Canadian Bitcoin ETFs Hold More than 62,000 BTC

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North America dominates today’s crypto market as Canadian Bitcoin ETFs gain popularity among investors. According to the latest data from Glassnode, three Bitcoin ETFs trading in Canada collectively hold around 62,628 BTC.

Target ETF, the largest Bitcoin ETF in Canada, has nearly 30,000 BTC under management. The figure represents approximately 47% of the total holdings of Canadian BTC ETFs. Canada is one of the fastest growing crypto countries in the world.

The adoption of digital assets is increasing in Canada. With that, the M&A activity also increased. Earlier this year, WonderFi Technologies announced that the company had decided to buy Canadian crypto platform Bitbuy.

“There are three Bitcoin ETFs trading in Canada, collectively holding a total of 62,628 BTC, equal to 0.33% of current supply. The Purpose Bitcoin ETF accounts for more than 47% of these holdings, with 29,847 BTCs managed,” Glassnode. mentioned.

Purpose Investments has an extensive list of crypto products. Last year, the company introduced the first regulated Ethereum (ETH) exchange-traded fund in the world.

Crypt Market Sense

The newly developed positive sentiment in the crypto market was a major hit over the weekend following the geopolitical uncertainty. Commenting on the price of Bitcoin and the global economic situation, Marcus Sotiriou, an analyst at GlobalBlock, said: also to the fact that Joe Biden said he would close the Nord Stream 2 pipeline if Russia decides to invade. “

“UBS, Switzerland’s largest bank, is not so optimistic about crypto. On Friday, UBS released its opinion on crypto legislation in the United States – it is clear that they expect that despite persistent pressure to make Congress more decisive, the US Congress will take a long time to pass legislation, “Sotiriou added.

North America dominates today’s crypto market as Canadian Bitcoin ETFs gain popularity among investors. According to the latest data from Glassnode, three Bitcoin ETFs trading in Canada collectively hold around 62,628 BTC.

Target ETF, the largest Bitcoin ETF in Canada, has nearly 30,000 BTC under management. The figure represents approximately 47% of the total holdings of Canadian BTC ETFs. Canada is one of the fastest growing crypto countries in the world.

The adoption of digital assets is increasing in Canada. With that, the M&A activity also increased. Earlier this year, WonderFi Technologies announced that the company had decided to buy Canadian crypto platform Bitbuy.

“There are three Bitcoin ETFs trading in Canada, collectively holding a total of 62,628 BTC, equal to 0.33% of current supply. The Purpose Bitcoin ETF accounts for more than 47% of these holdings, with 29,847 BTCs managed,” Glassnode. mentioned.

Purpose Investments has an extensive list of crypto products. Last year, the company introduced the first regulated Ethereum (ETH) exchange-traded fund in the world.

Crypt Market Sense

The newly developed positive sentiment in the crypto market was a major hit over the weekend following the geopolitical uncertainty. Commenting on the price of Bitcoin and the global economic situation, Marcus Sotiriou, an analyst at GlobalBlock, said: also to the fact that Joe Biden said he would close the Nord Stream 2 pipeline if Russia decides to invade. “

“UBS, Switzerland’s largest bank, is not so optimistic about crypto. On Friday, UBS released its opinion on crypto legislation in the United States – it is clear that they expect that despite persistent pressure to make Congress more decisive, the US Congress will take a long time to pass legislation, “Sotiriou added.



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