Cryptocurrency
Investors flock to Purpose Bitcoin ETF – Crypto News
Quick Take
- BlackRock’s recent filing for a spot bitcoin etf sparked a wave of interest among other institutions, prompting them to file for their own spot ETFs.
- The Purpose Bitcoin ETF (BTCC.B), a physically settled, cold-storage Bitcoin ETF listed on the Toronto Stock Exchange in Canada, also witnessed a renewed interest and resurgence.
- The ETF’s current holdings of Bitcoin now stand at 24,705 BTC, marking a year-to-date high.
- This upward trend is encouraging for investors, as it indicates a potential resurgence in investor confidence and a renewed interest in purchasing Bitcoin through exchange-traded products.
The post Investors flock to Purpose Bitcoin ETF appeared first on CryptoSlate,
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