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

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TSX:BTCC - Post Discussion

Purpose Bitcoin CAD ETF Currency Hedged > November 11 price actions for BTC.

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Post by BlueGuitar1 on Nov 12, 2024 11:14am

November 11 price actions for BTC.

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

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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