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Canadian Bitcoin ETF to Hit $1B AUM by Friday, Bloomberg Analyst Expects
Feb 22 2021 · 09:47 UTC | Updated
Feb 22 2021 · 10:18
by John K. Kumi · 3 min read
Photo: Shutterstock
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The emanation of the Bitcoin ETF in North America has been a good event but the US is still not sure of when their first Bitcoin ETF will see the light of the day.
Following the boom of the entire cryptocurrency market led by Bitcoin, the Asset Under Management (AUM) of the Canadian Bitcoin ETF under the ticket BTCC has been said to benefit from the demand with a predicted surge to $1 billion by Friday according to a Bloomberg analyst. The prediction for the AUM was guided by how the first Bitcoin ETF in North America hit the ground running in just two days of operation having recorded over $400 million in volume. The Bitcoin ETF was debuted by the Canadian firm, Purpose Investments Inc and has been said to have a lot of pro ....

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