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

Purpose Bitcoin Yield ETF - ETF Units

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Post by BlueGuitar1on Nov 12, 2024 11:13am

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Post# 36308311

Nov 11 Actions

So yesterday we saw an inflow into BTC ETFs at $1.1 Billion.
BlackRock bought $756 MM
Fidelity bought $135 MM

Senator Cynthia Lummis has stated that within 100 days of President Trump taking position, they can pass a bill called the Strategic Reserve Bill which will allow 5% of the supply and put it into a reserve for the USA. The plan is to use it to pay off the national deficit. That's a lot of upwards pressure on the BTC price on top of ETF pressure to the upside, not to mention countries buying too.

Best to front run this. Buy is my personal plan. GLTA.

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