Leaderboard

No I wont be buying - but I will be shorting Coinbase......in an ETF world where the ETF can be traded commision free via robinhood or Schaeb or whatever brokerage you want.....and then the ETF itself carries a tiny 0.2% annual mgmt charge....your charge for a $51 dollar purchase of BTC at the end of the year is measly and reasonable 10.2 cents on that fifty one dollar purchase and you can sell it too. Same 10.2 c cent cost for a roundtrip. Contrast that with Coinbase today - who will charge, as best I can tell, Joe Crypto Sixpack 6% or $2.99 to buy $51 of bitcoin (so much for getting away from greedy/sleazy banks with this new financial system that is democratizing finance for the little guy uh!)...6% in, 6% out if I read that properly.....so up to 12% taken off the table for a roundtrip, oh my lord...........so 30 or 60 times more expensive to transact, hold and sell BTC on Coinbase than it will be to buy,hold,sell inside these ETFs via trading on Schwab or Fidelity or Robinhood......and only one 1099b to deal with at the end of the year to boot! Coinbase is in deep dog doo.......and all the 0.01% custodial fees in the world looking after the assets of these ETFs is not going to make up for the lost revenue they had during the golden age of scalping their customer that they've enjoyed for the last decade......that party is surely over for them now?