Cryptocurrency ETFs

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Kanto
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Re: Cryptocurrency ETFs

Post by Kanto »

I think it is worth mentioning that the main advantage of an ETF structure is that it can be held in a tax-advantaged account.

That is why Canadians investors were excited by the new crypto ETFs as they can be held in a TFSA (Canadian Nisa, but better).

Without that benefit, I also would stick to holding the coins themselves. Japanese regulations on cold storage make the exchanges here look a bit more reliable (post Mt. Gox).
fools_gold
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Re: Cryptocurrency ETFs

Post by fools_gold »

Some of the Canadian ETFs don't actually hold any crypto and just use futures instead. I'd be wary of these particular ETFs as they just add another layer of risk.
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