Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by Lawyerupon Feb 21, 2021 6:29pm
204 Views
Post# 32622943

RE:RE:Security of the Bitcoin on these ETFs

RE:RE:Security of the Bitcoin on these ETFsTrue, I spread my bitcoin exposure around to different ETFs so I am a little more diversified than just owning one ETF.  Also I believe the US GBTC OTC fund they have to have some sort of liabilitiy insurance as required by the SEC just in case of a disaster with their bitcoin holdings.  I haven't heard of any Canadian ETF having anything similar.  If that is the case with the new US based bitcoin ETFs you would at least have some protection against fraud, scams or mysterious bitcoin disapperances.  We are talking huge amounts of money flowing into these ETFs so as the value of bitcoin continues to rise the number of crooks out there looking for ways to profit goes up also.
<< Previous
Bullboard Posts
Next >>