Bitcoin

Investors flock to Purpose Bitcoin ETF

06/27/2023
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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.
DatePurpose Bitcoin ETF Holdings(BTC)
26 June 202324705
23 June 202323649
22 June 202323360
21 June 202323189
20 June 202322961
19 June 202322909
16 June 202322903
15 June 202322851
14 June 202322740
13 June 202322740
12 June 202322751
09 June 202322757
08 June 202322772
07 June 202322769
06 June 202322777
05 June 202322705
02 June 202322677
01 June 202322719
Purpose BTC ETF Holdings: (Source: Glassnode)
Purpose BTC ETF Holdings: (Source: Glassnode)

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