I Bought 10 Bitcoin ETFs (Ranking Them Worst To Best)

I Bought 10 Bitcoin ETFs (Ranking Them Worst To Best)

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Yeah it do be like that though anyway today I want to share with you the result of what happened after I bought all the Bitcoin ETFs that were released I’m going to rank them from worst to best and I’m going to answer some of the most commonly asked questions about

These Bitcoin ETFs because you know what’s kind of crazy on its first trading day the Bitcoin ETF generated $4.6 billion and $1 billion by its third day and let me just give you some context for what those numbers actually mean because last year in all of 2023

There were roughly 500 ETFs that were created now by the way if you’re new here ETFs are just Securities that represent bundles of things that go inside of them so it’s represented by one stock that represents many many different things usually now on Tuesday of this week all of those 500 ETFs that

Were created in all of 2023 had a combined Ed trading volume of $450 million the highest of which had $45 million in comparison Bitcoin which has 11 spot ETFs in a single day did $4.6 billion that’s 10 times more than what the 500 did that were created in

All of 2023 did on Tuesday this week and that makes Bitcoin the single most popular ETF asset class of all time throughout the Universe in perpetuity in du except in Indiana but what’s interesting is what happened to bitcoin’s price after the ETF was released because on the day of release

Bitcoin’s price did almost nothing and over the next few days it went from 465,000 down to $425,000 why did it do that how can that much money circulating around the ETF still make Bitcoin lose value and the answer to that is something called trading volume which represents both net

Inflows and net outflows together meaning money that’s coming into the system and money that’s leaving the system so that $4.6 billion on its first trading day represents both purchases and sales and the biggest culprit for the net outflows or the most amount of selling came from an ETF ticker symbol

Gbtc Gray’s Sports Almanac strikes again now it’s the grayscale Bitcoin trust and why it had the most amount of outflows is because of a very complicated process that’s not the point of this video but since we’re all nerds here what had happened is gbtc went through a complex

Conversion process into a spot ETF and when they did that it Shrunk the gap between the price of itself the ETF and Bitcoin the asset that’s called the discount to the nav or the nav the net asset value basically the people that were buying gbtc before it was converted

Were buying the ETF at a discount to bitcoin’s price in fact from February 2021 until January 10th 2024 it was cheaper to buy gbtc than it was to buy Bitcoin directly and since there’s been a lot of people that have bought this ETF over the last few years at that

Discount they’ve been selling that ETF to collect their profits before the discount window closed now people are still selling out of their ETF because they’re also realizing gptc is extremely expensive because they charge a very fat juicy fee but the point of me trying to

Tell you all of this is just to show you that all of these spot Bitcoin ETFs are not created equal and I bought into all of them just to show you how well they’ve done and I want to answer some of the most commonly asked questions

That I saw about them so let’s get into it hi my name is Andrey J hope you’re doing well come for the finance and stay for more Bitcoin videos anytime I make a Bitcoin video it’s like oh enough with the crypto video and then when I don’t

Win crypto video you can’t win it’s the internet all of the time anyway before I show you how these Bitcoin ETFs have done I want to put in context expectation versus reality because I think a lot of people thought that when the ETF was going to be approved Bitcoin

Would Skyrocket to $100,000 right away but the truth is it’s not going to and I want to show you that by comparing what happened to Gold when it was first securitized and given its own gold spot ETF when it was first launched the performance wasn’t that great either it

Didn’t Skyrocket because from November 18th 2004 to the end end of 2004 gold’s price went down by about 1.4% the first year of gold the price went nowhere it just went sideways now the next year in 2005 the first 5 months of the year gold

Went down and it went down some more and it wasn’t until the third quarter of 2005 that Gold’s prices went up starting at $435.00 an ounce on September 1st and closing the year at $53 per ounce that’s a price growth of over 20% in a little over a year after

The ETF was launched but the point is just because something gets an ETF doesn’t mean the price is going to Skyrocket and it’s not going to get there in a straight line so now let me just show you the best of these ETFs and I’m going to be judging them based on

The price growth as well as the lowest expense ratio but first a quick shout out to policy genius for sponsoring a portion of today’s video because as we start the new year it’s the perfect time to think about life insurance to protect our loved ones policy genius makes this

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Mind and you can save money save time with the right life insurance policy from policy genius thank you policy genius for sponsoring a portion of this video and now let’s get back to it all right so a quick recap I invested $100 across the board into each of these spot

Bitcoin ETFs on January 11th the day after the ETF went live now unfortunately two of these ETFs ibit and defi I was not able to buy I don’t know why I blame Robin Hood I reached out to them and their support team and they admitted to me that it was a fault on

Their end that somehow caused their systems to cancel some of the orders even though I didn’t cancel them they weren’t able to help me because classic Robin Hood things the good news though is I was able to use my portfolio tracker instead to plug in the missing

Data and back test it which you can find in my patreon link down below where I simulated what would have happened if I did buy those ETFs so from worst to best in terms of what my $100 is now worth today starting with the worst is sticker

Symbol defi that one lost me over 15% well technically it didn’t lose me anything because my order was never filled so that’s a happy accident but had I actually put in $100 into it today that $100 would have been worth $848 which as you’re about to see is by

Far the worst performing one coming in at Ninth Place is black Rock’s ibit which lost 12 .6% and I would have ended up with $873 had I bought it again that’s a crazy coincidence because the two worst performing ETFs were exactly the two that I was not able to buy because the

Orders weren’t filled which is good for me not so good for everyone else because ibit is leading the way in capital inflows the majority of people are choosing to put their money into ibit which is black Rock’s ETF and I’m guessing that’s because black rock is a

Big name and people are choosing to trust them the most but more about about that later coming in at number eight is ticker symbol bitb which is bitwise where it lost 8.34% so now $100 is worth $916 number seven is fbtc which is Fidelity’s ETF and this one lost 8.2% so that’s

$918 number six is Ark B which is Kathy Woods Bitcoin fund and this one lost 8.01% which leaves me with $91.99 and now we get into the top five now number five and number four are super close number five is ticker symbol brrr which lost 7.88% and that leaves me with

$922 and number four is easy BC like easy peasy which lost only 7.85% which is $925 so that’s only 3 cents more now third and second place are exactly identical losing exactly 7.73% and that’s ticker symbol Hodel and BTC W so here’s the breakdown of what actually happened gbtc and defi was the

Worst defi lost the most amount of money for me which is especially worse when you remember that their expense ratio is super high when compared to the competition at .9% but out of all of the ETFs they have the highest expense ratio at 1.5% their argument for why they’re

Charging people so much money is because they have the most experience of buying and holding Bitcoin and they have the most liquidity that’s why they’re charging a premium of 100 bis points or 1% over the competition but still that’s really expensive now easy BC BTC W and btco have pretty close expense ratios

At. 29.3 and. 39% respectively but even though btco had the highest expense ratio out of those three it also did the best out of all the ETFs fbtc brrr ibit and Hodel all have the same exact expense ratio of a quarter perc but what’s interesting is their performance

Varied a a lot across the board with ibit doing the worst of them and Hodel being the best of them and then bitb and arcb have the lowest expense ratios at02 and. 21% and their performance was really really close but the question is which one is the best and the best one

Combining the price as well as the lowest expense ratio the best one was from Invesco ticker symbol btco now if you want to prioritize the lowest expense ratios a close second and third is bitb and arcb now if I was to advise myself on which

One I would buy with my own money the one I’d go for is probably invesco’s btco but then I would have my money in there for a little bit and while it’s in there I would do everything I could to learn about how to self- custody my Bitcoin and then hopefully once I’ve

Learned enough and I’m comfortable with it I would sell it and then use that money to buy a real Bitcoin with because apparently someone described owning a Bitcoin ETF is kind of like you have a girlfriend but she lives in Black Rock’s apartment and Black Rock sends you a

Picture of her every quarter and then they charge you a fee to take care of her and and I guess that’s kind of accurate some people just don’t want to deal with the headache of being Hands-On with their assets and uh investing strategy so anyway let me just tie all

This together and show you what it means if my parents were to ask me Andre I don’t want to learn how to self custody Bitcoin I just want to buy the ETF and put it in my 401k which one is the best I’d say I have no idea I wish I could

Tell you but the truth is all of these companies have different strategies to how they approach this and some are not as battle tested as the others like for example gbtc is extremely battle tested they’ve been around the longest they have the most amount of money and

Liquidity and they hold the most amount of clients in this case which is great but they also charge the most amount of money is their experience worth 100 basis points or 1% let’s all pretend Bitcoin continues its growth rate for the next 5 years at 25% kager or compound annual growth rates that

Becomes expensive sounds like like it’s not worth it but what if God forbid in the future coinbase gets hacked and all the coins are stolen most of these ETFs hold their coins through coinbase what happens then do people get their money back even if those coins are stolen

Technically no one has claims to the coins themselves instead customers have a claim to the security the digital paper the ETF itself so as long as people are within the insurance limit of sipc then they should be protected and we’re good to go unless the SEC steps in and Gary gender

Is like technically coinbase is not a regulated exchange and all your coins are mine they’ve done that in the past they could do it again and that’s a risk so then does that mean we should be buying fbtc through Fidelity because Fidelity holds the Bitcoin themselves and they are a regulated institution so

From a regulatory perspective they’re the safest but they also have the least experience holding Bitcoin they have less experience than coinbase and some of these other companies so then which one do we pick I don’t know the answer no one knows the answer to these questions and most people won’t even

Think this far ahead so the fact that you’re watching this video means you’re a nerd and you’re amazing but I’m just not smart enough to give you a definitive answer I don’t know all I know is this all the numbers I’ve shown you throughout this video have been

Based on losses and that’s how I’ve shown you which one is the best because it lost the least which I guess is cool but I also need to wait for the data to go green so I can show you which one makes the most because it’s not correct

To assume that the best one is the one that loses least because the one that loses least could end up making the least and the one that loses most could end up making the most so literally the worst could be the best it’s unlikely but it’s a possibility and the most

Ideal one the one that we should be looking for is the one that loses least when bitcoin’s down and the one that makes us most when bitcoin’s up but for that to happen I need more data there’s just so much more data that I’m waiting

For but the point is I don’t know the right answer but I hope I’ve given you the right framework of how to think about this so you can ask the right questions for yourself but also stick around because I will make a guide on how to self- custody your Bitcoin and

When it’s ready and it’s going to take me a while to produce because crunching these numbers is a full-time job I will leave a link down below because it’s just me I’m a oneman show for my entire YouTube channel it’s just me and chat chpt are you not entertained I hope you

A wonderful rest of your day smash the like button subscribe if you haven’t already don’t forget to grab your free stocks links are down below and then go track them automatically with a spreadsheet linked Down Below in my patreon love you thank you so much for

Watching this video I’d love to see you back here on Monday and Friday sometimes a Wednesday see you soon bye-bye