Canadian bitcoin trust fund just got approved in canada

[zycrypto]

Canadian bitcoin trust fund, a cryptocurrency investment fund which allows people to make profit from the evergreen bitcoin increasing value without actually buying bitcoin has just been approved in Canada.

Recall that a similar fund platform in US, had applied before but got disapproved by the federal security regulator earlier march of this year.

Read More=> https://zycrypto.com/canadian-bitcoin-trust-fund-approved-canada/

[StockBet.com]

Good to see that bitcoin is growing in popularity in Canada.  We are based in Canada.

[pixie85]

This is great news, especially after ETF has been rejected. Canada is showing the world that it can be done.
The only question I'd have is: How is investing in that trust different from investing on your own? Since trust profits are based on the price of Bitcoin, the risk of buying their shares and buying Bitcoin is the same.

[StockBet.com]

This is great news, especially after ETF has been rejected. Canada is showing the world that it can be done.
The only question I'd have is: How is investing in that trust different from investing on your own? Since trust profits are based on the price of Bitcoin, the risk of buying their shares and buying Bitcoin is the same.

If you can buy the coin, it's better because you'll avoid the fees of the trust.

For many, it's a hassle to open an account with an exchange, go through KYC/AML again, set up a wallet or cold-storage.

With a trust, they can quickly trade it from their stock trading account.