Canadian Bitcoin ETF adds to its holdings despite steep market correction

The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data.

The flagship cryptocurrency has been languishing below $40,000 for the past month, with each attempt to reclaim that level being firmly rejected.

Some believe we are still on track to break triple-digit levels this year, while others believe we are heading for a bear market.

Fund managers in the United States hope to replicate the success of their Canadian counterparts by launching a Bitcoin ETF of their own.

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