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.
Date Purpose Bitcoin ETF Holdings(BTC)
26 June 2023 24705
23 June 2023 23649
22 June 2023 23360
21 June 2023 23189
20 June 2023 22961
19 June 2023 22909
16 June 2023 22903
15 June 2023 22851
14 June 2023 22740
13 June 2023 22740
12 June 2023 22751
09 June 2023 22757
08 June 2023 22772
07 June 2023 22769
06 June 2023 22777
05 June 2023 22705
02 June 2023 22677
01 June 2023 22719

Purpose BTC ETC Bitcoin Reserves

Purpose BTC ETF Holdings: (Source: Glassnode)
Purpose BTC ETF Holdings: (Source: Glassnode)

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