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First North American bitcoin ETF booms on debut with $165 million of shares trading hands

First North American bitcoin ETF booms on debut with $165 million of shares trading hands

The bitcoin price smashed through $50,000 this week
Omar Marques/SOPA Images/LightRocket via Getty Images



North America's first bitcoin ETF had a strong start on the Toronto stock exchange on Thursday.



Bloomberg data showed $165 million worth of shares changed hands, reflecting strong demand.



The price of bitcoin jumped to a new high of above $52,800 on Friday as the rally roared on.



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North America's first bitcoin ETF had a strong showing on its first day of trading on Thursday, with $165 million worth of shares trading on Canada's TSX exchange, according to Bloomberg data.The Purpose Bitcoin ETF (BTCC) far outstripped the usual first day performance of an exchange-traded fund. Investors traded almost 10 million shares in the Canadian dollar version of the fund, making it one of the most active securities on the TSX.Bitcoin smashed through the $50,000 this week, and touched an all-time high of above $52,800 on Friday morning.Tesla's move to buy up $1.5 billion of bitcoin has boosted the currency, while other big firms from BlackRock to Mastercard are moving in.
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