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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

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Link: Bloomberg Analyst Predicts Purpose's BTCC Will Reach $1 Billion In AUM By Friday   [Copy]
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