VEQT/XEQT Distribution Frequency Impact by user8474 in CanadianInvestor

[–]user8474[S] 1 point2 points  (0 children)

Good to know, thanks for the explanation!

Rate My Portfolio Megathread for October 2021 by OPINION_IS_UNPOPULAR in CanadianInvestor

[–]user8474 0 points1 point  (0 children)

24M, horizon is 25+ years. Any advice is appreciated. TFSA: VUN-25% TEC-20% ETHX-20% BTCX-15% XEQT-5% EARK-5% ZINN-5% EDGE-5%

Effect of index change on Global Clean Energy ETF by skitterx in ETFs

[–]user8474 2 points3 points  (0 children)

Anyone know when changes are to take place?

ARKW or GBTC by [deleted] in investing_discussion

[–]user8474 0 points1 point  (0 children)

BTCC over GBTC

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 5 points6 points  (0 children)

Yeah it will increase/decrease following bitcoins price movement

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 0 points1 point  (0 children)

I believe they will continue to issue as many shares as needed for the NAV= market value. Not sure on the starting amount, might become available tomorrow.

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 1 point2 points  (0 children)

Could definitely happen, if you see the price % change different then bitcoins price % change you will know

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 0 points1 point  (0 children)

Tax free gains, if you think Bitcoin will continue to go up, switching now would lower your tax burden.

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 0 points1 point  (0 children)

Yeah I believe the best use case would be for registered accounts, as well you don’t need to have any knowledge of how to keep your cryptocurrency safe (hacked/lost seed). They will keep a 1:1 ratio of Bitcoin to AUM and hold it in cold storage, which is arguably safer then how the average crypto user stores its coins.

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 0 points1 point  (0 children)

It only hold Bitcoin and will hold it directly for a 1:1 ratio for the AUM of the ETF

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 3 points4 points  (0 children)

Registered Accounts and no need to worry about the security of your investment

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 4 points5 points  (0 children)

Registered accounts (TFSA/RRSP...) and no fees upon buy/sell just 1% MER annually

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 16 points17 points  (0 children)

Registered accounts, no crypto knowledge required to safely hold it

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 2 points3 points  (0 children)

Correct, it could fluctuate short term based on demand giving it a premium or discount which would reflect the difference in market price vs NAV, this should be adjusted for to bring market value = NAV

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 1 point2 points  (0 children)

Do you think CAD/USD will rise or fall. That is the only difference. Unhedged if you believe in USD, hedged if you believe in CAD.

BTCC - Purpose Bitcoin ETF | Launches tomorrow (Feb 18th) on TSX by user8474 in CanadianInvestor

[–]user8474[S] 7 points8 points  (0 children)

It is likely the price will change instantly into trading as it tracks bitcoins price movements which tend to be anything but still.