Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCC) Hits New 12-Month Low – Here’s Why

Shares of Purpose Bitcoin CAD ETF Currency Hedged Units (TSE:BTCCGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$10.39 and last traded at C$10.46, with a volume of 250666 shares. The stock had previously closed at C$10.96.

Purpose Bitcoin CAD ETF Currency Hedged Units Trading Up 0.8%

The firm has a fifty day simple moving average of C$12.78 and a two-hundred day simple moving average of C$13.57.

Purpose Bitcoin CAD ETF Currency Hedged Units Company Profile

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Purpose Bitcoin ETF (the Fund) seeks to buy and hold substantially all of its assets in the digital currency Bitcoin and seeks to provide unitholders of ETF units with the opportunity for long-term capital appreciation. To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin.

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