Investors flock to Purpose Bitcoin ETF

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.

Purpose BTC ETC Bitcoin Reserves

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