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North America’s first Bitcoin ETF sees explosive debut with $564M in assets By Cointelegraph

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North America’s first Bitcoin ETF sees explosive debut with $564M in assets

Less than a week after its debut, the Purpose exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise.

Crypto data provider Glassnode reported Tuesday that the Purpose ETF has reached $564 million in assets under management, an impressive feat considering the fund only launched five days ago. As Cointelegraph reported, the fund generated $80 million in volume during its first hour of trading and reached nearly $100 million on its first day.