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Not that I would ever buy a BTC ETF since it precisely negates what I believe Bitcoin to be useful for Yeah I know what you mean, although one competitive adva
by rkagerer 3y ago
Not that I would ever buy a BTC ETF since it precisely negates what I believe Bitcoin to be useful for
Yeah I know what you mean, although one competitive advantage of the fund is it can be invested in a tax-free savings accounts not subject to capital gains tax (I haven't seen a practical way to do the same with the raw commodity).
- lxgr 3y agoSure, being able to rebalance without incurring a tax bill is nice, as is not having to worry about procuring the right type of tax forms since your brokerage does most of the work for you. But is there actually a difference for pure buy-and-hold investors in most jurisdictions? I know of at least one jurisdiction where an ETF is actually disadvantaged against physically holding cryptocurrency.
- MacsHeadroom 3y agoYou can hold raw Bitcoin in a self-directed IRA. You just hold it and do the paperwork. You can hold just about anything in a self-directed IRA, including beanie babies.
- rkagerer 3y agoIs there an equivalent in Canada?