Canada-based Bitcoin ETF Sees Surge In Demand Amid Unrest

in #lsdkhls • 2 years ago

Despite the decline in Bitcoin prices, the demand for Bitcoin ETFs remains strong. The Purpose Bitcoin ETF (BTCC) in Canada has reached an all-time high. Purpose Bitcoin ETF, which was the world's first spot-settled Bitcoin ETF, now has 32,329 bitcoins.

Objectives Bitcoin ETF's holdings are currently valued at $ 1.3 billion, according to Glasnod data. On-Chain College, a market analyst, noted that the ETF has gained about 7,700 BTC since November. This represents a 31% increase over last year.

The new milestone comes after ETF experienced its biggest one-day flow in recent memory. Purpose Bitcoin ETF gained about 1750 BTC in the first two days of this month. More than $ 64 million was invested at the time, indicating the optimism of some investors in the midst of a market downturn.

ETF has just celebrated its one-year anniversary on the Toronto Stock Exchange. Purpose Investments, ETF's management, recalled the day in a statement that ETF was playing a key role in crypto adoption in Canada.

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2 years ago in #lsdkhls by
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