December 6, 2022

Purpose Investments: World’s First Bitcoin ETF (TSE: BTCC)

Midas Letter
Midas Letter
Purpose Investments: World's First Bitcoin ETF (TSE: BTCC)
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Today, we sit down with Purpose Investments COO and Head of Product Vlad Tasevski to discuss the world’s first bitcoin spot exchange-traded fund (TSE:BTCC, TSE:BTCC.B, TSE:BTCC.U). Vlad details the funds structure, management fees and performance. The FTX and Gemini situations are discussed and how the negative crypto news has impacted BTCC.

Purpose Investments is an asset management company with over $13 billion in assets under management. Purpose Investments launched the first directly backed Bitcoin ETF in North America last year. The company is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

Transcript

00:00 Intro

00:42 First Spot Bitcoin ETF (BTCC)

02:42 Latency between BTC & BTCC?

03:39 BTCC structure

05:19 Gemini risk?

06:37 FTX scandal

07:49 Has negative crypto news impacted BTCC?

09:45 Recent BTCC performance

10:23 Management fees

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