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 > NAV At Open

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Post by Mat1791 on Feb 22, 2021 9:07am

NAV At Open

So, if the valuations of NAV were calculated at the close fo Friday, 19th @ 4:00pm

Then XBX (bitcoin) = $55,378.50 USD, our market price was $10.55 CDN and NAV = $10.51 CDN for .b

If XBX now 9:00am = $52,000 USD a $3378.50 loss from close of Friday or 6.1%

Therefore, fair value NAV = $9.87 CDN and if market price tracked exactly and held the slight premium = $9.91 CDN

**of course some currency differences will also come into play**. Stronger CDN $ more loss, stronger USD $ gains.

GL

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