Purpose Bitcoin Yield ETF (TSX: BTCY)
Canada
· Delayed Price · Currency is CAD | Assets | 70.51M |
| Expense Ratio | 1.92% |
| PE Ratio | n/a |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 9.40% |
| Ex-Dividend Date | Jun 26, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | +50.13% |
| Volume | 20,278 |
| Open | 6.11 |
| Previous Close | 6.15 |
| Day's Range | n/a |
| 52-Week Low | 3.25 |
| 52-Week High | 7.36 |
| Beta | 2.12 |
| Holdings | 59 |
| Inception Date | Feb 11, 2021 |
About BTCY
The fund provides an alternative approach to holding long exposure to Bitcoin. The fund buys an ETF that holds Bitcoin, primarily Purpose Bitcoin ETF, and actively writes covered call and/or put options against 10-50% of the portfolio. Option contracts may be exchange-trading or over-the-counter. The contracts sold are either at-the-money or out-of-the-money and expected to have 1-3 months to expiration. The amount of the portfolio written against, the type of option writing, and terms are based on the managers assessment of the market and option premiums available. The investment objective of the fund is total return, yield and long-term capital appreciation. The use of options is not to lower volatility. In addition to the investment risks, investors should consider the tax consequences of such as strategy, as transactions may result in reporting ordinary income rather than capital gains. The fund may use other derivatives if a particular share class is hedging currency risk.
Performance
BTCY had a total return of 68.36% in the past year. Since the fund's inception, the average annual return has been -18.29%, including dividends.
Top 10 Holdings
192.74% of assets| Name | Symbol | Weight |
|---|---|---|
| Purpose Bitcoin CAD ETF Non-Currency Hdg | BTCC.B.TO | 97.50% |
| Canadian Dollar | n/a | 81.64% |
| United States Dollar | n/a | 10.21% |
| Cash | n/a | 3.28% |
| Mgmt Fee Rebate | n/a | 0.08% |
| Hst Rebate Rec/Pay - Class 3 | n/a | 0.01% |
| Hst Expense | n/a | 0.01% |
| Hst Rebate Rec/Pay - Class 29 | n/a | 0.00% |
| Hst Rebate Rec/Pay - Class 21 | n/a | 0.00% |
| Hst Rebate Rec/Pay - Class 6 | n/a | 0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2024 | 0.0525 CAD | Jul 3, 2024 |
| May 29, 2024 | 0.0525 CAD | Jun 4, 2024 |
| Apr 26, 2024 | 0.0525 CAD | May 7, 2024 |
| Mar 26, 2024 | 0.0525 CAD | Apr 5, 2024 |
| Feb 27, 2024 | 0.0475 CAD | Mar 7, 2024 |
| Jan 29, 2024 | 0.0475 CAD | Feb 7, 2024 |