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Post by oldskeet on Oct 17, 2021 12:14:45 GMT
Thus far in my following of BTCFX which opened with a nav price of $25.00 on July 28th I am finding that it closed on October 15th with a nav price of $38.06 for a gain of $13.06 which computes to a 52.24% gain.
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Post by graust on Oct 20, 2021 20:52:54 GMT
I’m still pissed Fidelity didn’t let me add to my initial $1K position in this fund….I could have added on to it while it was down 15-20%! And would be up more than the 20-25% that I am up now.
Thanks for bringing it to our attention, Old_Skeet! It’s definitely been my best investment in many years (bought when BTC was in $40’sK range).
Interestingly, it owns BTC futures, which is also what the new BITO ETF does.
I suppose I just need to call fidelity so they can “flip a switch” and allow me to trade this fund….
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Post by oldskeet on Dec 6, 2021 8:57:42 GMT
Hi guys, If one had opened a position in BTCFX (a bitcoin mutual fund) when it opened to investors at $25.00 per share on July 28th they would be up $7.15 for a gain of 28.60% (through market close of December 3rd) even though it is off its 52 week high by 21.64%. Is now a good time for an entry level position? Seems, Barron's thinks ... Linked below is their article on the Bitcoin dip buyers. www.barrons.com/articles/things-to-know-today-51638782306
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