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Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Stock Price Up 2.7% - 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) rose 2.7% during trading on Wednesday . The company traded as high as C$20.45 and last traded at C$20.39. Approximately 549,094 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 564,156 shares. The stock had previously closed at C$19.86.

Purpose Bitcoin CAD ETF Currency Hedged Units Price Performance

The business has a 50-day moving average of C$19.26 and a 200 day moving average of C$17.74.

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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