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Frequently Asked Questions
Purpose Core Bitcoin ETF FAQ
Why invest in a Bitcoin ETF instead of buying Bitcoin directly?
A Bitcoin ETF is an easy, secure way to add real Bitcoin to your portfolio – without worrying about wallets, private keys, or security risks. You can buy and sell it just like a stock through your brokerage account, and it’s eligible for TFSA and RRSP accounts for tax-efficient investing.
How does a Bitcoin ETF fit into my investment strategy?
Bitcoin is often considered as part of the alternatives sleeve of a portfolio. At Purpose, we view digital assets as a type of real asset and although Bitcoin is high risk and very volatile, we believe even a small portfolio allocation to Bitcoin gives you opportunity for asymmetric gains if Bitcoin’s value rises significantly.
Bitcoin Core ETF is designed to be a “core” allocation within a well-balanced investment portfolio. With BTCO, you get direct, low-cost exposure, perfect for long-term investors who want to exposure to crypto’s long-term growth potential without the hassle and risk of self-custody.
What’s the difference between Bitcoin Core ETF (BTCO) and Purpose Bitcoin ETF (BTCC)?
Both funds provide spot Bitcoin exposure, but they serve different investor needs:
- BTCO is designed for long-term investors who want low fees and a simple way to hold Bitcoin in their portfolio.
- BTCC includes professional features like FX hedging and deep liquidity, which many traders value.
Is Purpose Bitcoin Core ETF available as both an ETF and a mutual fund?
Yes! You can choose the ETF version for easy trading or the mutual fund version depending on your investment preferences. Please talk to an advisor before investing.
How is the Bitcoin in the ETF held?
The custody structure remains unchanged from our other crypto ETFs: secure, transparent, and institutional-grade from day one.
Can I get the low-fee BTCO with CAD hedging?
BTCO is focused on providing the lowest-cost exposure to Bitcoin, and as such CAD-hedged units are not currently available. Investors seeking CAD-hedged units can invest in BTCC.
Can I switch from BTCC to Purpose Bitcoin Core ETF without triggering capital gains taxes?
No, switching between Bitcoin funds requires selling the existing holding and buying the new one, which could result in a taxable event.
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. The indicated rate of return is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
This information is provided for illustrative and discussion purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. Historical trends do not imply, forecast or guarantee future results. Information is as of the date indicated and subject to change without notice. Nothing herein constitutes a prediction or projection of future events or future market behavior.
If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Crypto assets can be extremely volatile and there is no guarantee that the amount invested will be returned to you.