I added it up that average cost would be 23.84 if you bought at the top once you factor in dividends.
I suppose I just have a personal aversion and distaste for predicting where the price of ANYTHING is going to be weeks or months from now. But if that's your thing,go for it.
The trade will probably EVENTUALLY work out but why is this thing dropping disproportionate to bitcoin itself? Seems strange.
Because it tracks Bitcoin futures so there is backwardation and contango...but no threat of hacking and a good dividend...doesn't need to track exactly like IBIT or the Bitcoin backed ETFs.
Just google US withholding tax in a TFSA. You'll find out if and when you get your first dividend and when you file your taxes.