TRADING TIPS

Bitcoin Stock Options Question

Hubert Senters here. Got a question from Mike. Can you show me how to trade in Bitcoin in related stock option? Unfortunately Mike there’s not a good option at this point for you right now. To my knowledge I don’t think there’s a Bitcoin EFT in United States. Now, you could get one I think Sweden has one. I think Germany may have one. But the US as far as the SCC as far as I know not yet have not approve d an ETF in order to do that. Which if they have an ETF there’s no stock I wouldn’t think. Another way you could potentially look at trading the Bitcoin futures and getting options on that. But that’s even more sketchier because options on futures are even thinner and more volatile so. I mean Bitcoin alone is volatile so. I don’t think you have that option until the SCC. I finally figure out which way they’re going to start your decency. I think there’s a new lawsuit with ripple and the SCC and they’re thinking they’re being accused of I’m not a lawyer. I’m not a doctor. I don’t play on the internet. I’m a dude that likes to trade and make money and flipping different various instruments in the world. But you could do that. But right now I think. Don’t quote me on this. But I don’t think the Federal government as far as the SCC has made their mind up of how they’re going to treat these things because they’re going after ripple as a security. But they’ve already made rulings on Bitcoin and ETH as being currencies and ripple is the same thing so. Hey, I’m not a lawyer. So you don’t have an option to trade Bitcoin in a related stock option that I know of. If you guys know anything of it than I do give it to me and I’ll pass onto Mike. Mark Helweg is going to be doing a special webinar on ”How to Access the Ultimate Inside Info for the NYSE: And it’s 100% Legal!” because it is the tech. I use it everyday when I’m looking at the markets and planning on trading index futures or market proxy stuff. It’s really valuable if you know how to use it. In my opinion you give yourself an unfair advantage against other people but you didn’t need to know how to use it properly. I’m going to HYPERLINK you to the registration form. Good luck. Hope it helps. See you on the next video. Hubert.    

9 Comments

  1. Rich Walton

    I have traded GBTC through TD Ameritrade. Apparently, though, there are no options available on this ETF.

    Reply
  2. Jan

    Grayscale offers a Bitcoin Investment Trust that can be traded through any brokerage account under ticker GBTC. One share is equal to 0.0005054 Bitcoin,

    Reply
  3. Andrew Drossos

    GBTC

    Reply
  4. Paul

    For Mike,

    GBTC is a trust NOT an ETF that invests in Bitcoin

    Reply
  5. Virginia Davis

    GBTC Is the ETF for Bitcoin. No options on it yet. It has been around since May 2015 and does a pretty good job tracking Bitcoin. ETHE is another ETF tracking ethereum but is way too volatile to trade safely. I swing trade GTBC and have done well with it. I access it through TOS.

    Reply
  6. Jim White

    you can go to coinbase and buy positions

    Reply
  7. kanu vaidya

    GBTC

    Reply
  8. Michael

    Does GBTC work as a Bitcoin proxy?

    Reply
  9. TONY TLUSTOS

    Bitcoin ETF: GBTC
    Related stock? RIOT

    Reply

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