North America’s first bitcoin exchange-traded fund attracted a jolt of trading volume as it made its debut on Thursday in Canada, marking the latest sign of the frenzy in cryptocurrencies.
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.
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.
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