BITCOIN EFT

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I read that the first BITCOIN EFT is launching today. I know ABSOLUTELY NOTHING about bitcoin but have seen lots of discussion about it on discord. Are you taking a position on this EFT and if so what is your rationale?

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Asked on February 18, 2021 9:22 am
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The ticker is BTCC. Or, BTCC-U for USD.

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Posted by Dan Kent
Answered on February 18, 2021 12:23 pm
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Hey there. I actually did end up buying the ETF today yes, but I had crypto exposure to QBTC prior to this, so it's simply adding to my position.

It's an interesting phenomenon we're seeing with Bitcoin. Keep in mind, my exposure is still very small to the asset. It's pretty much the equivalent of a single stock holding within my portfolio at 5-7%.

Moving forward, much like how I hold a position in gold through a producer, I plan to maintain a position in crypto. If the price goes higher, I'll likely sell off and keep a tight balance on that 5-7% weighting, especially considering it's volatility.

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Posted by Dan Kent
Answered on February 18, 2021 9:43 am