Purpose Bitcoin ETF (TSE:BTCC.B – Get Free Report)’s stock price dropped 4.6% on Monday . The company traded as low as C$12.23 and last traded at C$12.34. Approximately 353,527 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 479,667 shares. The stock had previously closed at C$12.94.
Purpose Bitcoin ETF Stock Performance
The business has a 50-day moving average price of C$15.90 and a two-hundred day moving average price of C$19.16.
About Purpose Bitcoin ETF
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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