Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Shares Down 2.1% – Here’s What Happened

Shares of Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCCGet Free Report) fell 2.1% during trading on Friday . The stock traded as low as C$19.78 and last traded at C$19.91. 643,149 shares traded hands during trading, an increase of 5% from the average session volume of 612,357 shares. The stock had previously closed at C$20.34.

Purpose Bitcoin CAD ETF Currency Hedged Units Stock Performance

The company’s 50-day moving average price is C$16.81 and its 200 day moving average price is C$17.31.

About Purpose Bitcoin CAD ETF Currency Hedged Units

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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.

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