Summary: BTCC

The first Bitcoin (CCC:BTC) exchange-traded fund (ETF) in North America launched this week on the Toronto Stock Exchange and the Purpose Bitcoin ETF (TSX:BTCC) didn’t disappoint, with $165 million worth of shares changing hands in just the first day of trading. [1]

It’s called the Purpose Bitcoin ETF, and it trades under the symbol “BTCC”. [2]

While other close-ended cryptocurrency funds have been traded on TSX and via other platforms, BTCC is the first ETF offering, and comes at a pivotal moment for cryptocurrency investment, as the total market value of bitcoin surpassed $1 trillion Friday morning. [1]

It’s designed to provide investors with exposure to the leading cryptocurrency by investing directly in physically settled bitcoin. [4]

Bitcoin pioneers Cameron and Tyler Winklevoss tried to start one way back in 2013, but it was rejected by the Securities and Exchange Commission (SEC). [] The crypto awakening is early, and with few regulations in place, it is a bit like the wild west. [] VanEck filed an application with the SEC, and four weeks ago today Valkyrie Digital Assets also filed for a fund to be listed on the New York Stock Exchange. [2]The action proves that bitcoin and its smaller peers — the altcoins […]— are here to stay. [2]


Fuentes: Yahoo Finance, Reuters, The Street, MarketWatch, Yahoo News
| CryptoPress
News summary: BTCC

The first Bitcoin (CCC:BTC) exchange-traded fund (ETF) in North America launched this week on the Toronto Stock Exchange and the Purpose Bitcoin ETF (TSX:BTCC) didn’t disappoint, with $165 million worth of shares changing hands in just the first day of trading. [1]

It’s called the Purpose Bitcoin ETF, and it trades under the symbol “BTCC”. [2]

While other close-ended cryptocurrency funds have been traded on TSX and via other platforms, BTCC is the first ETF offering, and comes at a pivotal moment for cryptocurrency investment, as the total market value of bitcoin surpassed $1 trillion Friday morning. [1]

It’s designed to provide investors with exposure to the leading cryptocurrency by investing directly in physically settled bitcoin. [4]

Bitcoin pioneers Cameron and Tyler Winklevoss tried to start one way back in 2013, but it was rejected by the Securities and Exchange Commission (SEC). [] The crypto awakening is early, and with few regulations in place, it is a bit like the wild west. [] VanEck filed an application with the SEC, and four weeks ago today Valkyrie Digital Assets also filed for a fund to be listed on the New York Stock Exchange. [2]The action proves that bitcoin and its smaller peers — the altcoins […]— are here to stay. [2]


Fuentes: Yahoo Finance, Reuters, The Street, MarketWatch, Yahoo News

Related articles


More Articles

CoinFLEX suspends withdrawals and wants to pay by issuing $47 million in tokens

A trader found a vulnerability and left more than $50 million in debt when he abruptly left the platform last week. The company has had trouble pa…
Avalanche Bridge adds native support for Bitcoin

Avalanche Bridge adds native support for Bitcoin; AVAX goes up 7.4%

The Avalanche bridge has been updated to include native support for Bitcoin (BTC), with the cross-chain smart contracts platform seeing a 7.4% inc…
sam bankman-fried

Sam Bankman-Fried saves BlockFi and Voyager

Sam Bankman-Fried, the co-founder of crypto exchange FTX and quantitative trading firm Alameda, has emerged as something of a savior for the crypt…
(Visited 22 times, 1 visits today)
© Cryptopress. All rights reserved.