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BITC-U

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1d
1w
1m

Analysis and statistics

  • Open
    20.0375$
  • Previous Close
    20.0375$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

BITC-U.TO represents the Bitcoin ETF offered by CI Global Asset Management, specifically the U.S. dollar denominated units traded on the Toronto Stock Exchange (TSX). It aims to provide investors with exposure to the digital currency Bitcoin by holding Bitcoin in a secure, cold-storage environment. The ETF's price generally reflects the price movements of Bitcoin, although there may be premiums or discounts based on supply and demand. It offers a regulated and potentially more convenient way for Canadian investors to gain exposure to Bitcoin compared to directly purchasing and managing Bitcoin themselves.

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Factors

Bitcoin's Price: BITC-U.TO directly tracks Bitcoin, so Bitcoin's price movements are the primary driver.

Supply and Demand for BITC-U.TO: Increased demand pushes the price up, while increased supply (selling) lowers it.

Exchange Rate: As a USD-denominated ETF traded in CAD, the USD/CAD exchange rate impacts the price.

ETF Premiums/Discounts: BITC-U.TO may trade at a premium or discount to its net asset value, influencing the price.

Regulatory Changes: Regulations affecting Bitcoin or crypto ETFs can impact investor sentiment and price.

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