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05 March 2021

Canadian Bitcoin ETF predicted to hit $1B AUM by Friday: Bloomberg analyst

Canadian Bitcoin ETF predicted to hit $1B AUM by Friday: Bloomberg analyst


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With only two full days of trading under its belt, the first Bitcoin (BTC) exchange-traded fund in North America reached more than $400 million in volume and is expected to go even higher.

According to a tweet from Bloomberg analyst Eric Balchunas, the Bitcoin exchange-traded fund, or ETF, recently debuted by Canadian firm Purpose Investments is likely to hit $1 billion in assets under management by Feb.

The Purpose ETF is not the only Bitcoin exchange-traded fund in North America to share the wealth.

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