Quote:
Originally Posted by Sooner or later
Buy into a bitcoin etf. Low expense rates. Buy and sell like a stock or mutual fund at your broker.
I used Charles Schwab and bought IBIT.
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The risk is still there, you are just transferring it to Blackrock. Granted, I’m sure they have more risk controls than the average person, but still…From the prospectus:
“Digital assets, including bitcoin, are controllable only by the possessor of both the unique public key and private key or keys relating to the
Bitcoin network address, or “wallet”, at which the digital asset is held. Private keys must be safeguarded and kept private in order to prevent a
third party from accessing the digital asset held in such wallet.
The loss, theft, compromise or destruction of a private key required to access a
digital asset may be irreversible. If a private key is lost, stolen, destroyed or otherwise compromised and no backup of the private key is
accessible, the owner would be unable to access the digital asset corresponding to that private key and the private key will not be capable of
being restored by the digital asset network resulting in the total loss of the value of the digital asset linked to the private key.