Purpose Bitcoin ETF roars into action with $165 million trading volume
The physically-settled Bitcoin ETF launched in Canada by Purpose Investments roared into action with a stellar performance.
The Purpose Bitcoin ETF was the most traded ETF in Canada on its debut.
Purpose bitcoin ETF trading volume
The Fund, which is denominated in both the Canadian dollar and U.S. dollar classes, enjoyed a greater trading volume than other ETFs on its first day, with the CAD class accounting for the lion’s share.The Canadian dollar-denominated Fund, trading under the symbol BTCC.B roared into action as investors traded the Fund’s shares worth C$209 million (US$165 million).
The USD class (BTCC.U) was placed eleventh as C$41.12 million ($42 million) worth of the shares exchanged hands.
One Bitcoin currently buys 5,249 BTCC.U shares or 6,664 BTCC.B shares.
On its second day of trading, the Fund bought 3535 bitcoins and now holds a total of 6036.7 BTC.
In total, the Fund holds a total of $421 million in assets under management (AUM).
Above the norm
A Bloomberg Intelligence Analyst James Sayffart said noted that BTCC’s debut trading volumes were higher than the usual trading volumes on the first day.The ETF’s proponents argue that it will trade without the massive premiums that characterize many bitcoin Trusts in the U.S.
"There's sizable untapped interest for a Bitcoin investment that has the benefits of an ETF," said Todd Rosenbluth, CFRA Research's director of ETF research.
"While most ETFs come to market globally with an educational hurdle to overcome, many investors are familiar with what is inside BTCC," Rosenbluth added.
An indication of demand
The high trading volume of BTCC indicates the high demand for bitcoin ETFs and similar products.Moreover, it makes a strong case for the U.S. to approve its first bitcoin ETF. Regulators have rejected previous filings due to allegations of industry manipulation as well as the wild price swings associated with cryptocurrencies.
With bitcoin surpassing $1 trillion in market capitalization and change of leadership at the Securities and Exchange Commission (SEC), analysts are hopeful that a BTC ETF will be approved.
The cryptocurrency industry is slowly coming of age as institutional investors turn their attention to bitcoin as a hedge against inflation.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
