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❕NEWS Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund

L

LutherKing

Guest
Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlie
r reports on the matter.

Fidelity provides tax free savings accounts for investors and holds currently $162.27 billion worth of funds from Canada's markets

All the users of the etf just have to pay 0.4% taxes annually in this investing
 
This is a good one for fidelity as they have been able to fulfill what was announced a while back of them having their Bitcoin ETF and Bitcoin mutual fund. This will not only benefit the users but fidelity too. it will be a two gains for everyone involved. I'm sure others will take a cue from this and begin to think of having their as well.
 
fidelity providing a tax free saving account is actually good ,most users that are tired of the huge taxes from the banks could sum up and save in the platform ,it's all good they are holding such amount , showing how far they have gone to holding users fund and giving interest
 
Yes when you buy such a product the tax is the first thing that comes to mind NAD especially when you have to pay a 30% tax to the authorities you actually think about it many times oj the other hand 5-10% is still relative and relaxed tax limits so that allows more investors to look towards investment actually .
yeah the authorities charges more tax ,it could be best to look at an alternative ,I think to me the 5 percent tax charged could be much ,most especially if it's weekly ,It all depends on timeframe the tax is charged , I think if it's in a monthly timeframe , it still depends or weekly time frame basis
 

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