Accidentally deleted the former thread. So here is the repost:
With another spot #Bitcoin ETF being launched in Canada, I think it is worth revisiting the development of the Canadienne spot Bitcoin Purpurse ETF. Its $BTC holdings increased substantially after its launch.
With another spot #Bitcoin ETF being launched in Canada, I think it is worth revisiting the development of the Canadienne spot Bitcoin Purpurse ETF. Its $BTC holdings increased substantially after its launch.
AUM then started to stall and even partially to decline since July. After #Bitcoin's price breaching a new ATH in October, interest has been coming back again, and AUM has started to increase a bit more substantially.
Currently, AUM is sitting at about 24.64k $BTC. However, it is not increasing as strongly anymore, as it has been right after Bitcoin's price making a new ATH.
While AUM of the Canadien #Bitcoin Purpose ETF is not increasing that much currently, it could be that the Fidelity Bitcoin spot ETF will also see similar growth rates as the Purpose ETF right after its launch.
FYI. There are already multiple spot #Bitcoin ETF in Canada as others have pointed out and not only the Purpose ETF.
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