VBTC - VanEck Bitcoin ETF

[Garpal Gumnut]

Thanks @Dona Ferentes @Sean K @farmerge and @qldfrog . Forgive me for not quoting your recent posts on $VBTC and thanks for the remarks which help me put $VBTC in to context and which I've taken on board.

• VBTC is traded on the ASX for 8 hours, five days a week, the 8 hours in which changes in BTC is least likely to happen, i.e. when the good people of the northern hemisphere are sleeping.
• Aside from trading bitcoin it is the only way for me to have exposure to btc given my perception of risk. I would not trade bitcoin directly, yes, it could all go to crap or to the moon. Not my area of comfort I'm afraid.
• VBTC is a bet on a bet, after the fact and before the the results are in and the prize pool i.e. value of BTC is known the next day.
• BTC is I would agree a load of bollox but the perception of BTC is not. Fantasy or not, billions of dollars are bet every day on it's value and it in turn affects other assets all the way from stocks to the mortgage rate on an overvalued home in Bentleigh. The effect may not be large nor immediate but it is in the mix now as a tradeable asset. It cannot be ignored.
• The question arises, should one invest in it, will it increase in value or go to nothing. Similar to a house in Bentleigh although the time and degree of change in value may be different.
• My view of BTC is that it is an opportune short term bet e.g buy low in a trading range and sell towards the top of that range, as is happening now. It is a risky bet though.

I've written this as much to assist me in some decisions as to add information to what you have already written. I don't presently hold $VBTC but have in the past.

Crazy times.

gg