Rebalanced and sold into TFSA to shelter in place
Ok, so I’ve been sitting with my full balance in Coinbase… ya I know, if I don’t have the coins they’re not mine yada yada…
Anyways, decided today to rebalance back to 50% BTC/ETH and then sold the excess BTC so that I could reposition the funds off of Coinbase and into an ETF in my TFSA account to shelter any gains from taxes.
Ya, it means I take a capital gains hit this year, but it is what it is.
Anyone else using ETFs to shelter from capital gains? Am I nuts? Do I need to worry about counter party risk with the ETF? I bought into BTCX.B from CI Galaxy.
Thoughts?
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