Canada-based Bitcoin ETF Sees Surge In Demand Amid Unrest

Despite the decline in Bitcoin prices, the demand for Bitcoin ETFs remains strong. The Purpose Bitcoin ETF (BTCC) in Canada has reached an all-time high. Purpose Bitcoin ETF, which was the world's first spot-settled Bitcoin ETF, now has 32,329 bitcoins.

Objectives Bitcoin ETF's holdings are currently valued at $ 1.3 billion, according to Glasnod data. On-Chain College, a market analyst, noted that the ETF has gained about 7,700 BTC since November. This represents a 31% increase over last year.

The new milestone comes after ETF experienced its biggest one-day flow in recent memory. Purpose Bitcoin ETF gained about 1750 BTC in the first two days of this month. More than $ 64 million was invested at the time, indicating the optimism of some investors in the midst of a market downturn.

ETF has just celebrated its one-year anniversary on the Toronto Stock Exchange. Purpose Investments, ETF's management, recalled the day in a statement that ETF was playing a key role in crypto adoption in Canada.