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Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Trading 3.5% Higher - Still a Buy?

Purpose Bitcoin CAD ETF Currency Hedged Units logo with background

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - Get Free Report)'s stock price shot up 3.5% during mid-day trading on Monday . The company traded as high as C$19.92 and last traded at C$19.88. 196,757 shares traded hands during trading, a decline of 67% from the average session volume of 597,187 shares. The stock had previously closed at C$19.21.

Purpose Bitcoin CAD ETF Currency Hedged Units Stock Performance

The business's 50 day simple moving average is C$18.20 and its 200-day simple moving average is C$17.62.

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.

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