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Canadian Bitcoin ETF sees its third-biggest daily inflow ever

Published 02/03/2022, 07:23 AM
Updated 02/03/2022, 09:00 AM
© Reuters.

Canada-based Purpose Bitcoin ETF attracted over $38 million worth of Bitcoin (BTC) this Tuesday, its third-largest daily inflow to date.

According to data provided by Glassnode, investors poured about 1,054 BTC into the fund, marginally lower than the inflows recorded on Dec. 6, 2021. However, the capital injection still came out to be almost half the amount that entered the Purpose Bitcoin ETF on its debut on Feb. 22, 2021 — over 2,250 BTC.

Purpose Bitcoin ETF flows. Source: Glassnode
BTC/USD daily price chart. Source: TradingView
Flow by digital assets. Source: Bloomberg, CoinShares
BTC/USD daily price chart featuring descending channel. Source: TradingView

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