North America’s first bitcoin ETF captures flurry of trading on debut

Gareth Jones

February 19, 2021

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Gareth Jones

capital markets

Close to 10m shares in the Purpose Investments bitcoin ETF changed hands on the first day of trading in Toronto, according to data from exchange operator TMX Group tracking the Canadian dollar version of the fund.

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The early flurry of trades placed the Purpose Investments ETF on the list of the day’s top-10 most actively traded securities on the Toronto Stock Exchange. It highlights how the cryptocurrency boom has shown little signs of abating as bitcoin has reached a high of about $50,000. The Bitcoin ETF from Canadian fund manager Purpose Investments provides investors with exposure to bitcoin without needing to hold the digital tokens themselves. The fund stores the cryptocurrency offline with Gemini Trust Company, the US crypto venture founded by the Winklevoss twins.

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