Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Shares Up 1.5% - Should You Buy?

Key Points

• The Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) experienced a 1.5% increase in share price, reaching C$21.29 during trading.
• Approximately 275,274 shares were traded, marking a significant decline of 46% from the average daily volume.
• This ETF aims to provide unitholders with long-term capital appreciation by holding substantially all assets in Bitcoin as a lower-cost alternative to direct investment.

Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC - Get Free Report) traded up 1.5% during trading on Thursday . The stock traded as high as C$21.38 and last traded at C$21.29. 275,274 shares were traded during trading, a decline of 46% from the average session volume of 507,477 shares. The stock had previously closed at C$20.97.

Purpose Bitcoin CAD ETF Currency Hedged Units Stock Down 2.5%

The firm's fifty day moving average price is C$20.93 and its 200 day moving average price is C$18.89.

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.