Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Trading Down 3.8% - Time to Sell?

Key Points

• Purpose Bitcoin CAD ETF (TSE:BTCC) shares fell by 3.8% on Friday, closing at C$21.08 after reaching a low of C$20.98 during the trading session.
• The ETF aims for long-term capital appreciation by investing primarily in Bitcoin, providing a lower-cost alternative to direct investments in the cryptocurrency.
• Trading volume increased by 23% compared to the average, with 604,170 shares exchanged during mid-day trading.

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - ) shares traded down 3.8% on Friday . The company traded as low as C$20.98 and last traded at C$21.08. 604,170 shares were traded during mid-day trading, an increase of 23% from the average session volume of 492,797 shares. The stock had previously closed at C$21.91.

Purpose Bitcoin CAD ETF Currency Hedged Units Price Performance

The stock's fifty day moving average price is C$20.88 and its two-hundred day moving average price is C$19.40.

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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