BitOne Capital | The first publicly traded bitcoin exchange-traded fund (ETF) in North America has collected $421.8 million in assets under management (AUM) in two days.

February 20, 2021

by Tanzeel Akhtar in Most Useful

| 195 views | February 20, 2021 | 5:20 pm

Purpose Investment’s bitcoin (BTC, -4.88%) ETF officially started trading on the Toronto Stock Exchange (TSX) under the ticker “BTCC” on Thursday.
The fund has seen huge interest, trading well over $100 million shares on its first day, and by the end of Friday it had collected $421.8 million AUM.
Bloomberg Intelligence ETFs analyst Eric Balchunas tweeted the Purpose Investment’s bitcoin ETF could reach $1 billion in assets by the end of next week.
On Friday, another bitcoin ETF, the Evolve ETF, started trading on the TSX under the ticker “EBIT” and has $1.271 million AUM.
Both Evolve and Purpose Investment’s bitcoin ETFs have a management fee of 1%.
Purpose’s index information is provided by TradeBlock, a CoinDesk subsidiary.

Read more: State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?

The first publicly traded bitcoin exchange-traded fund (ETF) in North America has collected $421.8 million in assets under management (AUM) in two days.