First Bitcoin ETF In North America Reaches $1 Billion In Assets

First Bitcoin ETF In North America Reaches $1 Billion In Assets
фото показано с : bitcoinmagazine.com

2021-4-16 23:03

After breaking trading records, the Purpose Bitcoin ETF has hit $1 billion in assets, signaling strong interest from the market.

Purpose Investments Fund launched a bitcoin exchange-traded fund (ETF) earlier this year, the first-such product to receive regulatory approval in North America. Since then, it has demonstrated an incredible appetite for such a product, breaking records in its first few weeks and now accruing $1 billion in assets.

“Less than two months after launching, the first North American Bitcoin ETF already reached $1 billion … in assets,” Bloomberg reported. “The product from Toronto-based Purpose Investments, ticket BTCC, has seen massive interest as investors clamor for crypto exposure, especially in an exchange-traded fund wrapper.”

In its first day of trading, the bitcoin ETF traded $200 million worth of shares — success that grew in the following days as the bitcoin ETF would eventually accumulate more than $500 million in assets as its first week ended.

The Purpose Bitcoin ETF cannot be traded on American stock exchanges due to U.S. Securities and Exchange (SEC) regulations. Several investment companies, including VanEck, Skybridge Capital, Galaxy Digital and Valkyrie Digital Assets, have submitted proposals to the SEC to offer bitcoin ETFs and are currently awaiting approval.

Speculators and experts continue to use the performance of the Purpose Bitcoin ETF on the Canadian market to predict how the American market will react whenever the SEC allows bitcoin ETFs to trade. Its performance, along with other recent developments in the space, promise a strong appetite for such a product in the U.S.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

billion assets bitcoin etf hit signaling interest

Источник: bitcoinmagazine.com

billion assets → Результатов: 126


Maker (MKR) Reaches $1 Billion Mark in Assets’ TVL As Ethereum (ETH) Gains 40% In A Week

The focus has switched to DeFi projects as the field emulates the 2017 ICO pump period with massive amounts of money flowing to these decentralized platforms. Unsurprisingly, Maker, the DAI-producing lending platform, became the first DeFi project to lock a billion worth of crypto assets as its primary collateral, Ethereum (ETH), experienced a 35% surge […]

2020-7-27 16:30


Фото:

FINRA Greenlights Grayscale’s Bid to Launch Litecoin and Bitcoin Cash Trusts

Grayscale, a leading cryptocurrency asset management firm with $4 billion assets under management, has received approval from the United States Financial Industry Regulatory Authority (FINRA) to launch its Bitcoin Cash Trust and Litecoin Trust and make the shares available for public trading on over-the-counter (OTC) markets, according to a press release on July 20, 2020.

2020-7-22 15:00


Фото:

Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%

Cryptocurrency market prices have improved a great deal since our last market update, as the overall market capitalization of all 5,700+ coins has gained $16 billion since June 14. Most of the top digital assets have remained in a consolidated cycle and a great number of cryptos have been able to hold above their 50-day […] The post Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85% appeared first on Bitcoin News.

2020-7-9 16:15


$60B Asset Fund, WisdomTree Trust, Files For A New ETF; Will Includes 5% In Bitcoin Futures

Institutional investors are taking up positions in the Bitcoin market attracting some of the biggest Wall Street hedge funds and financial institutions. WisdomTree Investments, a $60 billion dollar hedge fund, announced the launch of an electronic traded fund (ETF) index comprising of a number of digital assets including BTC.

2020-6-17 15:58


Фото:

Bitcoin’s on-chain metrics suggest a “bullish” market regime may be imminent

Since March’s lows, Bitcoin has gained over 100 percent, outperforming most other over $100 billion assets within the same time frame. Yet, this may be the start of an even greater rally with a top on-chain analytics firm affirming that per their data, BTC is just transitioning to a “bullish” market regime, exiting the bear […] The post Bitcoin’s on-chain metrics suggest a “bullish” market regime may be imminent appeared first on CryptoSlate.

2020-5-7 21:00


Fireblocks Hits $30B In Digital Asset Transfers; Expands into APAC With 2 New Offices

Leading crypto security startup, Fireblocks has announced it is opening new offices in Asia in Singapore as well as Hong Kong. On April 30, Fireblocks revealed that its platform has so far transferred digital assets worth $30 billion and at the moment conducts transactions worth more than $7 billion every month. The firm revealed that […]

2020-5-1 00:07


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

GBTC shares jump 5% after first inflow since January

GBTC sees a positive shift with a 5% premarket surge and $63 million inflows, challenging BlackRock's iShares Bitcoin Trust. The post GBTC shares jump 5% after first inflow since January appeared first on Crypto Briefing.