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About PURPOSE BITCOIN ETF UNIT
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Inception date
Feb 25, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund is the first ETF in the market that offers exposure to a portfolio of physically-held Bitcoin. This means that by holding this ETF, investors holds actual Bitcoin in their portfolio. The fund is designed as a buy-and-hold investment in hopes to provide investors with the opportunity for long-term capital appreciation. As such, the fund will not speculate with regard to short-term changes in Bitcoin prices. It also will not use derivatives instrument for non-hedging purposes. The fund may hold cash-like instruments or other money market instruments in order to meet its current obligations.
Classification
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BTCC assets under management is 991.61 M CAD. It's risen 1.58% over the last month.
BTCC fund flows account for −5.67 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BTCC doesn't pay dividends to its holders.
BTCC shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Feb 25, 2021, and its management style is Passive.
BTCC expense ratio is 1.50% meaning you'd have to pay 1.50% of your investment to help manage the fund.
BTCC follows the BTC/CAD Exchange Rate - CAD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BTCC price has fallen by −2.01% over the last month, and its yearly performance shows a 68.92% increase. See more dynamics on BTCC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.30% over the last month, have fallen by −2.30% over the last month, showed a 26.59% increase in three-month performance and has increased by 70.71% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −2.30% over the last month, have fallen by −2.30% over the last month, showed a 26.59% increase in three-month performance and has increased by 70.71% in a year.
BTCC trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.