An update on Bitcoin
|Bitcoin's Exchange-Trade Funds, (ETF.), are fading fast in Canada.
In the first two days of trading, the Purpose Bitcoin ETF. was changing hands at $400 million U.S.
Today, it dropped to $17 million U.S.
The rapid fade is a result the fickle nature of investors interest in the currency.
Some finance experts, however, believe the fade is temporary and that the currency's ETF. is going to recover.
The Purpose Bitcoin ETF. is the first of its kind in North America.
Bitcoin's price rosed to $58,000 earlier this year.
That has cooled off in recent days.
The price of Bitcoin dropped to $43,000 at the end of February.