Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy N/A (N/A) shares

Learn how to easily invest in N/A shares.

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 you can now buy units in the ETF through a global stock broker or online share trading platform.

While this is simple enough if you’re Canadian, Kiwis who want to invest in BTCC will need to do a little homework. There are limited brokers that offer Canadian stocks or ETFs in New Zealand and the process isn’t quite as simple as buying into US securities.

Popular share trading platforms such as Sharesies, Hatch and Stake don’t offer access to the TSX, but all is not lost. ASB Securities does allow traders to invest in Canadian shares and ETFs, but it’s worth pointing that interested traders will have call to ASB and make their buys over the phone – online trading is not an option for non-NZ or AU shares through ASB.

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.

There are no cryptocurrency ETFs listed on the New Zealand Exchange (NZX).

Compare all ETF brokers

Name Product Available Investment Types Min. Monthly Fee Available Markets
OFFER
Sharesies
Shares, ETFs, Managed Funds, Index Funds
$0
US, NZ, AU, Funds with exposure to multiple markets
Finder Exclusive: Sign up through Finder and use the promo code "FINDER22" for a free Sharesies Wallet top-up valued at NZ$10. Promo code is valid for new investors from Tuesday 4 January 2022 - Friday 4 March 2022. Ts&Cs apply.
Trade and invest in more than 8,000 companies, ETFs and managed funds across New Zealand, the US and Australia.
OFFER
Hatch
Shares, ETFs
$0
US
Sign up to Hatch through Finder and get a $20 top-up when you deposit $100 or more.
Invest in more than 4,100 US companies and exchange-traded funds (ETFs) - no minimum investment or monthly fees.
OFFER
Stake
Shares
$0
US
Sign up through Finder and use referral code "FINDERNZ" for a free stock valued up to US$150.
Trade more than 4,500 US-listed stocks and ETFs through Stake with $0 fees on trades.
Zacks Trade
Zacks Trade
Shares, ETFs, Bonds, Options
$0
US, AU, Funds with exposure to multiple markets
Trade and invest in global shares, ETFs, bonds, and options across more than 90 international exchanges with no inactivity and maintenance fees.
loading

Compare up to 4 providers

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.

More guides on Finder

  • Investor influx: 1 in 4 Kiwis are using share trading platforms

    A growing number of Kiwis are investing in the stock market via an app or online platform, according to research by Finder.

  • Best Shiba Inu (SHIB) wallets

    Shiba Inu (SHIB) is an ERC20 token that can be stored in any Ethereum wallet. Pick a SHIB wallet for long-term storage, short-term trading, or both.

  • Dogecoin vs Shiba Inu

    We dive into the two most prominent meme coins to understand their similarities and differences, and to compare them on supply and other features.

  • Bitcoin ETFs guide

    Bitcoin ETFs sound simple, but come in many different forms. We unpack how they work, what makes them different and compare exchanges that let you trade them.

  • How to buy BITO ETF (BITO) shares

    Steps to owning and managing ProShares Bitcoin Strategy ETF, with 24-hour and historical pricing before you buy.

  • Solana (SOL) price prediction 2022

    Your guide to what to expect for the price of Solana (SOL) in the weeks and months ahead.

  • How to stake Tron

    Find out how to stake your TRX tokens and how Tron’s delegated proof-of-stake consensus mechanism works.

  • How to buy Illuvium (ILV) in New Zealand

    This guide will show you step-by-step instructions on how to buy the Illuvium (ILV) token as well as a list of exchanges you can trade it on.

  • How to stake and earn AAVE

    Find out how to leverage AAVE token holdings to earn interest. Stake in the Aave safety module or provide liquidity to a DeFi protocol.

  • How to stake NEO

    NEO staking involves locking up NEO tokens to earn rewards.

Go to site