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Bullboard - Stock Discussion Forum Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.B


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

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... see more

Bullboard (TSX:BTCC)

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Comment by Gmoney5000on Feb 18, 2021 1:06pm

RE:RE:Crypto ETF!

I just jumped in without knowing anything... thanks to everyone pointing out my failure to do research on the etf before buying it. I am still happy to be going along for the ride.  I would buy ...more  
Comment by Mat1791on Feb 18, 2021 12:32pm

RE:RE:Fair Value...

Shadow, I used CAD priced bitcoin, but yes, the swings between USD/CAD will either add or subtract from our experience.  They will launch a hedged CAD version just BTCC later, but I generally ...more  
Comment by Shadow1973on Feb 18, 2021 12:29pm

RE:Fair Value...

Good observation, Mat. I took a 1/2 position to see how the NAV story plays out. The price spiked to almost $11 at open but then went down closer to $10 before settling. It is an unhedged ETF so there ...more  
Comment by Mat1791on Feb 18, 2021 12:28pm

RE:Crypto ETF!

Gmoney, BTCC is only invested in BitCoin, not any other cryptos...
Comment by Gmoney5000on Feb 18, 2021 12:25pm

RE:RE:Crypto ETF!

You didn't actually say anything...?  Thanks for the link... yes there is risk!  not a pumper just happy to get some exposure to bitcoin.
Post by Mat1791on Feb 18, 2021 12:21pm

Fair Value...

Nice to see the board starting to develop.  Hopefully, unlike most boards, we don't end up with all the "crazies" From what I gather, $10 per unit set on Feb 11, 2021 Bitcoin ...more  
Comment by Shadow1973on Feb 18, 2021 11:59am

RE:Crypto ETF!

If you hold bitcoin on your own wallet and try to buy/sell, you will pay for the blockchain transaction to move from the wallet to the exchange and then for the buy/sell spread with your trading ...more  
Comment by Newt3on Feb 18, 2021 11:58am

RE:Crypto ETF!

Gmoney5000 You wish ya pumper. & Do NOT say you do not understand what I am talking about! Read this document below! https://documents.purposeinvest.com/Docs/BTCC/prospectus/en/Purpose%20Bitcoin ...more  
Post by Gmoney5000on Feb 18, 2021 11:47am

Crypto ETF!

I like the exposure to crypto currencies with this etf rather than buying a single type 
Post by 7Twiggyon Feb 18, 2021 11:43am

Could get interesting this afternoon

Most like more of a gamble than an investment, but I could not resist puting my foot in the water. A lot of traders wait till after the first hour to see how things are going, so it could get ...more  
Post by Shadow1973on Feb 18, 2021 11:31am

investors exchanged US$80M in 1st hour of BTCC trading

North America’s first Bitcoin ETF got off to a stellar start in its first day of trading, with investors exchanging US$80 million worth of shares in the first hour. The Purpose Bitcoin ETF (ticker ...more  
Post by Newt3on Feb 18, 2021 11:07am

1st

Greetings to the Board Needless to say, I am very interested in what is going on HEAR !... get it !!  I know, I have bad jokes.  Best Regards Sir Newton
Post by Rejean1on Feb 18, 2021 11:00am

Will these ETF be buying Bitcoins?

Just got in too this am. Will the ETF be buying Bitcoins to match ETF purchases? As some type of insurance? If they do....will they be another Bitcoin buyer possibly driving up demand for the coin ...more  
Post by Shadow1973on Feb 18, 2021 10:36am

Will be interesting to watch the price action

I've been spending the morning watching the BTCC bid/ask spreads and the Bitcoin market price on Coinbase. The spreads are looking to stay tight, but will keep watching. People really bailed on ...more  
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