Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Hits New 12-Month High - What's Next?

Key Points

• The Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) reached a new 52-week high of C$22.30, closing at C$22.27 with significant trading volume of 564,545 shares.
• This ETF aims to provide long-term capital appreciation by investing predominantly in Bitcoin, offering a secure and lower-cost alternative to direct Bitcoin investments.
• The stock has shown strong performance with a fifty-day moving average of C$20.39 and a two-hundred day moving average of C$18.25.

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - ) reached a new 52-week high on Wednesday . The stock traded as high as C$22.30 and last traded at C$22.27, with a volume of 564545 shares trading hands. The stock had previously closed at C$21.76.

Purpose Bitcoin CAD ETF Currency Hedged Units Stock Performance

The company's fifty day moving average price is C$20.39 and its two-hundred day moving average price is C$18.25.

About Purpose Bitcoin CAD ETF Currency Hedged Units

Purpose Bitcoin ETF (the Fund) seeks to buy and hold substantially all of its assets in the digital currency Bitcoin and seeks to provide unitholders of ETF units with the opportunity for long-term capital appreciation. To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin.

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