Crypto News Bulletin from seekingalpha

Friday February 19, 2021 2:00 PM
5 days 20 hours ago

$165 million in trade flow volume for Bitcoin ETF on day 1

The first North American Bitcoin (BTC-USD) based exchange traded fund came storming out of the gates on its first trading day. The crypto ETF investors exchanged $165 million worth of shares on the first day. Time will tell to see the level of inflows that pour into the Canadian ETF and how the assets under management will stack up overtime. Being that it is the first ETF though can definitely give itself an advantage to other pending bitcoin ETFs. Bitcoin and the Bitcoin ETFs have been taking the market by storm. In just the past week alone a few large industry players have gotten the needle to move. Jeffrey Gundlach founder of DoubleLine Capital LP tweeted yesterday 2/18/21: “I am a long-term dollar bear and gold bull but have been neutral on both for over six months. Lots of liquid poured into a funnel creates a torrent. Bitcoin maybe The