PURPOSE BITCOIN ETFPURPOSE BITCOIN ETFPURPOSE BITCOIN ETF

PURPOSE BITCOIN ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪471.45 M‬USD
Fund flows (1Y)
‪−185.96 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.1%
Shares outstanding
‪24.25 M‬
Expense ratio
1.53%

About PURPOSE BITCOIN ETF


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Feb 18, 2021
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
BTC/CAD Exchange Rate - CAD - Benchmark Price Return
Management style
Passive
Dividend treatment
Distributes
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


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short CAD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BTCCU via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BTCCU trades at 19.42 USD today, its price has risen 5.60% in the past 24 hours. Track more dynamics on BTCCU price chart.
BTCCU net asset value is 19.90 today — it's risen 24.12% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BTCCU assets under management is ‪471.45 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BTCCU price has risen by 30.77% over the last month, and its yearly performance shows a 59.70% increase. See more dynamics on BTCCU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 24.12% over the last month, showed a 9.99% increase in three-month performance and has increased by 60.02% in a year.
BTCCU fund flows account for ‪−680.67 M‬ USD (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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BTCCU expense ratio is 1.53%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BTCCU isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BTCCU technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BTCCU shows the buy signal. See more of BTCCU technicals for a more comprehensive analysis.
No, BTCCU doesn't pay dividends to its holders.
BTCCU trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BTCCU shares are issued by Purpose Unlimited
BTCCU 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.
The fund started trading on Feb 18, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.