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ZMI

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--%
1d
1w
1m

Analysis and statistics

  • Open
    17.8178$
  • Previous Close
    18.0917$
  • 52 Week Change
    --
  • Day Range
    -0.27$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

ZMI.TO represents Purpose Bitcoin Yield ETF, an exchange-traded fund (ETF) managed by Purpose Investments Inc. This ETF seeks to provide unitholders with exposure to Bitcoin while generating yield through a covered call strategy. It holds physically settled Bitcoin and sells call options on a portion of its Bitcoin holdings, aiming to enhance returns through option premiums. The fund is listed on the Toronto Stock Exchange (TSX).
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Factors

ZMI.TO Price Drivers: Gold Prices: ZMI.TO's price closely mirrors gold's performance. Rising gold prices typically increase ZMI.TO, while falling prices decrease it. Canadian Dollar Strength: A stronger Canadian dollar versus the US dollar can negatively impact ZMI.TO. Gold is priced in USD, so a stronger CAD makes gold less valuable in CAD terms. Interest Rates: Higher interest rates can reduce the attractiveness of gold, as investors may prefer interest-bearing assets, potentially lowering ZMI.TO's price. Market Sentiment: Overall investor risk appetite influences gold demand. During economic uncertainty, gold is a safe haven, boosting ZMI.TO. Inflation: Rising inflation can increase gold demand as a hedge against currency devaluation, positively impacting ZMI.TO. Geopolitical Risks: Global political instability often drives investors to gold, increasing ZMI.TO's value.

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