Just-In: Canadian Bitcoin ETF Records Largest Single Daily Purchase Of Over $2 Billion

* Purpose Bitcoin ETF purchases 6.9k BTC, records biggest Bitcoin purchase of over $2 billion in a day
* Total AUM for Purpose Bitcoin ETF has grown to CA $1.5 Billion
* YTD daily returns of the ETF is down by 30%
* Cryptocurrency ETFs are funds that contain cryptocurrencies
* A Bitcoin ETF gives investors the ability to purchase funds which are directly tied to the price of BTC, giving them the opportunity to hold investments in BTC without directly holding the asset
* The first US Bitcoin ETF is ProShares Bitcoin Strategy ETF (BITO) which commenced trading on 19 October last year
* Just yesterday, two Bitcoin ETFs also launched in Australia, one of which, the Cosmos-Purpose Bitcoin ETF ($CBTC), aims to purchase shares from the Purpose Bitcoin ETF as a way of providing investing opportunities to potential shareholders

 

 

Bitcoin ETF Just-In: Canadian Bitcoin ETF Records Largest Single Daily Purchase Of Over $2 Billion
Just-In: Canadian Bitcoin ETF Records Largest Single Daily Purchase Of Over $2 Billion 2

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