115.040001 CAD
5.46
4.53%
Last update Dec 15, 3:59 PM EST
Market closed
Day range
114.050003
119.5
Previous close
120.5
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Bitcoin Fund
115.04
5.46
4.53%

Overview

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Description

The Bitcoin Fund is an exchange-traded fund (ETF) designed to provide investors with exposure to Bitcoin, the pioneering cryptocurrency. Its primary function is to offer an accessible and structured way for investors to gain exposure to Bitcoin's price movements without the complexities of directly purchasing and storing the digital currency. The fund tracks the performance of Bitcoin, simulating its market value, thus ensuring that investors benefit from potential price appreciation. Notable features of the Bitcoin Fund include transparency in pricing, regulatory compliance, and ease of trading through traditional brokerage accounts. It impacts the financial market by broadening access to Bitcoin, especially beneficial for institutional and retail investors looking for digital asset diversification. The Bitcoin Fund plays a significant role in the financial landscape by bridging the gap between conventional investment vehicles and the burgeoning cryptocurrency market, contributing to the mainstream acceptance of digital currencies.

About

Address
4800-One King Street West
Toronto, M5H 1A1, ON
Canada
Phone
Website
Instrument type
Closed-end fund
Country
Canada
MIC code
XTSE
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