MultiversX Tracker is Live!

ETFs are in the ring, but Bitcoin's the undisputed king: Buy and Hold.

All Cryptocurrencies

by COINS NEWS 95 Views

ETFs are in the ring, but Bitcoin's the undisputed king: Buy and Hold.

Hello, fellow enthusiasts.

Spent some time decoding some Bitcoin-loving and hating ETFs. It's like watching ducks try to tap dance (hilarious and confusing).

Some interesting charts show the Year-To-Date performances of some intriguing assets (a heads up – because some of these ETF babies are just learning to walk, so our time frame is limited to YTD).

Who are in Chart 1?

1. The Bitcoin Lovers (MAXI, BTF, XBTF):

- They're like: "Bitcoin is life, USD... meh."

MAXI wins the popularity contest here (best performer) with a strategy cooler than a cucumber in a snowstorm. Probably made by Chuck Norris. See it for yourself, but don't try this at home:

  1. Pours money into Bitcoin futures like it's the last drink at a bar;

  2. Uses short-term Treasury bonds/ETFs as a "safety" (omg) net for their future bets;

  3. Plus, dabbles in some reverse repurchase magic to make extra cash;

  4. Has 20% of its assets playing the high-stakes game of option trading. They're out there right now writing options faster than I write Reddit comments (and that's saying something).

2. BITI - The Bitcoin Skeptic:

- Basically rooting for Bitcoin to trip and fall.

This is the kid who believed he could fly by being the first US ETF to try profiting when Bitcoin futures stumble. Remember though, it's just a fling, not a lifelong commitment.

Chart 1: Presenting Bitcoin's fan club (MAXI, BTF, XBTF) and the 'play-hard-to-get' BITI. Wanna see how that 'short BTC, love USD' strategy's panning out?

ETFs trying to keep their hats on

Who are in Chart 2 and hasn't been introduced before?

3. Bitcoin, the king.

4. SPY – The Cool Old Kid On The Block:

- The OG ETF, repping the S&P 500, waving the flag for large and mid-cap stocks in the US while singing the national anthem and saying "Bitcoin is a scam! Arrest them all". It's like the Beyoncé of ETFs – always topping the charts and making headlines.

Chart 2: Now enter the Bitcoin superstar, flanked by its biggest groupie (MAXI), the grumpy neighbor BITI, and the ever-classy granddaddy SPY. Place your bets, this chart's a riot.

Why juggle with many when you can just hold one winner?

Closing thoughts:

All the razzle-dazzle strategies out there, and yet, none can hold a candle to Bitcoin. BITI's game? It's like trying to win a drag race with a tricycle by betting the house on USD and giving the cold shoulder to Bitcoin.

While ETFs are busy concocting their next potion, Bitcoin's charging forward, showing it's not just a sidekick. Before you decide to spin the wheel with a daring strategy, consider this: 'Buy and Hold Bitcoin' might just be the golden ticket.

TLDR: When it comes to Bitcoin, 'Buy and Hold'.

submitted by /u/MakeItRelevant
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments