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. 
It’s called the Purpose Bitcoin ETF, and it trades under the symbol “BTCC”. 
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. 
It’s designed to provide investors with exposure to the leading cryptocurrency by investing directly in physically settled bitcoin. 
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. The action proves that bitcoin and its smaller peers — the altcoins […]— are here to stay.