Purpose Investments’ bitcoin exchange fund reached the figure of 11,445 BTC this Friday to total the value of assets under its management of CAD 713 million, according to data from Glassnode, equivalent to USD 563.27 million.
For its part, the Evolve Fund Group ETF currently shows USD 43.36 million of funds managed, according to its website, equivalent to 881 BTC, with which the ETFs launched in Canada accumulate 12,326 BTC.
In parallel with this growth, the daily volumes traded through this ETF, and that of the second ETF launched in Canada by Evolve Fund Group, they have decreased to, respectively, USD 17 million, and USD 15 million. In contrast, during the initial two days of the Purpose Investments ETF, USD 425 million were traded.
Bloomberg reported that the total volume traded in February by bitcoin ETFs was CAD 701 million, equivalent to UDS 555 million. The following graph shows the evolution of the BTC accumulated by the Purpose Investments ETF.
Both ETFs are traded on the Toronto Stock Exchange. The Purpose Investments ETF shares contain an underlying BTC (NAV) value of 0.00016505 BTC, so its current price is 10.63 Canadian dollars (CAD) or $ 8.39. Evolve’s ETF shares, meanwhile, are trading at CAD 24.03, $ 18.98 at the time of writing, which implies a NAV of 0.00037309 BTC.
The success of the first two ETFs in North America, a fact reported in this media, has raised expectations about the last request made to the SEC for a similar investment instrument in the United States, made at the beginning of January of this year. More recently, CriptoNoticias reviewed the introduction of a request from CBOE to that same commission to list the shares of that ETF, whose approval is still pending.