As some have said, buying bitcoin and holding it in a non-custodial wallet is the best way and that is true. But that doesn't mean investing through a bitcoin ETF is not good or unsafe.


Many people do not acknowledge this as bitcoin investing because those investing through ETFs do not own real bitcoins. But the irony is that the biggest money flowing into the market and the catalyst that increased demand for bitcoin and pushed the price to $123,000 are ETFs.

Everyone understands this and even supports it as it helped bitcoin price rise to $123,000. But on the other hand, it is puzzling that many people are still willing to complain or even criticize when someone invests through ETFs.
This makes me feel like they are people with multiple personalities  .

In short, investing in bitcoin by buying and holding in a non-custodial wallet, or through an ETF are both good and safe ways.

When you invest in an ETF, you are not buying Bitcoin itself, but only a share in the Bitcoin ETF. Under the terms of the agreement, the ETF (in your case, the Fidelity FBTC fund) agrees to pay you a certain amount in US dollars (if certain conditions are met). This amount is determined in conventional units (namely, BTC) and is converted into dollars on the day of payment. So, in fact, you do not own any Bitcoins🤷

Are you okay with this? If your answer is "yes", then everything is great! From then on, everything will depend on the decisions of other people, which, in turn, will be determined by the current political and economic situation in the United States. For example, under certain conditions, the US government may decide to pay you a smaller amount than specified in the agreement with Fidelity (for example, if it is decided that legal entities and individuals do not have the right to own Bitcoin. Bitcoin can only be a reserve asset managed by the US Federal Reserve).  Also, Fidelity could go bankrupt and refuse to pay you. There could be many more negative events like this in the future. Although, of course, everything could work out well🏛️

Yes, this method of investing is convenient, since you don't have to worry about storing the seed phrase yourself. However, don't be fooled - with this method of investing, you will not become the owner of Bitcoin.🤹

That is true, there is nothing to be worried or scared. Bitcoin will make you some money, and as long as you are doing a good job, you should not be worried about it. Bitcoin has a great future and you will profit from it. I know that it feels scary sometimes when people see it so high, but they need to realize bitcoin is still better than any other investment in the world.

I would say maybe buying yourself a home instead of paying rent could be the better way, you will pay a bit more of course to your mortgage, but at least you own it, and it would be an asset instead of a liability. But aside from that, the best investment in the world is bitcoin, even at this price, long term investment into bitcoin will make you more money.

Fidelity's FBTC ETF had huge 1 million+ volume just after the markets opened today. That volume pace was unusual...

Experienced investors that are new to Bitcoin should like the idea of buying shares of spot Bitcoin ETFs.

For example, Fidelity's FBTC, the Fidelity Wise Origin Bitcoin Fund, is a spot Bitcoin ETF that holds the actual Bitcoin asset. It's designed for the ETF to track the price of Bitcoin by holding the cryptocurrency itself. This means that Fidelity, through its fund, owns the underlying Bitcoin. Fidelity Digital Asset Services is the custodian of the Bitcoin held by FBTC.

Fidelity is responsible for securely storing the Bitcoin. The goal of Fidelity's FBTC ETF is to mirror the performance of Bitcoin, so its value will fluctuate based on the price of Bitcoin.

Spot Bitcoin ETFs like Fidelity's FBTC ETF aim to make it easier for investors to gain exposure to Bitcoin without needing to directly buy, store, and manage the cryptocurrency themselves.