Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Trading 0.4% Higher - Here's What Happened

Key Points

• Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) saw a trading increase of 0.4%, with shares last traded at C$20.67 after reaching a high of C$20.81.
• The trading volume was approximately 248,211 shares, which is a significant decline of 54% compared to the average daily volume of 545,185 shares.
• The fund aims to provide unitholders with long-term capital appreciation by investing primarily in Bitcoin, offering a secure and cost-effective alternative to direct investment in the cryptocurrency.

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - Get Free Report)'s stock price was up 0.4% on Tuesday . The stock traded as high as C$20.81 and last traded at C$20.67. Approximately 248,211 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 545,185 shares. The stock had previously closed at C$20.59.

Purpose Bitcoin CAD ETF Currency Hedged Units Trading Down 1.0%

The firm has a 50-day moving average price of C$20.21 and a 200 day moving average price of C$18.20.

Purpose Bitcoin CAD ETF Currency Hedged Units Company Profile

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.