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/biz/ - Business & Finance

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54211933 No.54211933 [Reply] [Original]

I've received two fat $300 dividend payments from them starting last month. Seems better than holding "physical" BTC

>> No.54211985

Is that a physically backed BTC ETF or a (((derivatives))) backed BTC ETF?

>> No.54212036

>>54211933
"seems" but it's not.

>> No.54212067

>>54211933
How much are your holding?

>> No.54212125

>>54211933
I hold BITI and sell calls when BTC pumps. These are in fact much better than holding crypto and dicking with wallets, seed phrases, crooked exchanges, and the social stigma of being a cryptofaggot.

>> No.54212289

>>54211933
how many shares do you need for a dividend?

>> No.54212377

>>54212289
One. BITO last paid out $0.10 per share on March 1st.
MAXI is another good one. It's a bit different though.

>> No.54212419

>>54212377
oh fug so op has like 30-grand invested in bito

>> No.54212452

>>54212419
If you want to trade and don't want to risk messing with options, they're a godsend. Buy BITO to long, BITI to short.

>> No.54213435
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54213435

>>54211985
it's futures backed, so yeah it's kiked. would switch over to a physically backed ETF if one would ever get approved
>>54212125
nice friend! i sell options on my BITO too, but now with the dividends i'm getting two revenue streams from it. are you getting divvies from BITI?