are there options out there for ETFs that can capitalize on BITCOIN and can be purchased on the TSX?

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Asked on June 17, 2024 8:02 pm
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Hey there. There are numerous options. Something like BTCC for example is a solid Canadian ETF. BTCX is another.

The only difficulty for Canadian options is the fees are, to put it lightly, ridiculous compared to their US counterparts.

Many Canadian Bitcoin ETFs charge fees in excess of 1%. You can get a US ETF like IBIT (I'll drop a link to our report on the fund below) for less than 1/4 of this fee.

I moved all of my Bitcoin investment from BTCC to IBIT pretty much immediately once IBIT was released. Yes, I paid currency transaction fees to do so, but I'm also paying 1% less annually in fees.

https://www.stocktrades.ca/premiumfiles/Stocktrades-ETF-Insights-iShares-Bitcoin-Trust-ETF-IBIT.pdf

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Posted by Dan Kent
Answered on June 17, 2024 8:15 pm