- Access to international stock exchanges
- Low margin rates
- Powerful research tools
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
The VanEck Bitcoin Strategy ETF is going to hit the NYSE soon. Here's what we know about the public offering and how to buy VanEck Bitcoin Strategy ETF stock in Canada when it becomes available.
CIBC Investor's Edge
On August 9, 2021, VanEck Vectors ETF Trust filed a fund registration form with the US Securities and Exchange Commission (SEC) to open the VanEck Bitcoin Strategy ETF. Not yet an official IPO, this is one of the first steps of taking a fund public.
The ETF is expected to debut on the NYSE under the ticker symbol "XBTF" the week of October 25, 2021. VanEck wants to take the ETF public "as soon as practicable after the effective date" of its registration with the SEC. The opening share price is not yet known.
The VanEck Bitcoin Strategy ETF will not directly invest in Bitcoin or other digital assets. Instead, it will invest in Bitcoin futures. It may also invest in other funds that provide exposure to Bitcoin and Bitcoin futures.We'll update this page as more information becomes available.
Note: all dollar amounts on this page are in US dollars unless otherwise stated.
Once VanEck Bitcoin Strategy ETF goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
You won't be able to buy VanEck Bitcoin Strategy ETF stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.
Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).
Note: The dollar amounts in the table below are in Canadian dollars.
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply in your circumstances.Online stock trading
Everything we know about the Brera IPO plus information on how to buy in.
Everything we know about the TXO Energy IPO plus information on how to buy in.
Your guide to how ETFs work and whether this type of investment is right for you.
Steps to owning and managing TXG stock, with 24-hour and historical pricing before you buy.
The best stock trading app for beginners is easy to use and offers free trades.
Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.
A brand developer, healthcare company and wealth management group are among the IPOs expected to take place this month.
Owning a stock means you own part of a company and can potentially grow your wealth. But there is a risk of loss.
The best time to buy stocks could be right after an IPO, during expansion periods or when other investors are buying or selling.
Learn how to research stocks and find the right investment opportunities in 4 steps.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.