First-Ever North American Bitcoin ETF Breaks Records In Opening Week

First-Ever North American Bitcoin ETF Breaks Records In Opening Week

The first bitcoin exchange-traded fund (ETF) to receive regulatory approval in North America has already demonstrated the market’s huge appetite for such a product. The Purpose Bitcoin ETF (ticker: BTCC), brought to market by Purpose Investments earlier this week, traded $80 million worth of shares in its first hour and $200 million in its first day — a figure that’s ten times greater than that of the average ETF and broke records in Canada, according to Bloomberg senior ETF analyst Eric Balchunas. The Canada Bitcoin ETF (BTCC) traded $200m shares on Day One, a ridic high number, def....


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