What Caught Our Attention in the Investment World? – Week of February 15-19, 2021

By Kuldip K. Ambastha

In the last few years, cryptocurrencies (and their associated blockchain technology usages) have attracted the attention of many investors.

During the past trading week, the first-ever North American exchange-traded fund (ETF) for Bitcoin was launched. Purpose Bitcoin ETF (BTCC-B.TO) saw strong interest from investors and heavy daily trading volumes. Though cryptocurrencies are highly volatile, Bitcoin and other cryptocurrencies have been attracting mainstream attention recently.

Purpose Bitcoin ETF was launched by Purpose Investments Inc. of Toronto, Ontario, Canada. The ETF has a 1% management fee, and has an annual distribution frequency. Given the ease of investing in an ETF (vs. directly investing in cryptocurrencies), more cryptocurrency ETFs may emerge in the future within North America.

Keywords – Purpose Bitcoin ETF, BTCC-B.TO, Bitcoin, cryptocurrencies, cryptocurrency, blockchain, technology, North America, North American, exchange-traded fund, ETF, Purpose Investments Inc., Toronto, Ontario, Canada, Canadian.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in BTCC-B.TO.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.

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