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Bitcoin ETF Roars in Debut With $165 Million of Trading Volume

  • Purpose Bitcoin ETF, ticker BTCC, debuted in Toronto Thursday
  • Largest cryptocurrency has surged fivefold in the past year
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North America’s first Bitcoin ETF got off to a stellar start in its debut, with investors exchanging $165 million worth of shares.

After a relentless surge in the world’s largest digital currency, the first Bitcoin product that’s officially labeled an exchange-traded fund debuted Thursday in Toronto. It’s worth noting, though, that Europe has several crypto-tracking products that function like an ETF. The new fund, called Purpose Bitcoin ETF (ticker BTCC), invests directly in “physical/digital Bitcoin,” issuer Purpose Investments Inc. said in a statement.