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Purpose Ether Yield ETF - Class F T.ETHY

Alternate Symbol(s):  PEYEF | T.ETHY.B | T.ETHY.U

The fund seeks to provide unitholders with monthly distributions and long-term capital appreciation. The fund will achieve its investment objectives primarily by obtaining exposure to Ether and by implementing a derivatives based strategy in respect of portfolio securities. The fund seeks to achieve its investment objectives by investing indirectly in long-term holdings of Ether primarily through investment in units of the Purpose Ether ETF and implementing an option writing strategy (as described below). The fund may also invest in other investment funds which provide exposure to Ether.


TSX:ETHY - Post by User

Post by CriticalMind55on Jan 29, 2024 12:03pm
136 Views
Post# 35850587

The good thing about ETHY.B is that you are automatically

The good thing about ETHY.B is that you are automaticallyDCA-ing if you are in the DRIP program, so your numberof shares goes up, then Ethereum's Journey to $10,000 to $166,000 starts accoring to Cathy Wood.

ETHY.B is currently trading at around $4, the IPO was $10 and a lot of retail bought in at that price in 2021 including myself, but since then I have added 30% to the number of shares I own thanks to the DRIP program.

Etherium is trading at $2,293.74 US, if it reaches the two targets that is 10,000/2293.74 = about 400% upside so ETHY.B goes from 4 to $17! and Eth at166,000, puts the price of ETHY.B from $4 to $289!

Mortgage will be paid of plus a new car!

Cheers!
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