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Purpose Bitcoin CAD ETF Currency Hedged T.BTCC

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

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

Purpose Bitcoin CAD ETF Currency Hedged
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•••
Post by BlueGuitar1on Mar 08, 2024 10:23pm
85 Views
Post# 35924065

Who bought what...a summary

Who bought what...a summaryFidelity bought 6978 BTC for total of 122,956
BlackRock bought 3599 BTC for total of 191,131 Bitcoin

The seller was of course GrayScale at -5524 BTC.
Once retailers sell their BTC, they will never get it back and the price will be so high that the average person will never be able to own one.  We will be picking the scraps off the bones with fractions of a Satoshi. 

Blackrock and Fidelity keep eating everything up.  And now we learn that
Elon Musk could be buying BTC for Tesla.  We will know when their quarter is released.

And I think that Michael Saylor is helping Jeff Bezos to buy too.  






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