Free Trial

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Trading 0.9% Higher - Here's What Happened

Purpose Bitcoin CAD ETF Currency Hedged Units logo with background

Key Points

  • The Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) saw a share price increase of 0.9%, last trading at C$20.34 after reaching a high of C$20.45.
  • Trading volume dropped significantly, with only 215,125 shares exchanged, marking a 60% decline from the average session volume.
  • The ETF aims to provide unitholders with long-term capital appreciation by investing primarily in Bitcoin, offering a lower-cost alternative to direct Bitcoin investments.
  • MarketBeat previews top five stocks to own in October.

Shares of Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - Get Free Report) were up 0.9% on Wednesday . The stock traded as high as C$20.45 and last traded at C$20.34. Approximately 215,125 shares traded hands during trading, a decline of 60% from the average daily volume of 531,225 shares. The stock had previously closed at C$20.16.

Purpose Bitcoin CAD ETF Currency Hedged Units Stock Performance

The company's 50 day simple moving average is C$20.79 and its two-hundred day simple moving average is C$18.49.

Purpose Bitcoin CAD ETF Currency Hedged Units Company Profile

(Get Free Report)

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.

Read More

Should You Invest $1,000 in Purpose Bitcoin CAD ETF Currency Hedged Units Right Now?

Before you consider Purpose Bitcoin CAD ETF Currency Hedged Units, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Purpose Bitcoin CAD ETF Currency Hedged Units wasn't on the list.

While Purpose Bitcoin CAD ETF Currency Hedged Units currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Markets Are Sliding: Where to Find Opportunity
5 Hot Stocks to Buy Now: September’s Top Picks With Major Momentum
$15 Billion for Cybersecurity: The Government’s Next Big Push

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines