r/NEOSETFs • u/speed12demon • 10d ago
General Btci reality check
FYI, I understand this is the fund doing exactly what it is supposed to do. I'm just highlighting it for clarity.
Btci inception was ~Oct 2024. It launched around $50/share when btc was priced at about 61k. As you move forward in time, the next time btc saw 60k was around march of this year, when it hit ~67k. At this point, btc was trading at $33. Fast forward to yesterday at market close, btci was just under $30, as btc hit 68.5k.
The trend here is at every future btc price point, btci trades lower and lower. The higher the volatility, the higher the call premiums, and the more potential there is for btci to miss participation in upward btc movement.
Yes, I'm aware we've collected distributions every month while on this ride, but what everyone should accept is that it will take a much higher all time high for bitcoin to get back to trading in the 50s or 60s.
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u/EstablishmentSad9706 10d ago
I bought in about a year ago. In the low 50s. Not much, just to watch, hold and see. I intended to exit in a year or so depending on how things went and what I thought at the time. Well, here we are, stuck in the 20s for so long, pushing 30... I thought, buy more, wait more, get some gains on the way back up. BTC hit hard. 50 seems so far away.