Bullboard - Stock Discussion Forum Purpose Ether Yield ETF - Class F T.ETHY

Alternate Symbol(s): PEYEF | T.ETHY.B | T.ETHY.U

The fund seeks to provide unitholders with monthly distributions and long-term capital appreciation. The fund will achieve its investment objectives primarily by obtaining exposure to Ether and by implementing a derivatives based strategy in respect of portfolio securities. The fund seeks to achieve its investment objectives by investing indirectly in long-term holdings of Ether primarily... see more

Add To Watchlist

TSX:ETHY - Post Discussion

Purpose Ether Yield ETF - Class F > The good thing about ETHY.B is that you are automatically

View:

Post by CriticalMind55 on Jan 29, 2024 12:03pm

The good thing about ETHY.B is that you are automatically

DCA-ing if you are in the DRIP program, so your numberof shares goes up, then Ethereum's Journey to $10,000 to $166,000 starts accoring to Cathy Wood.

ETHY.B is currently trading at around $4, the IPO was $10 and a lot of retail bought in at that price in 2021 including myself, but since then I have added 30% to the number of shares I own thanks to the DRIP program.

Etherium is trading at $2,293.74 US, if it reaches the two targets that is 10,000/2293.74 = about 400% upside so ETHY.B goes from 4 to $17! and Eth at166,000, puts the price of ETHY.B from $4 to $289!

Mortgage will be paid of plus a new car!

Cheers!

160