Purpose Bitcoin CAD ETF Currency Hedged T.BTCC

Alternate Symbol(s): T.BTCC.B | 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-cost alternative to a direct investment in Bitcoin.

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Purpose Bitcoin CAD ETF Currency Hedged > I'm confused

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Comment by Mat1791on Feb 20, 2021 4:09pm

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Post# 32619564

RE:RE:RE:I'm confused

Okanagan wrote: So Bitcoin ETF should now be about $11.32. Canadian At $57,000 u.s. per Bitcoin. If Bitcoin continues to trade this or higher ETF could open up higher than $11 on Monday. Am I sort of getting this

If the NAV valuation time is 4:00PM each trading day, then at the close on Friday the index that it tracks was $55,378.50 USD and we closed at $10.55 market value $10.51 NAV.

Therefore if the index is now $57,000 USD which is 2.928% higher then our NAV should be $10.82 also 2.928% higher.

However the CDN/USD exchange changes over that same period will shift it a little up or down.

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