Bitcoin (BTC) ETF Sees Over $400m AUM in Two Days

[waybesuricata]

Canada’s first Bitcoin exchange-traded fund has seen its AUM grow to over $400 million in just two days following a successful launch.

ETFs Are in
The first Canadian Bitcoin (BTC) exchange-traded fund (ETF) now has $421.8 million in assets under management (AUM), just two days since it launched.

This follows an impressive start to trading for the fund, which became the first traded Bitcoin ETF on Thursday.

The ETF, named the Purpose Bitcoin ETF (ticker: BTCC), is hosted by Canadian investment company Purpose Investments. The fund manager won approval for Canada’s first BTC ETF last week, after filing a detailed prospectus with the country’s regulator.

Source and continuation of the article: https://beincrypto.com/bitcoin-btc-etf-sees-over-400m-aum-in-two-days/