More and more Bitcoin is being soaked up by the Canadian Bitcoin Purpose ETF

We don't have a bitcoin ETF here in the US yet, bu that hasn't stopped other places from launching them.

In Canada they have several now all of which have launched in the last couple months.

The Purpose ETF is seeing solid demand as bitcoin holdings continue to build week after week.

Check it out:

(Source: https://twitter.com/mskvsk/status/1411322600681349125/photo/1)

The interesting thing is that even as the price has been week the last several weeks, the holdings have continued to climb.

Ever since the mid-May lows, the balance has trended in one direction, up.

That trend has really picked up the last couple weeks.

Don't let the price action fool you, people are accumulating bitcoin.