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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.


TSX:BTCC - Post by User

Post by Lawyerupon Feb 21, 2021 2:40pm
385 Views
Post# 32622137

Security of the Bitcoin on these ETFs

Security of the Bitcoin on these ETFsOkay I know I have heard its impossible for any of these ETFs to lose their bitcoin by hackers, get it stolen by insiders or any loss by missing bitcoin tokens.  What exactly guarantees do we have that if this ever happens the ETF takes any responsibility for missing bitcoins under their stewardship?  I know the chances are low but we have seen Mt Gox scandal, the QuadriaCX scandal where coins just disappeared and the end result people who trusted these companies lost billions.  Not saying it will happen but with so many bitcoin ETFs that seem to be announced almost on a weekly basis it seems the chances of fraud or misuse goes up with each new announcement.  I would hate to wake up one day and hear oh yeah one bitcoin ETF got hacked and investors are out millions and its impossible to find where the coins went.
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