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Monday, April 12, 2021

Does 3iQ CoinShares Bitcoin ETF worth the hype?

I think I may have reached $295,000 in net worth, and that being despite the gap created by Aphria Inc. (APHA) who decided to go down by -14.19%. Currently, inside my TFSA portfolio, my investment in Aphria Inc. is down to -18.93%. Today, my non-registered portfolio closed the session at $122,434.61, my US portfolio at $4,176.66 US, my TFSA portfolio at $116,805.36 and my RRSP portfolio - stocks only - at $57,711.73. I am probably in the $295k, but I am just not in the idea of updated my portfolio right now.


Also in my TFSA portfolio, my dividend income generated $418.07 in cash. My investment in Bitcoin Fund The Class A units (QBTC) gains +20.85% and my investment in Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B) gains +8.86%. If I would be selling now those two investments, I would be caching in a profit of $416.53, after commissions, free of tax. Nice, but I am willing to hold on to those two Bitcoin investments for now. 


Between Bitcoin Fund The Class A units (QBTC) and Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B), QBTC is by far better investment than BTCC.B. The Bitcoin Fund The Class A units (QBTC) is more volatile than BTCC.B, but this only works in its favor. However, I like to have something less volatile, like BTCC.B. My little favorite, Bitcoin Fund The Class A units (QBTC), is a 3iQ Corp's fund. Recently, 3iQ Corp announced the release of a new fund, 3iQ CoinShares Bitcoin ETF. I don't exactly understand the mix between 3iQ Corp, Bitcoin and CoinShares International Ltd. The 3iQ CoinShares Bitcoin ETF is not yet trading over the TSX. It will be interesting to see how this now fund turn out to be.

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