ETF vs Bitcoin directly?
I want to have an exposure to bitcoin in my portfolio and have contemplated buying BTC directly from an exchange or brokerage, but I have two main reservations, compared to just buying into the ETF FBTC. The first is that if I buy BTC and keep transferring to cold storage, I fear that my wife or children won’t be able to access it in case of an emergency or something else. Whereas if it’s in FBTC, it can be liquidated for cash immediately. The second are the fees with buying and moving BTC. The spreads at Robinhood and fees on exchanges seem much higher than the 0.25% fee on FBTC. Plus fidelity does not use a custodian, so I like that ETF over the others in terms of security. I’m pretty new to crypto and just want to diversify my portfolio - but does anyone have a strong reason against the ETFs or have something else to suggest for exposure?
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from Bitcoin - The Currency of the Internet https://ift.tt/8rZsEkt
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