Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

CI Galaxy Bitcoin Fund Unit CAD (BTCGu)

Toronto
Currency in USD
Disclaimer
26.07
0.00(0.00%)
Closed

BTCGu Comments

sold half at 31.00
net asset value over $30 this morning.
$30 this week is possible.
Trading at a discount. Possible but not likely to continue. Target $36
Actually, it should trade at $30.55 or so.
we should close the gap between asset value and market value next week....and trade around $30
it's just a shame and fraud, write the Bitcoin Fund and then say that it does not depend on the price of Bitcoin. It's like chocolates only inside is not chocolate :)
This fund is not directly linked to the bitcoin price like it claims it is. If you go on the website de fund misleads you into thinkng that every unit has approx. 0.000450 btc per unit, this is not true. If that were the case, the true market value of this fund would be at 31$ right now but it isn't. If you want to save money on taxes and are currently holding this etf in a gouvernement tax deffered account, I strongly suggest you just sell your position right now and buy bitcoin directly, the price is manipulated by something called the (cfix), that and the ridiculous 1.8% management fee is ostentatious.
I have reason to believe this ETF is misleading. As of today, February 19, 2021, the fund's website mentions that the amount of BTC per units is 0.00045 which means that the price per share should be an exact real-time match of BTC's price. Although, they are using something called the CFIX to manipulate the price of the fund at their own discretion. Apparently they also base their price on Bloomberg's Bitcoin Index. If you want to buy Bitcoin in your TFSA, RRSP or any other registered account, do not choose this fund.
Are the info on net value correct ? if so, great opportunity could be just in front of us.
literraly im about to call my lawyer because we're supposed to own 0.000450 btc per unit and at this time right now, the fund should be at 31.15$ and not 27.30$.
keep us updated
the fund doesnt make any sense the current of bitcoin is 66 812 and ON THE FUNDS OWN WEBSITE the amount of btc per units is 0.00045. So right now the price should be 30$ and not 27$.
You're absolutely right. It's ridiculous
this is a fraud, you have to complain
im contacting my lawyer
When bitcoin rose to 41k on this fund it was $31. Now the bitcoin price is more than 43k and on the fund 25 😂
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.