposure now or you just want to get your toes wet in Bitcoin, then buying BITO now could be a good idea. It has taken years for the SEC to allow a Bitcoin futures ETF, so no telling how long it will take for the SEC to approve an actual Bitcoin ETF.

I am out of text space, so watch the video to see 3 reasons why you wouldn’t want to buy BITO & my own opinion on the ETF & whether or not I plan to buy it! ๐Ÿ™‚

Thanks for watching!!

Don’t forget to SUBSCRIBE, LIKE, and COMMENT on the video!!

#StockMarket #Investing #DecadeInvestor

DISCLAIMER: Decade Investor, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Decade Investor’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.

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Time Stamps
00:00 Intro
1:02 BITO ETF Breakdown
3:31 Should You Invest?
8:07 Make Sure To LIKE & COMMENT!

Tags:
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22 thoughts on “BITO ETF Review | New Bitcoin ETF | Should You Buy It?

  • January 28, 2022 at 12:11 am
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    BITO is on downtrend & now $24 pps

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  • January 28, 2022 at 12:11 am
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    He is right. After 45 days -30%. A real turd. On the bright side, at least Michael Sapir, CEO of Proshares got to ring the bell.

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  • January 28, 2022 at 12:11 am
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    Great video, very informative.

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  • January 28, 2022 at 12:11 am
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    trรจs clair. PA (personal advise) : take a break in the rush

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  • January 28, 2022 at 12:11 am
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    Great video just found your channel also I subscribe.. haven't checked out all your videos as yet but can you do a video if you haven't already done it on which ETF you think in your opinion is the best ETF to own?

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  • January 28, 2022 at 12:11 am
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    Just found your channel. Appreciate the clarity in your explanation (and great intro ๐Ÿ˜€)

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  • January 28, 2022 at 12:11 am
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    Stay away from this shit will crash so much, many people and investors will lose their shirts.

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  • January 28, 2022 at 12:11 am
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    Agree. Buy actual bitcoin and hold in cold storage

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  • January 28, 2022 at 12:11 am
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    Realizing it, it's just Wallstreet making this ETF.

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  • January 28, 2022 at 12:11 am
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    Very clear, thank you for your input!

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  • January 28, 2022 at 12:11 am
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    Great video ๐Ÿค‘

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  • January 28, 2022 at 12:11 am
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    Always great content my man!! ๐Ÿ”ฅ thanks ๐Ÿ˜Ž

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  • January 28, 2022 at 12:11 am
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    I would think it would be better to buy a mining company stock

    Reply
  • January 28, 2022 at 12:11 am
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    Thank you. Where do you find etfs to buy? Whuch platform/s?

    Reply
  • January 28, 2022 at 12:11 am
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    Now please do one on GBTC… "should you buy it".. this is lowkey a series lol

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  • January 28, 2022 at 12:11 am
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    I already did bought 700 worth

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  • January 28, 2022 at 12:11 am
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    ๐Ÿ๐Ÿ

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  • January 28, 2022 at 12:11 am
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    Great info. I still do not understand what a future is but Iโ€™m trying.

    Reply
  • January 28, 2022 at 12:11 am
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    Best intro on YouTube!

    Reply

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