$iShares Bitcoin Trust (IBIT.US)$is this ETF price equivalent to the amount of BTC we would actually get if we buy this ? I wanted to buy some BTC but don't see the option in the app.
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Managerial yolo pro
:
yes this is stock ETF is the same equivalent to Bitcoin as if you where to buy normal BTC, 1,755 shares= 1 Bitcoin if you wanted to know the conversion per the share for 1 coin
Managerial yolo pro
Stewari
OP
:
well technically no, cause the fund owes it for you to be able to buy it as a stock, the benefit owning it through a stock is that you can have it in your roth and profit from Btc tax free
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Managerial yolo pro : yes this is stock ETF is the same equivalent to Bitcoin as if you where to buy normal BTC, 1,755 shares= 1 Bitcoin if you wanted to know the conversion per the share for 1 coin
Stewari OP : I see, but do we get the ownership of the BTC ? like if we wanna use it for something
Managerial yolo pro Stewari OP : well technically no, cause the fund owes it for you to be able to buy it as a stock, the benefit owning it through a stock is that you can have it in your roth and profit from Btc tax free