The Purpose Investments Bitcoin Exchange Traded Fund (ETF) has reached $624 million in value in a matter of only nine days. The ETF notably passed the $400 million AUM mark just two days after its launch on Feb. 18. The fund has currently amassed 10,064 BTC. It trades under the tickers “BTCC.B” and “BTCC.U.” The former is the Canadian dollar-denominated fund and the latter is t...
Bitcoin surpassed $52,000 for the first time at 7:33 p.m. UTC on the Bitstamp exchange. At press time, it is changing hands at $52,122 after hitting yet another all-time high of $52,240.
On Feb. 16, Bitcoin touched the psychologically important level of $50,000 for the first time. Despite the technical insignificance of this beautiful round number, toppling it was undeniably a watershed moment for the industry that still has a lot to prove.
Bitcoin’s market cap is now just billions away from becoming a $1 trillion asset, with its market cap currently sitting at $965 billion, according to CoinMarketCap data.
The cryptocurrency is up 80 percent year-to-date.