The digital asset chief expert of VanEck, Gabor Gurbacs, has just tweeted that the first public Bitcoin fund, listed on the Toronto stock exchange two weeks ago, sold 163,716 shares yesterday.
He says this is yet another proof that institutional investors are interested in Bitcoin, despite what BTC critics keep saying.
North American listed (TSX) #Bitcoin fund traded 163,716 shares yesterday! ????Institutions not interested in Bitcoin, they said... lol, the data begs to differ! Excited to see how things develop. pic.twitter.com/CbrLTbUT43
— Gabor Gurbacs (@gaborgurbacs) April 24, 2020
The fund was launched by the Canadian fund manager 3iQ and the Gemini crypto exchange, set up by the Winklevoss twins, was chosen as the custodian. Tyler Winklevoss proudly shared this news on Twitter on April 9:
'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history! https://t.co/YtjFqSh6K5
— Tyler Winklevoss (@tylerwinklevoss) April 9, 2020Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures VolumeScaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling GoldXRP Faces Brutal 11,348% Liquidation Imbalance: What Just Happened?
As earlier reported by U.Today, Bitcoin bull Mike Novogratz stated that Bitcoin ‘is making new friends every day’.
Considering the fact that the next Bitcoin halving takes place in less than twenty days, an inflow of new investors, both retail and institutional, seems natural.
Arman Shirinyan
Dan Burgin
Alex Dovbnya