why did you swap btcc for ibit?

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Asked on March 1, 2024 8:55 pm
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It is more a question than an answer:

On YAHOO FINANCE, BTCC-B.TO the expense ratio is indicated as zero (0 %) - Currency hedged
Whereas IBIT indicates an expense ratio of 0.12 %

I don't understand when you claim that you swap BTCC for IBIT to save expense fee !

Please explain if there are hidden fees than are not visible.

Thanks, Laurent

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Posted by Laurent Gagnon
Answered on January 30, 2025 7:17 am
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Hey there. Mostly a fee thing. BTCC has high fees, around 1.4%~. IBIT is a fraction of this. These new US Bitcoin ETFs are likely going to put some pressure on Canadian funds to lower fees. If you think about it, even if one were to pay the currency exchange fee in full at a platform like Wealthsimple Trade, you save that FX charge back in fees in just over a year.

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Posted by Dan Kent
Answered on March 2, 2024 8:26 am