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Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.U


Primary Symbol: T.BTCC Alternate Symbol(s):  PRBEF | T.BTCC.B | T.BTCC.J | PPBCF

Purpose Bitcoin ETF (the Fund) seeks to buy and hold substantially all of its assets in the digital currency Bitcoin and seeks to provide unitholders of ETF units with the opportunity for long-term capital appreciation. To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin.


TSX:BTCC - Post by User

Comment by pentad2on Feb 19, 2021 10:49am
282 Views
Post# 32609153

RE:RE:I'm confused

RE:RE:I'm confusedIf you go to the purpose website you will see the current price in canadian and it says there is 6648.736 btcc shares per bitcoin.Simple math right now is $67630 / 6648.736 =$10.17. The stock is currently at $10.42. So it's trading at a premium to nav. 
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