Spot Bitcoin ETF approval in the U.S. has brought a global fundamental shift, despite positive sentiment regarding improved Bitcoin adoption. Canada’s largest Bitcoin ETF issuer in terms of AUM, Purpose Bitcoin ETF, has sold massive BTCs.
Purpose Bitcoin ETF Sells 5000 BTC
Bitcoin buying is now more concentrated in the U.S. than in other regions such as Canada, Germany, and Sweden, which witnessed cautious Bitcoin buying.
Canadians continue selling Bitcoin held in Purpose Bitcoin ETF after the launch of spot Bitcoin ETFs in the United States. Purpose Bitcoin ETF sold 199 BTCs on Friday and 604 BTC in the last 7 days, according to data by HODL15 Capital.
Purpose Bitcoin ETF has sold over 5000 BTCs since the launch of spot Bitcoin ETFs in the U.S., with Bitcoin holdings dropping from 35.71K BTC to 30.76K BTC. Purpose Investments reported the AUM as 2.15B CAD (1.59B USD) and 31102.57709 BTC holdings until February 23.
US Overtakes Canada in Bitcoin ETF Market Share
After the spot Bitco
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