{"id":187128,"date":"2021-02-23T22:59:08","date_gmt":"2021-02-23T19:59:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/north-americas-first-bitcoin-etf-sees-explosive-debut-with-564m-in-assets\/"},"modified":"2021-02-23T22:59:08","modified_gmt":"2021-02-23T19:59:08","slug":"north-americas-first-bitcoin-etf-sees-explosive-debut-with-564m-in-assets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/north-americas-first-bitcoin-etf-sees-explosive-debut-with-564m-in-assets\/","title":{"rendered":"# North America\u2019s first Bitcoin ETF sees explosive debut with $564M in assets"},"content":{"rendered":"<p>&#8220;<strong># North America\u2019s first Bitcoin ETF sees explosive debut with $564M in assets  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMWZkOTA3ODYtMWZlYy00ZDcyLWJmMmMtOTE5NmE5OTMzMDFmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise.\u00a0<\/p>\n<p>Crypto data provider Glassnode <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1364258469398929413\">reported<\/a> Tuesday that the Purpose ETF has reached $564 million in assets under management, an impressive feat considering the fund only <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.bloomberglaw.com\/securities-law\/first-bitcoin-etf-in-north-america-sees-raging-interest-in-debut?utm_source=rss&amp;utm_medium=SLNW&amp;utm_campaign=00000177-b5ea-dad3-a37f-fdff6b190000\">launched<\/a> five days ago. As Cointelegraph reported, the fund generated $80 million in volume during its first hour of trading and reached nearly $100 million on its first day. <\/p>\n<p>Glassnode data reveal that, as of Tuesday, the Purpose ETF had 8,288 BTC, having added 2,251 BTC on Monday. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just a few days after the world&#8217;s first <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF started trading, its holdings are at 8,288 BTC \u2013 2,251 were added yesterday alone.<\/p>\n<p>The ETF&#8217;s AUM has crossed half a billion USD, currently sitting at $564M.<\/p>\n<p>Charts: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gupWslpJDR\">https:\/\/t.co\/gupWslpJDR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FMMFSDZJ7Z\">pic.twitter.com\/FMMFSDZJ7Z<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1364258469398929413?ref_src=twsrc%5Etfw\">February 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>This explosive growth aligns with a recent forecast by Bloomberg analyst Eric Balchunas, who said the ETF will likely hit $1 billion in assets by the end of the week. <\/p>\n<p>Canada has quickly emerged as a hotbed for Bitcoin ETF activity. In addition to the Purpose ETF, Evolve Funds Group has received <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval from the Ontario Securities Commission to launch its own Bitcoin fund. Trading under the ticker symbols \u201cEBIT\u201d and \u201cEBIT.U,\u201d the Evolve Funds ETF will provide direct exposure to BTC priced in both Canadian and U.S. dollars. <\/p>\n<p>Inflows into the Purpose ETF appear to be unaffected by Bitcoin\u2019s recent price retracement. The flagship cryptocurrency declined sharply at the start of the week and briefly fell below $45,000, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">according<\/a> to TradingView data. Peak to trough, the Bitcoin price fell more than 20%. It was last seen holding above $46,700.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/north-america-s-first-bitcoin-etf-sees-explosive-debut-with-564m-in-assets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# North America\u2019s first Bitcoin ETF sees explosive debut with $564M in assets &#8221; Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise.\u00a0 Crypto data provider Glassnode reported Tuesday that the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":187129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMWZkOTA3ODYtMWZlYy00ZDcyLWJmMmMtOTE5NmE5OTMzMDFmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,75849,22974],"class_list":["post-187128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-etf","tag-canada"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=187128"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/187129"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=187128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=187128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=187128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}