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Purpose Bitcoin CAD ETF Non-Currency Hedged Units (BTCCb)

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19.63 -0.01    -0.05%
20/12 - Closed. Currency in CAD
Type:  ETF
Market:  Canada
Asset Class:  Other
  • Volume: 803,130
  • Bid/Ask: 19.60 / 19.72
  • Day's Range: 19.34 - 19.91
Purpose Bitcoin CAD Non-Currency Hedged Units 19.63 -0.01 -0.05%

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gee gee
gee gee Jun 08, 2021 8:08PM ET
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this BTCC ETF IS garbage..WHEN BITCOIN GOING UP ..THIS ETF STAY..WHEN BITCOIN DROP..ETF WILL DROP MORE.
Fraser Brown
Fraser Brown Mar 29, 2021 9:41AM ET
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BTCC burst out of the gate today, 👍 hopefully it's not just froth. A lot of cryptos are in positive territory today.
Alex Kosh
Alex Kosh Mar 24, 2021 12:14PM ET
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When bitcoin goes down, this ETF goes down. When bitcoin goes up, this ETF goes down as well.
gee gee
gee gee Mar 24, 2021 12:14PM ET
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hey men,,,,is ETH
Joshy Fresh
Joshy Fresh Mar 16, 2021 10:59AM ET
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Lol just buy the coin yourself outright lol
Fraser Brown
Fraser Brown Mar 16, 2021 10:59AM ET
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That's a good point, I'm hoping major banks open trading platforms to buy, sell and hold crypto. I've opened accounts at a couple of crypto exchanges but don't get a warm and fuzzy feeling about transferring over larger summs of money. Too much potential for hacking and such. Who would you suggest as a trusted, safe platform, just curious?
Tommi Nuutinen
Tommi Nuutinen Mar 16, 2021 10:59AM ET
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if you itse your cryptowallet with the crypyocurrency Trade. It ja virtually impossible to hack. Even the platform shouldn't be able to help you if you forget your wallets password(s).
JP Carrier
JP Carrier Mar 12, 2021 2:46PM ET
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I really dont understand how it works... BTC is up and this is down...
Fraser Brown
Fraser Brown Mar 12, 2021 2:46PM ET
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Like wise I don't understand how it works. From what I've read, this ETF is supposed to be tied directly to BTC? Therefore the pattern of trading should mimic BTC? It was my understanding that BTCC's valuation at $10. was based on BTC at $50,000 US. The driving force with this ETF is who wants it and what their willing to pay I guess?
JP Carrier
JP Carrier Mar 12, 2021 2:46PM ET
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yeah I was understanding the same as you... Would be nice if someone explain to us, I was thinking thats it would mimic BTC as well
Basileus Alexandros
Basileus Alexandros Mar 12, 2021 2:46PM ET
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I think Fraser is correct in regards to the initial price per share is correlated to that approximate value per bitcoin around the time it was released. I think BTCC will be mainly in the green only if bitcoin is in the $55,000 plus range. I don't personally hold bitcoin, but I bought the ETF to see what the hype was about. As an old school currency trader, I personally don't really understand bitcoin. My other issue as per my experience in trading currencies is the compliance side of currency dealing. I say this because when a government feels threatened that there is a parallel currency that may undermine their currency, that same government makes laws in the favor of said government. I remember, for example, when the US government confiscated all the gold and silver holdings of the "Liberty Dollar Association" which was used in the United States parallel to the greenback by an extremely large segment of the population that freaked out the US government which shut it down.
Tommi Nuutinen
Tommi Nuutinen Mar 12, 2021 2:46PM ET
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China just launched Ä ¥en coin, ote Something like that. It was on WSJ.
Fraser Brown
Fraser Brown Mar 12, 2021 9:40AM ET
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MER and NAV must play a bigger role in price than I thought.
Fraser Brown
Fraser Brown Mar 12, 2021 9:36AM ET
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BTCC opens - 2.45 percent to BTC's - 1.45 percent?
Fraser Brown
Fraser Brown Mar 12, 2021 9:27AM ET
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BTC is in down 1.77 percent, let's see where BTCC opens today?
Fraser Brown
Fraser Brown Mar 08, 2021 9:57AM ET
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If interest wanes... this could end up being another toilet bowl etf?
Smooth Operator
SmoothOperator Mar 08, 2021 9:57AM ET
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Any Canadian ETF is pretty light volume wise, again the underlying holding also dictates action, it's more the spread that is the concern. The issue however is if you hold BTC directly good luck if you ever lose your PW or die etc.
Fraser Brown
Fraser Brown Mar 08, 2021 9:53AM ET
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Volume has been steadily dropping since launch barely breaking a mill. a day? must be a supply and demand issue holding it back?
 
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