Canadian Bitcoin ETF is set to hit an AUM of $ 1 billion by Friday: Bloomberg analyst

Canadian Bitcoin ETF is set to hit an AUM of $ 1 billion by Friday: Bloomberg analyst

With only two full trading days, the first (BTC) The North American exchange-traded fund reached more than $ 400 million and is expected to grow further.

According to a tweet by Bloomberg analyst Eric Balchunas, the Bitcoin Exchange Exchange Traded Fund (ETF), which recently debuted by Canadian firm Purpose Investments, is likely to do so beat $ 1 billion in assets under management through February 26. His prognosis came before Purpose reporting The Bitcoin ETF traded at $ 421.8 million between the time it was first listed on the Toronto Stock Exchange (TSX) on February 18 and the markets closed on Friday. The ETF is listed under the ticker BTCC.

Read on on Coin Telegraph

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