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Purpose Bitcoin Yield ETF - ETF Units T.BTCY.U


Primary Symbol: T.BTCY Alternate Symbol(s):  T.BTCY.B | PBYEF

Purpose Bitcoin Yield ETF (the Fund) seeks to provide unitholders with (a) monthly distributions and (b) long-term capital appreciation. The Fund will achieve its investment objectives primarily by obtaining exposure to Bitcoin and by implementing a derivatives based strategy in respect of portfolio securities. The Fund seeks to achieve its investment objectives by investing indirectly in long-term holdings of Bitcoin primarily through investment in units of the Purpose Bitcoin ETF and by implementing an option writing strategy. The Fund may also invest in other investment funds which provide exposure to Bitcoin.


TSX:BTCY - Post by User

Post by BlueGuitar1on Jun 18, 2024 11:18am
164 Views
Post# 36093982

Summer should be slow for us Longs.

Summer should be slow for us Longs.IMO, BTCY will be range bound all summer.  Good thing we have a monthly payout of about 8.5% while we wait.  BTC has $10 Billion shorts at this time arouind $USD 72K.  When they cover, watch out for a huge upside.  A nice Bear trap has been set.  GLTA.
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