In the exciting world of cryptocurrency, there's a variety of platforms and products that open the door to buying and selling crypto like never before. The newest kid on the block? Bitcoin ETFs.
So, what's a Bitcoin ETF?
It's like a bridge for traditional investors to jump into the world of bitcoin, without owning real bitcoin, the actual cryptocurrency. Sounds cool, right? But there's a catch. Bitcoin ETFs are only available during the New York Stock Exchange hours—that's just 6.5 hours a day, five days a week, minus weekends and ten public holidays. That adds up to only 251 trading days a year.
Bitcoin ETFs offer a structured, familiar way to invest. But they miss out on the round-the-clock action of buying and selling bitcoin on platforms like iTrustCapital. Basically, with ETFs, your trading opportunity is 80% less in a given year compared to buying and selling actual bitcoin on a platform like iTrustCapital which is 24/7, 365.
Possible Scenario
Picture it's Saturday morning and the value of Bitcoin, known for its higher volatility compared to most stocks, suddenly drops by 10%. This is the dip you've been anticipating. Your funds are ready in a cash position on a platform that provides access to the Bitcoin ETF. However, there's a catch: trading on the NYSE is closed until Monday morning, leaving you with a 48-hour wait. Hoping the price remains stable, you find yourself obsessively checking it every few minutes, even disrupting your sleep due to the worry of missing this chance.
The thought consumes your entire weekend. Then, as fate would have it, by Sunday afternoon, the price rebounds to its earlier level. You've missed the ideal time to invest and now face a decision: buy at the current, higher rate or gamble on another dip occurring during the limited 6.5-hour trading window from Monday to Friday on the NYSE. This stress and lost opportunity could have been avoided by opting for a platform like iTrustCapital, where you can buy or sell actual Bitcoin any time, operating 24 hours a day, 7 days a week, all year round.
Real Bitcoin
That's where the beauty of real bitcoin comes in, especially on platforms like iTrustCapital. You've got the freedom to make moves any time you want, in a self-directed IRA, with access to all of those extra market opportunities while enjoying the tax benefits.
This flexibility and always-on access highlight some major perks of buying and selling real bitcoin directly over buying and selling Bitcoin ETFs.
While Bitcoin ETFs have their appeal with structure and familiarity, they don't quite match up to the agile market access you get with real bitcoin on platforms like iTrustCapital. 24/7 access, with the added benefits of a tax-advantaged IRAs. Providing access that gives you opportunity, 80% more opportunity. Platforms like iTrustCapital really show why they're a step ahead of Bitcoin ETFs.
For investors looking to make the most out of the vibrant and exciting crypto market, choosing platforms that offer direct, unrestricted access is a much more empowering choice, because access equals opportunity.
DISCLAIMER
This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.
iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
iTrustCapital makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. iTrustCapital disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.
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