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First Public Bitcoin (BTC) Fund in Toronto Trades 163,716 Shares in One Day

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Fri, 04/24/2020 - 13:44
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Yuri Molchan
The first BTC Fund in Toronto with the Winklevoss’ Gemini selected as the custodian trades almost 164,000 shares in just one day
First Public Bitcoin (BTC) Fund in Toronto Trades 163,716 Shares in One Day
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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.

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:

As earlier reported by U.Today, Bitcoin bull Mike Novogratz stated that Bitcoin ‘is making new friends every day’.

Related
Bitcoin Inflation Rate Will Be Lower Than Gold’s After BTC Halving: Electric Capital Co-founder

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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.