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Firms and advisors grapple with crypto | Investment Executive


Rudy Mezzetta
Canadian investment firms are taking a cautious approach to Bitcoin and other cryptocurrencies as client interest in the space increases and new products offer retail investors easier access to cryptocurrencies.
Financial advisors are divided on cryptocurrency’s place in client portfolios. Some advisors avoid digital currencies altogether while others embrace the investments but only for certain clients and with limited exposure.
“We’re incorporating ETFs backed by Bitcoin in RRSPs and TFSAs,” said Michael Zagari, an investment advisor in Montreal with Burlington, Ont.-based Mandeville Private Client Inc. “If [cryptocurrency prices] are going to go where you think they will go, you would want [those investments] to be in a tax-free environment.” Zagari said he recommends a 1%–5% position in cryptocurrency as a long-term holding for clients whose portfolios are already on track to meet financial goals. ....

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Investors bullish on Bitcoin, while advisors remain "overwhelmingly pessimistic"


Mark Burgess
As Bitcoin becomes more widely available to Canadian investors through a variety of new funds, retail investors are far more bullish on the cryptocurrency than advisors, according to a survey from Horizons ETFs Management (Canada) Inc.
Advisors are “overwhelmingly pessimistic” on Bitcoin, according to the fund company’s Q2 survey of advisor and investor sentiment, reporting a 45% bearishness. That was in contrast to enthusiastic investors who were 52% bullish on the cryptocurrency.
Every quarter, Horizons ETFs polls investment advisors and investors for their outlooks on expected returns for various asset classes. Expectations are expressed in terms of bullish, bearish or neutral sentiments. ....

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While investors are bullish on Bitcoin, advisors remain 'overwhelmingly pessimistic'


Mark Burgess
As Bitcoin becomes more widely available to Canadian investors through a variety of new funds, retail investors are far more bullish on the cryptocurrency than advisors, according to a survey from Horizons ETFs Management (Canada) Inc.
Advisors are “overwhelmingly pessimistic” on Bitcoin, according to the fund company’s Q2 survey of advisor and investor sentiment, reporting a 45% bearishness. That was in contrast to enthusiastic investors who were 52% bullish on the cryptocurrency.
Every quarter, Horizons ETFs polls investment advisors and investors for their outlooks on expected returns for various asset classes. Expectations are expressed in terms of bullish, bearish or neutral sentiments. ....

Mark Noble , Funds Group Inc , Purpose Investments Inc , Evolve Funds Group Inc , Asset Management , குறி உன்னத , நிதி குழு இன்க் , நோக்கம் முதலீடுகள் இன்க் , பரிணாமம் நிதி குழு இன்க் , சொத்து மேலாண்மை ,

Bitcoin ETFs begin trading in North America | Benefits Canada.com

North America’s first Bitcoin exchange-traded funds began trading on the Toronto Stock Exchange recently. The Purpose Bitcoin ETF, developed by Toronto-based Purpose Investments, was approved for trading last week by the Ontario Securities Commission. As of Feb. 18, units of the ETF were at $10.19 in late afternoon trading on the S&P/TSX composite index, up […] ....

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