Buy Canadian BTC ETF with US IRA??

I’m pretty new to setting up IRAs. I’m under the impression that you can buy foreign securities under an IRA right? Has anyone used a broker to buy the Canadian Bitcoin ETF? I know Greyscale exists in the US already, but I don’t want to buy paper Bitcoin. Plus, I think that a real Bitcoin ETF will be approved in the US in the next few years, and I don’t want to lose on the current “discount” that Greyscale has.

Has any US citizens here used a broker to buy Canada’s Bitcoin ETF? Where can I do it? Thanks in advance.

#Buy #Canadian #BTC #ETF #IRA

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clue5tick

ETFs are fiat. Do you have a Bitcoin question?

witnessgreatness101

It’s possible to invest in foreign securities, including Canadian Bitcoin ETFs, through an IRA account, but it’s important to keep in mind that there may be some additional considerations and restrictions to be aware of.

First, it’s important to check with the custodian of your IRA to see if they allow for investments in foreign securities. Some custodians may have restrictions on the types of foreign securities that can be held in an IRA account, or may require additional paperwork or fees.

Additionally, you will want to check the regulations of your country, in this case the US, regarding investing in foreign securities. The IRS and SEC have rules for investing in foreign securities in your IRA, and you will want to make sure you are in compliance with them.

In terms of finding a broker that allows you to buy Canadian Bitcoin ETFs, it may take some research. Not all brokerage firms offer access to foreign securities. You might want to check with online brokerage firms that offer international trading capabilities. Be sure to do your own research and due diligence to make sure you are comfortable with the investment, the broker and the custodian, and also make sure to ask about any additional fees or taxes that may be associated with buying foreign securities.

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