Send large amounts via wire transfers on web and Android.

April 7, 2022Product
Written by
Andrew Semuschak
Estimated read time - 7 min

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Newton is a low-cost cryptocurrency trading platform. We’re hyper-focused on providing affordable trading, funding, and withdrawals while giving you a seamless experience, speed and security for your transactions, and exceptional customer service.

Newton is a low-cost cryptocurrency trading platform. We’re hyper-focused on providing affordable trading, funding, and withdrawals while giving you a seamless experience, speed and security for your transactions, and exceptional customer service.

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Curious about Bitcoin ETFs? Read the pros and cons of Bitcoin ETF's in Canada.

How ETFs work

An ETF is a fund that trades on the stock market, and is tracked to another security or commodity. ETFs are usually baskets of many stocks that you can purchase in one transaction through your broker.

Another view

An ETF is a fund that trades on the stock market, and is tracked to another security or commodity. ETFs are usually baskets of many stocks that you can purchase in one transaction through your broker.

There are ETFs for stocks in the same sector (like a technology ETF), indexes (like the S&P500), foreign currencies, commodities and more. A Bitcoin ETF is tracked to the price of BTC, so investors gain exposure to the asset, without actually having to hold Bitcoin themselves.
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How to buy an ETF

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Bitcoin vs EFTs

There can be advantages to owning a Bitcoin ETF, but it is important to note that it's not the same as owning actual Bitcoin. Depending on your individual interest in crypto and DeFi, owning your own BTC might make more sense for you. Here are the pros and cons:

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