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Purpose Ether Yield ETF - Class F T.ETHY

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

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 through investment in units of the Purpose Ether ETF and implementing an option writing strategy (as described below). The fund may also invest in other investment funds which provide exposure to Ether.


TSX:ETHY - Post by User

Comment by Judoka4evaon Mar 28, 2022 1:38pm
374 Views
Post# 34552635

RE:RE:If crypto is digital gold, this should be soaring right now.

RE:RE:If crypto is digital gold, this should be soaring right now.There is no "set dividend", so no its never gonna make up their mind. Please read the prospectus. It will always vary depending on how much they make from the premiums on the covered calls.

If you expect a set consistant dividend you came to the wrong etf.
Maybe looke at something like HYLD.to (by Hamilton).

According to Purpose who is running the fund they believe ETH has been severly undervalued and should be priced much higher. They think at some point should stabilze more consistent price.
Is it likely the covered call itself will be worth less if its a price that doesn't change often? Probably.
Dividend (its actually a distribution) will be lower, but the underlying etf if following ETH enough will go up. 

At the moment the volilitily gives it such a high premium compared to S&P.

Its all laid on their website, take a look.


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