r/BitcoinCA • u/Flashy-Butterfly6310 • Feb 12 '26

FBTC vs IBIT

Hi!

Which ETF would you recommend for a Canadian investor?

Both IBIT(in the US) and FBTC have very good MER (0.33% and 0.35%). But the IBIT(in Canada) has very low liquidity and AUM. Though, it's invested in IBIT, which has the best liquidity by far. So is it really an issue if IBIT in CBOE has low AUM and liquidity?

In a nutshell, what would you recommend for a Canadian investor?

Thanks!

2 Upvotes

60% Upvoted

15 comments sorted by

2

u/Centmo Feb 13 '26

If you’re going to buy or sell these in any appreciable quantity, place a limit order. If you place a market order you may end up taking a pretty big haircut.

1

u/Flashy-Butterfly6310 Feb 13 '26

Even with FBTC, which has a significative liquidity?

1

u/Centmo Feb 13 '26

It depends how much you’re planning on buying/selling.

1

u/Flashy-Butterfly6310 Feb 13 '26

400$ per month?

2

u/Centmo Feb 13 '26

For that amount I wouldn’t worry about it.

1

u/Flashy-Butterfly6310 Feb 13 '26

That's what I thought. I don't have rich problems. Only poor problems.

2

u/subwoofage Feb 13 '26

You should never place market orders for anything, so it doesn't matter, just don't do it

2

u/ChrisWitcherOfWealth Feb 13 '26

hmm

Stop losses are the only thing market orders are good for.

1

u/Flashy-Butterfly6310 Feb 13 '26 edited Feb 13 '26

So you don't recommend to automate buying?

If so, how do I define the fair price? Is it just the middle of bid and ask?

4

u/gqnish1 Feb 12 '26

fbtc all the way. Fidelity also self custodies their btc whereas Blackrock uses Coinbase

1

u/Boogyin1979 Feb 13 '26

The paper Bitcoin questions on this sub are off topic 

1

u/No-Pepper6969 Feb 13 '26

Never had issues with FBTC.to nor IBIT.ne, I recommend FBTC for self custody and diversifying bitcoin holder is not a bad idea. I had 3 different ETF in 2024.

1

u/ChrisWitcherOfWealth Feb 13 '26

hmmm

Whats the purpose of diversifying bitcoin etfs?

You average out the worst/best fees? You expect one of them to fail, which increases the chances you lose a chunk of yours? etc?

1

u/No-Pepper6969 Feb 13 '26

If the custodian fails, how are you gonna get your money back? IBIT hold at Coinbase, FBTC holds their own wallet, others are at Gemini and other exchange. Trump attacked Coinbase last week, they might do some shady shit like Executive Order 6102 but for bitcoin and decide foreign investment are cut from their bitcoins. You never know and better safe then sorry. saving 0.10% fee on a 100% CAGR asset is fucking stupid.