New Bitcoin ETF (BTCC) || Why is it a big deal? And should you buy in?
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Today’s video is a quick discussion of the brand new Bitcoin (BTC) ETF, or exchange traded fund, that started trading on the Toronto Stock Exchange today.
It goes by the ticker symbol BTCC and is managed by Purpose Investments.
This is actually huge news, because BTCC allows investors to take a position in Bitcoin from within a Tax Free Savings Account, something that couldn’t be done until today! My overall conclusion is that, if you are already considering buying Bitcoin, this is a great option. I can’t tell you if now is a good time to buy in, though…
If you want to see the breakdown of how much money this new ETF can potentially save Bitcoin investors… watch the video 🙂
Time Stamps:
0:00 Intro
0:22 What is BTCC?
0:57 Why is BTCC a game changer?
1:33 How much can investors save?
3:00 Should you buy into BTCC?
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holding 7000 shares of BTCC in my TFSA, buying every dip possible. each Quarter!
will there be contango?
Great video! What are your thoughts on the new bitcoin ETFs : EBIT, ETHX (for Etherium) and BTCX ? thanks
thanks. great vid
Thank you for this video. I recently purchased some shares just to start getting crypto in my portfolio. I know it’s a bit risky but I’m willing to buy some with my “leftover money” that I have at the end of the month. Will maybe invest some more with my tax return
if im just buying bitcoin on WS crpyto , newton or shakepay….im not going to be reporting that income. Hell no. How will the CRA even find out?
so…bitcoin ETF or buying bitcoin in wealthsimple crypto? which one is better i.e more return and less expensive?
Do u think there will be 3x leveraged btc etf?
How do you feel about btcx?
The rich see's economy crisis as a garage sale, that's why investing right now will be the best decision
Please explain how this ETF collects their 1% management fee? Thank you
good work! liked the video and the info you shared.
Around 30% of my portfolio is into this. Just imagine what will happen when the u.s. has a similar etf. 🚀🚀🚀
My question is how are they tracking the price of the bitcoin , since the two funds have different percentage change last friday, Feburary 19th. In addition to that, the % change on both Thursday/Friday last week are also different from actual bitcoin. I feel that one disadvantage of these bitcoin ETF is that it makes it impossible to know what spot price of bitcoin you purchased when purchasing the ETFS. Would love to hear your input on this. Thanks.
Cheapest exposer to bitcoin
how liquidable iis it?
The capital gains are only if you've sold that bitcoin correct?
I bought this and I’m form US so if I would sell it for profit, are you saying that I don’t have to pay capital gains for it ?
is this gonna go to the moon?
Clarification: you could previously invest in BTC from within a TFSA with a Closed-End Fund, but this is the first true Bitcoin ETF that directly tracks the market value of the asset