Bullboard - Stock Discussion Forum Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.J

Primary Symbol: T.BTCC Alternate Symbol(s): T.BTCC.B | T.BTCC.U | PRBEF | PPBCF

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 > Inflation play

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Post by Cobalt on Feb 22, 2021 8:04am

Inflation play

If you want this as an inflation play or money printing play i assume U is the play as CAD works with inflation we have the oil and minerals much like AUD , 1.10 Cad would not be out of the question , thoughts?

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Comment by Mat1791 on Feb 22, 2021 9:01am

Cobalt, For those who are trading in .b remember that the effects of the Canadian dollar are not hedged. As the Canadian dollar appreciates against the US, those in .b will suffer some slight loses. If the Canadian dollar falls against the US then those in .b will experience slight gains. For those in .u, opposite.

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