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The world's first Bitcoin ETF in Canada buys another $211.6 million in BTC

The world's first Bitcoin ETF in Canada buys another $211.6 million in BTC

Chinese blockchain journalist and blogger Colin Wu tweeted that the Purpose Bitcoin ETF, the first regulator-approved institution of its kind in the country and the world, has added 4,342 Bitcoins to its stash and now holds nearly 29,000 BTC, U.Today reported. Wu tweeted that the Purpose Bitcoin ETF bought 4,342 Bitcoins in the first two weeks of December, adding them to its BTC stash. This amount of cryptocurrency is $211,646,014 at the current Bitcoin exchange rate.

The total amount of Bitcoins in the fund's possession is now 28,974 BTC – $1,411,688,612, up from the 24,632 he owned before December. Thus, the Purpose Bitcoin ETF bought more BTC, while the world's top cryptocurrency is trading below $50,000 this month.

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