SIPC
SIPP INDUSTRIES INC NEW
stock OTC

This is just one of the risks of crypto. There’s no FDIC or SIPC insurance.

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That well-funded, regulated, publicly traded, cash rich, SIPC insured Robinhood... Sounds risky and scary 😆

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This is just one of the risks of crypto. There’s no FDIC or SIPC insurance.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about [portfolios and specific investments in our monthly discussion post](https://www.reddit.com/r/fidelityinvestments/comments/1vdiv0u/monthly_investing_discussion_thread_investing/).
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
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That well-funded, regulated, publicly traded, cash rich, SIPC insured Robinhood... Sounds risky and scary 😆

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
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Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
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This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
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FDIC is backed by the Government. SIPC is not.

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Good questions.
If you hold cryptocurrency at Robinhood Crypto, you're trusting Robinhood Crypto to custody your bitcoins. You own actual bitcoins that you are free to withdraw if Robinhood Crypto permits it. Your risks are account compromise or Robinhood Crypto insolvency.
If you hold a bitcoin ETF, you don't quite own actual bitcoin. Your primary risk is that the custodian the ETF issuer is using loses the coins. The ETF does not insulate you from the realities of holding cryptocurrency. If the ETF issuer loses the cryptocurrency, you're still left holding the bag. You're still at risk of account compromise, although potentially to a slightly lesser extent depending on what brokerage you're using, and somewhat less at risk of brokerage insolvency because the equities you own in your brokerage account typically are not part of a bankruptcy estate (in most cases of cryptocurrency exchange insolvency, customer cryptocurrency balances were part of the bankruptcy estate) and because of SIPC protection.
It's also important to consider fees: I would expect Robinhood Crypto to charge you more for buying and selling, but they won't charge you anything for holding, whereas the ETF won't cost as much to trade but will have an annual fee.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*