For all you alt-coiners... New Bitcoin Strategy Fund

Discussion in 'Crypto Assets' started by Scataphagos, Jul 29, 2021.

  1. New mutual fund to check out... BTC.PNG
     
  2. Trader Curt

    Trader Curt

    I don't get it. What would be the advantages of investing in this besides the fact you don't have to worry about possessing any Bitcoin? I even think the profits would be less since there is probably a commission for buying and selling.
     
    johnarb likes this.
  3. R1234

    R1234

    Very nice. Wonder if its frequent tradable.
     
  4. johnarb

    johnarb

  5. ph1l

    ph1l

    https://www.profunds.com/prospectus/prospectus.html?ticker=bitcoin_strategy
    upload_2021-7-29_14-11-40.png
    With that expense ratio, it might be good for short-term speculation but not for holding a long time.
     
    Trader Curt and GangstaTrada like this.
  6. Overnight

    Overnight

    Prediction...

    The fund will blow up spectacularly in the same fashion as James Cordier, since they are speccing in BTC futures. Bad juju.
     
    Nobert likes this.
  7. xandman

    xandman

    1.15% Fee and "Strategy" in the name. Are they doing leveraged exposures or simply maintaining a 1:1 exposure? If 1:1, why would I pay 1.15% for a bad version of a Foreign Money Market fund?

    Smells fishy.
     
    Last edited: Jul 29, 2021