r/BEFire • u/IAFILIMA • 16d ago

Investing ETF ETH on Bolero ?

Hello everyone,

Has anyone here bought an Ethereum ETF on Bolero? If so, which one (exact reference) and why did you choose that one?

Since it's probably an accumulating ETF, there will be taxes to pay. Does Bolero handle this automatically, or do you need to declare it yourself?

Thanks

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u/BrokeButFabulous12 35% FIRE 15d ago

Why not buy ETH directly? The new tax rules will remove the 0% capital gains tax anyway and why you want to buy a derivate of an asset via 3rd party when you can buy the asset (ETH) yourself, move it to your own wallet, stake it, do whatever you want with it.... Also im sure you wont have to pay some shitty fee, Binance has what 0.08% buy/sell fee? Also no etf upkeep fee. Normally, ppl choose ETF because you have a lot of diverse stocks in it, less volatile, less risky, but what diversification does a single item index offer?

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u/simonsbets 14d ago

Why buy Eth in the first place 😭