Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:BTCC - Post Discussion

Purpose Bitcoin CAD ETF Currency Hedged > Can this be traded like any other stock?

View:

Post by opsd1 on Feb 20, 2021 12:37pm

Can this be traded like any other stock?

Or are there additional fees?

283

Comment

Comment by B4UInvest on Feb 20, 2021 12:49pm

Purpose has a 1% management fee for this ETF, other than that it trades like any other stock But I wonder with the seeming SP confusion, have they been taking their fees

201

Comment

Comment by Mat1791 on Feb 20, 2021 2:19pm

The fees are 1% plus HST (13%) = 1.13%. The are calculated daily at average NAV and paid to the fund in arrears the following month. However, I'm not sure if they are accounted for each day when calculating NAV. I would guess yes. I also have assumed that the valuation of NAV is happening at the close of N.A. markets daily, 4:00pm. I sent the company an email to verify, as ...more

290

Comment

Purpose Bitcoin CAD ETF Currency Hedged