Made my first move in crypto related investment but not directly buying into BTC which is more risky due to the volatility. IBIT will be my side investment for the next few years while main portfolio is still focusing on AI and tech sectors. However, Trump admin tend to create surprises to the market so I think there is still upside potential for bitcoin so parking some spare cash into IBIT.
digimonX : I have bought IBIT & BTC directly not long after the spot ETFs were approved. My $ allocation between IBIT & BTC is about equal. What I have observed is that they have moved the same %. In other words, the gains I have in IBIT & BTC right now is roughly the same.
Just for your reference because you seem to think BTC is more volatile than IBIT. They are actually 1 to 1.
Veteran Analyst : IBIT is the spot BTC ETF. The performance is to track BTC. Unless you are particular to get the unique key for the BTC, IBIT and other spot ETFs are much more efficient due to better liquidity and lower transaction fees.
Jackosen OP digimonX : Thanks for the info. I am still learning.
Jackosen OP Veteran Analyst : Thanks for the info. It seems to me that IBIT is more easier and safer to own as compared to BTC.
digimonX Jackosen OP : If you are new to crypto, then yes, IBIT is simpler to understand & buy. Buying BTC directly requires that u put in more effort to learn abt self-custody, getting a wallet (hot vs cold), safeguarding the keys, etc. I bought IBIT first but soon after, I went on to create a crypto exchange account, bought BTC & other cryptos directly after learning all the stuff. If you don't want to deal with all these, IBIT is just fine, & it is as volatile as BTC. Good luck!