Shares of Purpose Bitcoin ETF (TSE:BTCC.B – Get Free Report) shot up 3.4% during trading on Wednesday . The company traded as high as C$20.67 and last traded at C$20.54. 389,559 shares changed hands during trading, a decline of 24% from the average session volume of 515,290 shares. The stock had previously closed at C$19.86.
Purpose Bitcoin ETF Price Performance
The firm has a 50-day moving average price of C$22.06 and a two-hundred day moving average price of C$21.37.
Purpose Bitcoin ETF Company Profile
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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