CryptoMercenary
Fri Jun 07 2024
|
5 answers
855
Why buy bitcoin ETF instead of bitcoin?
Could you elaborate on the reasons why someone might choose to invest in a Bitcoin ETF rather than purchasing Bitcoin itself? Is it primarily due to the convenience of trading on traditional exchanges or are there other benefits that make ETFs a more attractive option? Additionally, how do the fees and risks associated with Bitcoin ETFs compare to those of directly owning Bitcoin? Furthermore, are there any potential limitations or drawbacks to investing in a Bitcoin ETF that investors should be aware of? Finally, could you provide some insights into the performance of Bitcoin ETFs compared to the underlying asset, Bitcoin, in the past?
JessicaMiller
Thu Jun 06 2024
|
7 answers
1539
Is crypto restricted in Canada?｜Cryptocurrency trading is legal in Canada. You can buy, sell and trade crypto on many platforms. Indeed, in some areas, the country was at the forefront of regulation, beating neighboring USA to launch North America's first Bitcoin ETF.
Could you please clarify the status of cryptocurrency in Canada? I've heard conflicting information about whether it's restricted or not. Could you confirm that trading cryptocurrency is indeed legal in Canada? It seems to me that Canadians can freely buy, sell, and trade crypto on various platforms. Is that accurate? Additionally, I've read that Canada has been proactive in regulating crypto, even ahead of its neighbor, the USA. Is it true that Canada was the first in North America to launch a Bitcoin ETF? Your clarification would be greatly appreciated.
