Canadian Institutional ETF Investors Are Taking Bitcoin Demand To Heightened Levels
Institutional investors in Canada are accumulating more and more shares of the recently approved Bitcoin Exchange Traded Fund or ETF, which is creating more demand for Bitcoin.
The Purpose Bitcoin ETF, which was approved by Canadian financial regulators in February and is the first of its kind in the country and entire of North America, now has more than 20,000 Bitcoin invested by institutions.
The increased interest in ETF investments comes even as some officials in the US expressed frustration that the country was late in approving a Bitcoin ETF.
