Express

Bloomberg Analyst Predicts Purpose's BTCC Will Reach $1 Billion In AUM By Friday

Mary Liu

Summary: Bloomberg's senior ETF analyst Eric Balchunas tweeted that Purpose Investments' Bitcoin ETF (BTCC) could reach $1 billion in asset management (AUM) by Friday.  The AUM of BTCC exceeded $400 million in two trading days after it is listed on the Toronto Stock Exchange. Balchunas also predicts that unless there is a sell-off, BTCC may surpass ...

Bloomberg's senior ETF analyst Eric Balchunas tweeted that Purpose Investments' Bitcoin ETF (BTCC) could reach $1 billion in asset management (AUM) by Friday. 

The AUM of BTCC exceeded $400 million in two trading days after it is listed on the Toronto Stock Exchange.

Balchunas also predicts that unless there is a sell-off, BTCC may surpass all other ETFs in Canada within two months. 

By Mary Liu

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.