Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.B


Primary Symbol: T.BTCC Alternate Symbol(s):  T.BTCC.U | PRBEF | PPBCF | T.BTCC.J

Purpose Bitcoin ETF (the Fund) seeks to buy and hold substantially all of its assets in the digital currency Bitcoin and seeks to provide unitholders of ETF units with the opportunity for long-term capital appreciation. To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin.


TSX:BTCC - Post by User

Comment by Shadow1973on Feb 18, 2021 11:59am
200 Views
Post# 32596197

RE:Crypto ETF!

RE:Crypto ETF! If you hold bitcoin on your own wallet and try to buy/sell, you will pay for the blockchain transaction to move from the wallet to the exchange and then for the buy/sell spread with your trading platform. So for example, Shakepay would cost you about 2% from the market cost of bitcoin, AND the gains would be taxable (Public Service Announcement: you have to tell the taxman about your crypto capital gains in a non registered account!). So the 1% MER in a bitcoin ETF held in a TFSA where any gains are tax free is a good deal.


<< Previous
Bullboard Posts
Next >>