Giselamay

  • Beispiel-Seite

Bloomberg analyst on Canadian Bitcoin ETF: $ 1 billion in assets under management as of Friday

22. Februar 2021 admin Bitcoin

Eric Balchunas said that Purpose’s Bitcoin ETF could overtake all other ETFs in Canada within 2 months.

After just two days of trading, the first exchange-traded Bitcoin ( BTC ) fund in North America reached a volume of more than 400 million US dollars.

The volume is expected to increase even further

According to a tweet from Bloomberg analyst Eric Balchunas, the Bitcoin exchange-traded fund, recently launched by Canadian firm Purpose Investments, is likely to reach $ 1 billion in assets under management by Feb.26 . Shortly before, Purpose had reported that its Bitcoin ETF had traded $ 421.8 million between its listing on the Toronto Stock Exchange (TSX) on February 18 and its close on Friday. The ETF is listed under the ticker BTCC.

Balchunas compared the impressive start of Purpose’s Bitcoin fund to other ETFs currently trading on the TSX. With total assets of more than $ 4.6 billion, the JPMorgan BetaBuilders Canada ETF is one of the largest ETFs in the country . The Bloomberg analyst said he „wouldn’t be surprised“ if Purpose’s Bitcoin ETF outperformed everyone else in Canada within two months. Unless there is an unexpected „nasty sell-out“.

The Purpose ETF isn’t the only exchange-traded Bitcoin fund in North America

Last week, the Evolve Funds Group also received approval from the Ontario Securities Commission to launch its own Bitcoin ETF, which began trading on Friday under the ticker EBIT. By the close of trading on Friday EBIT.U had 103,595 units at a price of 21.54 US dollars traded .

While some investment managers have suggested that the US Securities and Exchange Commission under US President Joe Biden may be more open to a Bitcoin ETF, regulators in the United States have not yet given the go-ahead. New York-based Digital Investment Group and Dallas-based Valkyrie Digital Assets have applied for a Bitcoin ETF since the new president took office.

According to the TSX, BTCC.B has 9,270,111 units at a price of 10.55 US dollars and BTCC.U 2,065,855 units at a price of 10.57 US dollars traded .

  • « Gli investitori presentano una class action contro il minatore Bitcoin Bit Digital

Neue Beiträge

  • Bloomberg analyst on Canadian Bitcoin ETF: $ 1 billion in assets under management as of Friday
  • Gli investitori presentano una class action contro il minatore Bitcoin Bit Digital
  • Messari report says Asia accounts for almost half of global cryptomoney trading
  • Previsione del prezzo di Bitcoin: BTC a $ 30000, analista
  • Lindsay Lohann prophecy: Bitcoin at $ 100,000 & Ethereum at $ 10,000

Neue Kommentare

  • Ein WordPress-Kommentator bei Hallo Welt!

Archive

  • Februar 2021
  • Januar 2021
  • Dezember 2020
  • November 2020
  • Oktober 2020
  • September 2020
  • August 2020
  • Juli 2020
  • Juni 2020
  • Mai 2020
  • April 2020
  • Februar 2020
  • Dezember 2019
  • November 2019
  • Oktober 2019
  • Juni 2019
  • Februar 2019

Kategorien

  • Allgemein
  • Betrug
  • Bitcoin
  • Cardano
  • Community
  • Digitales Fernsehen
  • Grafikkarte
  • KRypto
  • Kryptowelt
  • Markt
  • mercato
  • psicológico
  • Venezuela

Meta

  • Anmelden
  • Beitrags-Feed (RSS)
  • Kommentare als RSS
  • WordPress.org
Proudly powered by WordPress