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Tomasz 〰️ NFT_NYC 2023 Speaker 🎙️
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CEO and co-founder @Metasy_art Co-founder of @NftSocialArt @NftPolskaCollective member #BTC #DEFI #NFT #ART
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Tomasz 〰️ NFT_NYC 2023 Speaker 🎙️
02-27
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This week, a BTC ETF (and three other cryptocurrencies) debuted on the @GPW_WSExchange, so I figured everyone was talking about it, so I'd just buy it. So I opened a brokerage account with @bmalior, managed through the @AliorBankSA account. Since I had some spare funds deposited into my IKZE, why not have them in BTC instead of company shares? Before I bought ETNVIRBTCP – that's the ticker for the BTC ETF from @VirtuneAB – I checked the information card. Considering that they charge almost 1.5% annually for managing the BTC, which would be with them instead of me, and an additional 0.15% each for purchases and sales, for a total of at least 1.8%, I decided I'd buy spot, "physical" BTC and hold it myself. What caught my attention were the price change scenarios presented in the document, especially the optimistic one, calculated based on 2017 volatility, while the other scenarios are based on completely different annual periods (all in the screenshot). This optimistic scenario offers the potential for a 1,221% return in a year! Personally, however, I would present these scenarios slightly differently, perhaps using Value at Risk and a different scenario analysis, such as standard deviations. The spread on the exchange rate is negligible at around 0.2%, so I'm not going to spoil the copy. To avoid the negative message from my post, I believe this is an interesting and relatively safe product for those who don't operate in cryptocurrency but want exposure to it. After all, when buying on a crypto exchange, currency exchange, or Bitcoin ATM, we sometimes pay a higher commission. So, for those who don't have BTC yet and don't want to mess around with exchanges and wallets, this is a very interesting option. What do you think? Have you bought it, or are you planning to? #ETNVIRBTCP #BTC #GPW
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