Bullboard - Stock Discussion Forum Purpose Bitcoin Yield ETF - ETF Units PBYEF

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

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... see more

Add To Watchlist

TSX:BTCY - Post Discussion

Purpose Bitcoin Yield ETF - ETF Units > Nov 11 Actions

View:

Post by BlueGuitar1 on Nov 12, 2024 11:13am

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.

100