Why I invested 3% of my portfolio into BTCC

On February 18th, Purpose Investments released the world's first Bitcoin ETF BTCC. It released at a price of $10 / a share and currently has ~ $420M AUM. BTCC charges an MER of 1% which is reasonable when comparing to other alternatives. Watch to learn about the pros and cons of BTCC and to see if this investment is right for you!

This is a great resource for comparing ETF Priemums / Discounts: bitbo.io/

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Note: I made an error when making this video, based on info from the prospectus there does not seem to be any theft insurance for the individual investor. I will link a page to the BTCC prospectus where you can read more.

documents.purposeinvest.com/Docs/BTCC/prospectus/e… ( Page 26 under "lack of insurance risk" )

Time codes:
0:00 - Intro
0:40 - BTCC, the world's first Bitcoin ETF
0:58 - How does BTCC work?
1:47 - BTCC Pros
2:20 - BTCC Cons
4:40 - Alternatives to BTCC
6:00 - Summary
6:40 - My 2 cents / my investment
7:25 - Outro

Instagram: nnmkhang

🎼Music:
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Disclaimer:
I'm not a financial advisor and you should always do your own research when doing any type of investing. Also if you wanna learn more about bitcoin there's a lot of people that are smarter and can explain it better than I can so I will link some resources below.

Resources / Refrences:
About Bitcoin:    • What is Bitcoin?  Bitcoin Explained Simply  
BTCC: www.purposeinvest.com/funds/purpose-bitcoin-etf
EBIT: evolveetfs.com/product/ebit/
QBTC: 3iq.ca/the-bitcoin-fund-qbtcu-qbtc/
Bitcoin best performing asset: www.independent.co.uk/life-style/gadgets-and-tech/…
Tesla buys $1.5B worth of Bitcoin: www.cnbc.com/2021/02/08/tesla-buys-1point5-billion…
NAV: www.investopedia.com/terms/n/nav.asp
Premiums and Discounts: www.etf.com/etf-education-center/etf-basics/unders…
Hedged vs Non-Hedged ETF: www.moneysense.ca/save/investing/can-currency-hedg…