quick take

  • BlackRock’s recent filing of a spot Bitcoin ETF sparked a wave of interest among other financial institutions, prompting them to file their own spot ETFs.
  • Purpose Bitcoin ETF (BTCC.B), a physically settled cold storage Bitcoin ETF, toronto stock exchange Canada also saw renewed interest and a resurgence.
  • The ETF currently holds 24,705 BTC, the highest value since the beginning of the year.
  • The uptrend is encouraging for investors as it indicates that investor confidence has been restored once again and that there may be renewed interest in buying bitcoin through exchange-traded products.
date Purpose Bitcoin ETF holding (BTC)
June 26, 2023 24705
June 23, 2023 23649
June 22, 2023 23360
June 21, 2023 23189
June 20, 2023 22961
June 19, 2023 22909
June 16, 2023 22903
June 15, 2023 22851
June 14, 2023 22740
June 13, 2023 22740
June 12, 2023 22751
June 9, 2023 22757
June 8, 2023 22772
June 7, 2023 22769
June 6, 2023 22777
June 5, 2023 22705
June 2, 2023 22677
June 1, 2023 22719

Purpose BTC ETC Bitcoin reserves

Purpose BTC ETF Holdings: (Source: Glassnode)
Purpose BTC ETF Holdings: (Source: Glassnode)

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By Jules

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