Purpose Source BTC ETF Sells Over 5,000 BTC | Is the price at risk of collapse?
The approval of Spot BTC ETFs in the US has created a fundamental shift globally. Despite positive sentiments regarding improved adoption. Canada’s largest Bitcoin ETF issuer by assets under management. Purpose Bitcoin ETF, selling large amounts of Bitcoin.
Purpose Bitcoin ETF Sells 5,000 BTC Bitcoin buying is now more concentrated in the US than in other regions such as Canada, Germany and Sweden, which have seen cautious buying of Bitcoin.
Canadians continue to sell Bitcoin held in the Purpose Bitcoin ETF following the launch of spot Bitcoin ETFs in the US. Purpose: The Bitcoin ETF sold 199 bitcoins on Friday and 604 bitcoins in the past seven days, according to data from HODL15 Capital.
Purpose Bitcoin ETF: The ETF has sold over 5,000 BTC units since the launch of spot Bitcoin ETFs in the US. With Bitcoin holdings decreasing from 35.71K BTC to 30.76K BTC. Purpose Investments reported assets under management of C$2.15 billion (US$1.59 billion) and 31,102.57,709 bitcoin holdings as of February 23.
US overtakes Canada in Bitcoin ETF market share after SEC approves Bitcoin exchange-traded funds. The United States has established itself as a top country with combined assets of $34.78 billion across 10 Bitcoin exchange-traded funds. The United States now represents 83.3% of the $41.74 billion global spot Bitcoin ETF market. Bypassing Canada. Canada, the US’s neighbour, previously led with a market share of 46.3%, according to research by CoinGecko.
Traders and analysts doubt further bullish momentum in Bitcoin. With a focus on Ethereum and altcoins. A $233 million Bitcoin ETF influxed on Friday.
Crypto Horizon
Source
2024-02-24 19:25:00
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