‘You’d better buy some Bitcoin’ — BTC figures defy Canada gov’t as ETF assets hit record By Cointelegraph

[ad_1]

© Reuters.

Canada’s war on (BTC) appears to be backfiring as the country’s flagship exchange-traded fund (ETF) adds thousands of BTC.

Data from on-chain monitoring resource Coinglass shows that over the two weeks to Feb. 24, the Purpose Bitcoin ETF has increased its holdings from 28,854 BTC to 32,257 BTC — 11.8%.

Purpose Bitcoin ETF BTC holdings. Source: Coinglass
Bitcoin exchange reserves chart. Source: CryptoQuant