The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified.
Purpose Bitcoin ETF Sees Huge Infusion Of Capital
Citing data from the blockchain intelligence platform, Glassnode, market analyst Jan Wüstenfeld revealed that Purpose Bitcoin ETF currently holds more than 36k BTC, meaning a 23% increase in holdings YTD. The exchange-traded fund concluded with an AUM of 34.07k BTC last week, adding more than 2k BTC this week.
Oh btw. the the Canadian Purpose #Bitcoin ETF has just hit another ATH yesterday of 36.27k $BTC. Last week the ETF ended with an AUM of 34.07k bitcoin. That’s more than 2k bitcoin added this week so far… pic.twitter.com/7pf5dtsCmx
— Jan Wüstenfeld (@JanWues) March 25, 2022
The latest news comes at a time when Bitcoin’s price has been improving despite persistent geopolitical tensions. Over the past week, the largest cryptocurrency was up by more than 11% and touched $45,000 earlier today.
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