Key stats
About PURPOSE BITCOIN ETF CAD ETF NON CURRENCY HEDGED UNIT
Expense ratio
1.50%
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Inception date
Feb 18, 2021
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
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund99.94%
Cash0.06%