full image - Repost: Howto convert large USDT to ETFs? (from Reddit.com, Howto convert large USDT to ETFs?)
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How would you go about converting a large stash of USDT to Traditional ETFs?Option A: Would you convert USDT to USDC (Uniswap), then USDC to CAD (Kraken), Withdraw CAD to your bank, Then transfer it to a brokerage (Eg: Wealthsimple) and buy ETFs there (Eg: XEQT)?Option B: would you rather convert USDT to USD (Coinbase), then withdraw to a USD savings account (Wealthsimple or a Bank), then transfer to a Cash USD Trading account, and buy ETF there (Eg: VT)?Reason for considering option B is, less steps and fees spent in conversion, and low MERs of US ETFs. Understand there is more tax reporting for US holdings.Not really looking for investment advice. Just wondering which method works best based on people’s experience here in converting crypto to traditional ETFs.
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