Cryptocurrency Q&A
What is the largest bitcoin ETF in Canada?
What is the largest bitcoin ETF in Canada?
Arianna
Wed Aug 07 2024
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7 answers
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Could you please elaborate on the largest Bitcoin ETF operating in Canada? I'm curious to know which one dominates the market, its ticker symbol, and perhaps some key metrics such as its assets under management, trading volume, and performance over time. Understanding the largest Bitcoin ETF in the Canadian market could provide valuable insights into investor sentiment and trends within the cryptocurrency space.
7 answers
Chiara
Fri Aug 09 2024
The Bitcoin ETF under discussion holds a unique position in the global financial landscape as the world's first of its kind, launched in February 2021. This pioneering move has garnered significant attention and investments.
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Sofia
Fri Aug 09 2024
A distinguishing feature of this ETF is its direct holding of actual Bitcoin, providing investors with a tangible and secure exposure to the cryptocurrency market.
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Valentino
Fri Aug 09 2024
The ETF offers flexibility to investors by being eligible for both Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP), allowing for tax-efficient savings and investments.
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Thunderbolt
Thu Aug 08 2024
With assets under management totaling $664 million, this ETF has established itself as the largest Canadian Bitcoin ETF, demonstrating its popularity and credibility in the market.
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Elena
Thu Aug 08 2024
The management expense ratio (MER) of the ETF is 1.00%, reflecting a competitive fee structure that balances cost-effectiveness with high-quality services and performance.
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