HomeCoinsEthereum (ETH)First Bitcoin ETF to Pay Monthly Yield Launches in Canada

First Bitcoin ETF to Pay Monthly Yield Launches in Canada

- Advertisement -



First Bitcoin ETF to Pay Monthly Yield Launches in Canada

  • A bitcoin ETF offering monthly yields has been listed in Canada today.
  • The Purpose Bitcoin Yield ETF is live on the Toronto Stock Exchange under the ticker symbol BTCY.B.
  • Purpose Investments employs a derivatives-based covered call strategy to pay investors an expected eight to ten percent annual yield.

Canadian investors can now receive a monthly bitcoin yield through a new exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX), reported Yahoo Finance. The Purpose Bitcoin Yield ETF employs a derivatives-based covered call strategy to pay investors a monthly yield.

The fund was created by Purpose Investments, the asset manager that launched the first bitcoin exchange-traded fund (ETF) in North America. The pioneering product launched in February broke records in its opening week after trading $80 million worth of shares within the first hour and $200 million on its first day.

Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,561FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,122.00
ethereum
Ethereum (ETH) $ 3,331.81
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 391.27
litecoin
Litecoin (LTC) $ 147.68
eos
EOS (EOS) $ 2.91
okb
OKB (OKB) $ 25.97
tezos
Tezos (XTZ) $ 4.26
leo-token
LEO Token (LEO) $ 3.77
cardano
Cardano (ADA) $ 1.32
monero
Monero (XMR) $ 218.47
stellar
Stellar (XLM) $ 0.258964
chainlink
Chainlink (LINK) $ 25.19
huobi-token
Huobi Token (HT) $ 10.02
tron
TRON (TRX) $ 0.068791
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 142.33
neo
NEO (NEO) $ 25.30
iota
IOTA (MIOTA) $ 1.13
nem
NEM (XEM) $ 0.118361
zcash
Zcash (ZEC) $ 144.87
maker
Maker (MKR) $ 2,222.82
paxos-standard
Pax Dollar (USDP) $ 0.99998
ethereum-classic
Ethereum Classic (ETC) $ 32.73
vechain
VeChain (VET) $ 0.078647
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 45.88
kucoin-shares
KuCoin Token (KCS) $ 20.19
waves
Waves (WAVES) $ 14.75