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120 sats \ 10 replies \ @justin_shocknet 12h \ on: Are Some Whales Abandoning Self Custody? bitcoin
You can get a 5% APR margin loan, with only a 25% LTV, in pretty much any size with ETFs
That tool for speculative attack is a huge magnet for coins, there's nothing else even close
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30 sats \ 3 replies \ @sirstackalot 6h
Can you please ELI5?
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0 sats \ 2 replies \ @SimpleStacker 2h
AFAICT, a 5% APR (annual percentage rate) loan at 25% LTV (loan-to-value ratio) means:
  • If you put up $100k of your bitcoin ETFs up as collateral, you can borrow up to $25k with an annual interest rate of 5%.
(Putting your ETFs up as collateral means that if you fail to repay your loan, they confiscate your ETF shares)
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0 sats \ 1 reply \ @justin_shocknet 1h
You can borrow 75k
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0 sats \ 0 replies \ @SimpleStacker 1h
That would make it 75% LTV, no?
5% APR 75% LTV is actually really good, almost like a mortgage.
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11 sats \ 3 replies \ @siggy47 OP 11h
Wow. Who is offering this?
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47 sats \ 2 replies \ @justin_shocknet 11h
Robinhood for one, who I've honestly been pretty impressed with after moving a few things there there...
When researching rates Interactive Brokers was pretty close IIRC too.
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17 sats \ 1 reply \ @Bell_curve 9h
I need to login to Robinhood again
is it 5 or 6 percent?
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11 sats \ 0 replies \ @justin_shocknet 9h
LTV for IBIT is 25%, the others seem to be 30%
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0 sats \ 1 reply \ @fiatbad 8h
Yup. I haven't done this yet, but it is a tempting carrot. It does sound enticing to move some out of cold storage for this exact reason.
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0 sats \ 0 replies \ @justin_shocknet 5h
If you have room at the end of the year on your tax deductions moving some each year tax free is a good strategy
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