First Bitcoin ETF to Pay Monthly Yield Launches in Canada

First Bitcoin ETF to Pay Monthly Yield Launches in Canada

Technology
November 30, 2021 by mvp00
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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
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  • 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.



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