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Digital Assets Ecosystem Surpasses $1.5T Market Cap, $60B in BTC held by Public Firms, as First Bitcoin ETF to Launch in Canada
Researchers at
Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply.
Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6% of the circulating supply.
PayPal CEO
Visa CEO
Al Kelly had argued back then that Bitcoin is “speculative” and that they would not be handling BTC transactions. Meanwhile, JPMorgan CEO
Jamie Dimon had said that Bitcoin is “a fraud.” But now in 2021, every one of these companies has been “forced to recognize” Bitcoin, Bloqport adds.
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The race to launch Canada s first ETF is over, and the
Purpose Bitcoin ETF is the winner. In regulatory filings published only a few days ago on SEDAR, the
Purpose Bitcoin ETF disclosed that the OSC had issued a receipt for
its long-form prospectus. To offer securities to the public, an
investment fund must first receive approval from the OSC for a
preliminary prospectus, after which a final prospectus can be
submitted. If the final prospectus is approved, the securities can
be publicly issued. Under the passport model, an investment fund
NEW YORK: Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency. Bitcoin recently stood at $48,700 on Sunday morning, up more than 3 percent. It had traded as high as $49,714 earlier in the day. The cryptocurrency is up almost 70 percent year to date.