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Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Trading Up 2.7% - Should You Buy?

Purpose Bitcoin CAD ETF Currency Hedged Units logo with background

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - Get Free Report)'s share price shot up 2.7% on Wednesday . The stock traded as high as C$20.45 and last traded at C$20.39. 549,094 shares traded hands during trading, a decline of 3% from the average session volume of 564,156 shares. The stock had previously closed at C$19.86.

Purpose Bitcoin CAD ETF Currency Hedged Units Trading Up 4.1%

The company's 50-day moving average price is C$19.39 and its two-hundred day moving average price is C$17.78.

About Purpose Bitcoin CAD ETF Currency Hedged Units

(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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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.

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