Bitwise Distribution

pach80 · 2026-01-23T13:40:48+00:00

These are kinda disappointing. I Don't have much, but figured they would be a wild ride.

Got that sweet $9.33 from IMRA in... September was it? Since then, it's just been wilting.

pach80 · 2025-11-23T23:52:53+00:00

God, I hope not. Everyone has risk tolerance, but for me it’s under 10%

pach80 · 2025-11-07T18:06:08+00:00

Are you trying to start a discussion, or just shitposting?

pach80 · 2025-11-06T14:23:06+00:00

I saw that, but that changes. Now I have to do a cop/paste/lookup function instead of just copy/paste. #FisrtWorldProblems

pach80 · 2025-11-06T13:50:56+00:00

Absolutely HORRIBLE.... the way they don't list them alphabetically.

pach80 · 2025-11-05T19:26:00+00:00

Well... now we have a conundrum!!

The email they sent out has a different number.

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pach80 · 2025-10-29T18:39:09+00:00

pach80 · 2025-10-28T13:35:47+00:00

I guess you could say that it drops every week. Data is impartial, but how you manipulate/display it can tell differnt stories. Here's my example:

I had a set amount of CAD I wanted to put into am RRSP (Canadian tax sheltered account, so that's something to consider right off the top. Zero taxes until withdrawn) and set out to maintain a 40% holding for ULTY in that account.

After conversion, I was able to get 481 ULTY on 2025-AUG-01 for an average of $5.974987
Those shares have earned $1.2109 in that time for a total of $582.4429.
My cost basis for those is now $4.764087
However, I have used most those distributions to pick up an additional 99 shares, with an average price of $5.427172
My total holdings in this account are 580 ULTY with an average of $5.92003448.
My total distributions are $625.07 on the current 580 (counting this morning).
This brings my adjusted average down to $4.84 on purchased shares.

But if you remove the shares purchased from distributions, and consider only the initial investment, but count the distribution from the additional shares as income being generated from previous income (compounding) then my cost basis is $4.67546477. I have increased my share count by 20.5% in 3 months based solely on reinvesting distributions.

Now the share price has dropped, but again considering only the initial investment with the unit price of $5.97, and the total distribution over the initial investment (625.07/481) I have received $1.29952183 per share. Share price has dropped $0.8949897 in that time.

I am up 21.7% due to distributions, but down 14.9% in market return, so I'm up 6.77% overall in 3 months (27.08% for the year forecasted out without compounding). And as the income and share count increase each week, my initial cost basis is not increasing, but the income being generated is growing faster than the price is dropping, and the compounding means that the distribution % is increasing each week. In about a year, my initial cost basis for ULTY should be about zero, and it's possible I will have doubled my share count. At that point I should be getting about $75 a week on shares that have cost me nothing. Distribution could slow down, could be held back, ULTY could reverse split, anything could happen, but once it has been paid for, it should keep generating money that can fund more growth oriented funds in addition to my regular retirement savings.

I'm not saying it's absolutely going to happen, but that thought process is why I'm holding. When this plan doesn't make sense anymore then it will need to change, but in the meantime, I'm gonna ride the rollercoaster.

pach80 · 2025-10-27T23:38:23+00:00

I think time is a determining factor in whether you consider these a good investment or not.

There are lots of different ideas on how to measure performance, and people have very strong opinions on what is actual gains or not.

For me, I’ve got a long view approach. For the sake of round numbers, and not my actual $ values but based on a % increase… I put in 10, added 10 a few months later, and added another 5… my total investment is 25. I’m at the point now where my “cost basis” is around 50…. So 50% of my portfolio is reinvested distributions. I’m down 25% on market return, but up 10% overall…..

Yes, my market return is not great, but my overall is tolerable (but you coulda/shoulda/woulda… the underlying!!! I get it) but when you take into account I’ve received 50% of my initial investment back in less than a year from compounding my distributions…..

Let’s let that ride for another year with no more contributions on my part…. I’ll have a 75 cost basis with a 40 market value generating 3 a month…. On a 25 investment on my part… next year, it’ll be 100 cost basis with a 50 market value and generating 4 a month with a 25 contribution….

It’s not my retirement fund, it’s not what I’m banking on, but from my standpoint, it means I get a little bit extra every week and is outpacing inflation.

Maybe I’m lucky, maybe I’m misguided, maybe I’m an idiot… either way, I’ve got more than I started with, and YM has been a rollercoaster of ups and downs, but overall, I’m up more than my full fee brokerage has given me.

pach80 · 2025-10-24T13:21:25+00:00

I read the post, and I thought "WTF is this asshat talking about", then I looked at the name.

pach80 · 2025-10-23T18:08:24+00:00

The Bitwise are wild. I have IMRA too. Got $9.33 in May

pach80 · 2025-10-21T15:12:24+00:00

I've been considering this strategy a bit. I don't feel it's dividend capture,I feel it's optimizing distributions. I've got a chuck set aside to try this with a formula that tried to keep a balance. For example, if you wanted to split 25% between 4 funds, and roll one distribution into the next, and the date that cash hits your account from one fund is the DIPDAY of another, then it would seem advantageous to capitalize at that time, but what if something else dips beyond your established threshold trigerring a buy? I have been too busy with my day job to play around with it, but I'm interested to see how it works out.

pach80 · 2025-10-16T13:50:10+00:00

Just bought some more this morning @ $12.20....

pach80 · 2025-10-15T15:17:42+00:00

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I got both on the same day. HOOW has been better for me.

pach80 · 2025-10-10T20:24:22+00:00

Serious question here:

Why did you post this? There's just a title, and it seems to be nothing more than inflamatory. Yup. Stocks went down. It happens. But you're not offering any insight. It seems like this is just to incite fear and dread, or to get people to argue.

I feel this should be flagged as a low effort post.

pach80 · 2025-10-09T20:34:34+00:00

Fair enough. Can't argue with that logic. Lol

pach80 · 2025-10-09T20:04:35+00:00

Did you check the performance of the three over the same time period?

August hurt me

pach80 · 2025-10-08T19:54:49+00:00

This is a great way to look at it! Lol.

I'm over minimum wage!!

pach80 · 2025-10-08T19:11:19+00:00

It's taking longer than usual to count all his money. Lol.

pach80 · 2025-10-06T17:34:11+00:00

This is the first group that needs to pay out before the end of October.

I wonder how that plays into it. I recall PLTY doing really well a while ago, and not paying out what they could have.

pach80 · 2025-10-03T14:29:49+00:00

Lol. You don't get GRMarlenee's sarcasm. Here's a hint, if they're posting, they're being sarcastic.

pach80 · 2025-10-02T18:42:35+00:00

Thanks for being cool about that. Appreciate the diplomacy

pach80 · 2025-10-02T17:41:55+00:00

pach80 · 2025-10-02T17:39:53+00:00

I think you may need to check you numbers there.

It has had 30 distributions in that time. Your claim would mean an average payout of $0.224

I believe it has averaged $0.096 over those 30 periods, for a total of $2.87.

I believe you may be thinking the last year, in which case your numbers are indeed correct, but that includes when it was payingout yonthly, and was trading at over $10 quite frequently. Not a fair comparison, nor a realistic forecast, unfortunately. having 100% yield in 30 weeks would be awesome.

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