Blood in the streets: Enormous redemptions in the Purpose BTC ETF – forced seller?

The largest Canadian bitcoin ETF, Purpose, saw its AUM plunge 50% on Friday, indicating a massive capitulation from a forced seller.

The Canadian Purpose ETF experienced massive outflows on Friday, amounting to 24,510 BTC on Friday. The fund’s bitcoin under management has fallen by 24,545 BTC since Thursday, equivalent to a 51% decline.

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