PRSA and Bitcoin

[sonandheir]

I am looking for an option to open a separate PRSA where I can do some AVCs and invest in Bitcoin.
I don't see any options in the Irish market for this.

Does anyone on here, with their sage advice, know how I would go about it?

I'd be interested in buying the Bitcoin ETFs as I don't think there is really any other option. Is there anyway in Ireland to set up a PRSA and invest in a specific ETF?

 

[LDFerguson]

You'll need to set up a self-administered PRSA for this with a platform to facilitate buying the ETFs.

I know that Independent Trustee Company is one option for this. There may be others.

Regards,

Liam
www.FergA.com

 

[PaddyIrishMan]

I’ve been getting Bitcoin exposure in my Davy Select PRSA by buying shares of MicroStrategy (ticker: MSTR). There basically a proxy for Bitcoin since the company holds BTC on its balance sheet. Their share price often tracks the crypto market pretty closely.

Unfortunately, Davy doesn’t currently allow direct crypto ETFs, so I’ve been looking at alternatives particularly to invest in an Ethereum ETF (since ETH has underperformed lately and might be due for a run). I’ve asked Standard Life if they would let me buy crypto-focused ETFs in their prsa. I’m waiting on their final response

 

[Brendan Burgess]

buying shares of MicroStrategy (ticker: MSTR). There basically a proxy for Bitcoin since the company holds BTC on its balance sheet. Their share price often tracks the crypto market pretty closely.

Absolute madness. If there is anything more stupid than buying Bitcoin, it's buying MicroStrategy

Microstrategy and Bitcoin

In a further boost to bitcoin's formative claim as digital gold, $1.2 billion business intelligence company MicroStrategy announced today that it had recently purchased $250 million worth of bitcoin - making it the company's primary treasury reserve asset. CEO Michael Saylor stated: "We find...

www.askaboutmoney.com