“The initial surge in interest was evidence of some combination of pent-up demand, investors switching from other means of getting Bitcoin exposure, and the fact that Bitcoin’s price was notching new highs as the Purpose ETF began trading,” said Ben Johnson, Morningstar’s global director of ETF research. “Longer term, I expect volumes will be correlated with Bitcoin’s price.”
CBOE files to list VanEck’s proposed Bitcoin ETF
Financial giant State Street will be the ETF’s fund administrator; Canada’s Evolve proposes Ether ETF
The Chicago Board Options Exchange, better known as CBOE, has filed to list the yet-to-be-approved VanEck Bitcoin exchange-traded fund.
MicroStrategy make $1B BTC buy on top of Square, ETF investments
As Bitcoin crashed, two big corporate buyers doubled down, while investors poured more than a half billion dollars into Canada’s Purpose Bitcoin ETF in just one week
According to a Feb. 24 announcement, MicroStrategy bought 19,452 BTC for its reserves, worth more than $1 billion. With this addition, the company’s holdings reach a total of 90,531 BTC, or $4.46 billion as of press time. The firm’s CEO, Michael Saylor, said that accumulating Bitcoin is now one of its core objectives.