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ISHARES BITCOIN TR (IBIT $41.57)
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iShares Ethereum Trust ETF (ETHA $16.34)
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Ishares Bitcoin ETF (IBIT)
Q: Would you add/buy crypto ETFs now , Bitcoin and/or Etherum ? In USD or CDN?
I hold a small amount of BTCC.a. I sold my ETHX-U in 2023, close to the actual price.
I also have a new position in GLXY.
Thanks.
I hold a small amount of BTCC.a. I sold my ETHX-U in 2023, close to the actual price.
I also have a new position in GLXY.
Thanks.
5i Research Answer:
The negative momentum is of course unnerving. We would be OK, chipping away on the buy side at GLXY for new investors (slowly); its reaction to the difficult quarter (comments posted) is harsh, but there are reasons behind it. If crypto recovers the stock could do well. We would prefer to go slowly, and might stay away from crypto ETFs until we see some settling down.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in IBIT, ETHA, IBIT.