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How to invest in the BTCC Bitcoin ETF in Ireland

To buy ETF units in BTCC, you'll first need to sign up to a broker with access to the Toronto Stock Exchange.

The “world’s first” physical Bitcoin exchange-traded fund (ETF), the Purpose Bitcoin ETF (TSX:BTCC), has officially launched on Canada’s Toronto Stock Exchange (TSX). This means that investors in Ireland can now buy units in the ETF through a global stockbroker or online share trading platform.

While this is simple enough if you’re Canadian, Irish traders wanting to invest in BTCC will need to a do a little homework. There are limited brokers that offer Canadian stocks or ETFs in Ireland and often the fees to invest are much higher than if you’re buying Ireland securities.

One online broker that offers $0 brokerage trades on Canadian securities is Degiro. Other brokers include Saxo Capital Markets and Interactive Brokers. You can check out how other brokers compare in the comparison table below.

How to buy the BTCC ETF

  1. Compare online brokers. To invest in Canadian exchange-traded funds (ETFs) from Ireland, you’ll need to sign up to an ETF broker platform with access to Canadian stock exchanges. Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for the Purpose Bitcoin ETF. Find the ETF by name or ticker symbol: BTCC. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until the Purpose Bitcoin ETF reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today’s price, weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs.
  6. Check on your investment. Congratulations, you’ve invested in the Purpose Bitcoin ETF. Optimise your portfolio by tracking how your ETF performs with an eye on the long term.

What we know about BTCC

The Purpose Bitcoin ETF began trading on Thursday in Canada under the ticker symbols TSX:BTCC.B and TSX:BTCC.U. The BTCC.B fund is Canadian dollar-denominated while the TSX:BTCC.U version is US dollar-denominated. Neither option is currency hedged.

Launched by Purpose Investments and headed by CEO/founder Som Seif, the fund is designed to give investors exposure to the digital currency by investing in physically settled Bitcoin.

Although it has been called “the world’s first Bitcoin ETF” by the TSX, it’s worth noting that other “Bitcoin-themed” or blockchain ETFs do exist, although they track companies with exposure to digital currencies, rather than physical/digital Bitcoin. BTCC is the first direct custody Bitcoin ETF.

There are also several cryptocurrency funds available in Europe that behave similarly to ETFs. To check out other Bitcoin-related ETFs, check out our cryptocurrency ETF guide.

At the time of writing, there are no cryptocurrency ETFs listed on Euronext Dublin. However, investors in Ireland can access cryptocurrency ETFs through providers like Coinbase.

Compare global ETF brokers

warning iconWarning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Name Product Standard Brokerage Fee Markets Products
eToro
US stocks: $0
Global
Stocks, ETFs, Currencies
Trade more than 1,000 stocks globally with eToro's social trading and investment platform
Saxo Markets
IE stocks: €12

US stocks: US$7
Global
Stocks, ETFs, Options, Futures, Bonds, Currencies
Saxo Markets provides an online platform for trading stocks, shares, CFDs, and forex around the world
DEGIRO
IE stocks: €2 + 0.05%

US stocks: €0.5 + US$0.004 per share
Global
Stocks, ETFs, Funds, Options, Futures, Bonds
Investing carries a risk of loss
Degiro's platform can help new and seasoned investors access 50+ global exchanges with low fees
Zacks Trade
IE stocks: No

US stocks: US$1
Global
Stocks, ETFs, Funds, Options, Bonds
The Zachs Trade platform offers stocks, ETFs, bonds, options, and more with access to more than 90 exchanges worldwide
Freedom Finance
Freedom Finance
IE stocks: €2


US stocks: $2

Global
Stocks, ETFs, Options, Futures, Bonds, Currencies
Capital.com
Capital.com
IE stocks: No

US stocks: €0
Global
Stocks, ETFs, Currencies
Access thousands of the world's leading indices, commodities, cryptocurrencies and shares on a single platform.
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Compare up to 4 providers

How to invest in ETFs

To find out more about ETFs, you can head to our guide on how to invest in exchange traded funds.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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