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

Purpose Bitcoin CAD ETF Currency Hedged > Inflation play

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Comment by Mat1791on Feb 22, 2021 9:01am

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Post# 32624692

RE:Inflation play

Cobalt wrote: If you want this as an inflation play or money printing play i assume U is the play as CAD works with inflation we have the oil and minerals much like AUD , 1.10 Cad would not be out of the question , thoughts?

Cobalt,

For those who are trading in .b remember that the effects of the Canadian dollar are not hedged. As the Canadian dollar appreciates against the US, those in .b will suffer some slight loses. If the Canadian dollar falls against the US then those in .b will experience slight gains.

For those in .u, opposite.

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