Seeking Advice: Issues with Direct Bitcoin Holding vs. Bitcoin ETFs
Hi everyone,
I’m considering investing in Bitcoin and I’m torn between direct holding and investing through Bitcoin ETFs. I’m facing significant issues with both approaches and would appreciate any insights or alternative suggestions the community might have.
Issues with Direct Holding:
- Bank Problems: In Israel, banks might refuse to accept funds from Bitcoin sales, even when using regulated entities.
Issues with Bitcoin ETFs:
- Tax Concerns: Most ETFs are issued in the US, Ireland, Europe, or Canada . This could expose me to estate and inheritance taxes unless the ETF is issued in Ireland, which has a tax treaty with Israel and no estate or inheritance tax.
- Management Fees: ETFs come with management fees that can eat into returns over time.
Given these challenges, what would you recommend? Are there other factors I should consider, or perhaps other investment methods that could address these issues?
Thanks in advance for your advice!
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