Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.J

Btcc vs bitcoins

[Bigpond]

Seems like btcc follows bitcoins only when it falls. Btcc is up 5% today when bitcoin is up almost 10%.

[mrsly0]

make sure you compare with the value of the bc at the closing Friday to its current value to compare both... good luck

[Cobalt]

Math is hard Bitcoin trades 24/7 , if it dipps on the weekend it has a lower base to gain off of then this ETF

[liljohnnyjoke]

ETFs always seem to exceed to the downside and underperform to the upside, especially with commodity expiration dates and contango and backwardation

[Shadow1973]

The Canadian dollar strength today is also a factor, as this ETF us unhedged. So the $CDN was up almost 1 percent, which will inversely affect the BTC price in USD. I hear you about weekend trading - it is one thing that I don't like about holding the ETF version of bitcoin vs the real thing. i.e you can't pick up those Sunday dips at a lower prices like yesterday, when BTC hit 43K and

[Richmond]

RATHER BUY BITCOIN THANK BTCC. ETF. THIS ETF IS JUNK!!!!....Has been down more than up. BAD INVESTMENT....BAD!!!!

[Mat1791]

True, because commodity ETF's track a commodity that eventually is delivered to buyers.  The ETFs need to rollover so they don't need to take physical possession and so only ever own the futures contracts. Bitcoin is owned. So no contango or backwardation.   Only issue, as stated, a trading day vehicle vs a 24hour traded holding.