BTCY and ETHY
I'm looking to add some crypto exposure to my TFSA and RRSP. I think BTCY and ETHY seem like good options given their high dividend rates. FBTC, MSTR, and ETHX are also obvious options.
What am I missing about BTCY and ETHY? Given the move with BTC and ETH (but they don't go as high), and pay out high dividend rates, they seem perfect if someone wants to hold them long-term, maybe sell some at peaks, but also benefit from holding. Posts I can find from years ago talk about declining dividend rates, but BTCY is currently 0.085 per share, and ETHY is 0.047, both near their highest levels (and either way, that's still +20% dividends).
They seem like a no-brainer to me, but I'm likely missing something. Any advice would be greatly appreciated.
And yes, I know, not my crypto, not my keys, but gains in TFSA are tax-free, and RRSP contributions 'make' 28.2% immediately and allow for truly long-term thinking, so having crypto exposure in a wallet plus these accounts is a good idea.