First North American Bitcoin ETF posts strong entry

The Bitcoin index fund, approved in Canada, immediately enjoyed great popularity with North American investors.

The first North American Bitcoin index fund, the so-called Purpose Bitcoin ETF (BTCC), made a crashing debut on its launch day

As Bloomberg Law on February 18 reported , has the Canadian Index Fund (ETF) on the Toronto Stock Exchange ( TSX trading volume of more than 80 million records), alone in the first hours achieved US dollars. This euphoria then subsided, however, because in the following hour the ETF only reached USD 15 million in trading volume. At the time of going to press, BTCC.B, the Canadian dollar version, had 7,905,000 units traded while BTCC.U, the US dollar quoted version, had 1,312,000 units.

In the accompanying press release , the CEO of Purpose Investments writes that his company is convinced of the future potential of Bitcoin:

„We are convinced that Bitcoin will continue to grow as the first and largest cryptocurrency and establish itself as an alternative asset class, which will enable it to continue to strengthen its attractiveness as an investment product,“ said the head of the investment company. And further: „Our goal at Purpose is to become the market leader in crypto investments and to open up alternative investment paths for investors that are not based on traditional standards.“

The official website of Purpose Investments shows that the company’s own Bitcoin ETF is currently covered by 85.34569077 BTC. Depending on the buying interest, more Bitcoin should be added later. Interestingly, the investment firm names EtherCapital, a hedge fund specializing in Ethereum, as one of its partners in creating the Bitcoin ETF.

Although the Purpose ETF is currently the first North American Bitcoin index fund, more are likely to follow soon. The Financial Ontario already has a second Bitcoin ETF from the Evolve Funds Group waved through , also multiple outstanding requests have now been to the Authority submitted .

IOTA, Dell and Intel unveil new project Alvarium

IOTA, Dell and Intel unveil new project Alvarium

IOTA (MIOTA) is cooperating with Dell Technologies and Intel. The joint project „Alvarium“ aims to measure the trustworthiness of data, thereby ensuring error-free communication of smart contracts.

IOTA has been making headlines again and again lately. This has also been Bitcoin Optimizer reflected in the price of MIOTA. Now, the Iota Foundation has unveiled a new project in a press release published on 11 February.

Another big step towards #datasecurity in #ProjectAlvarium!
Together with Dell Technologies and Intel, we’re thrilled to introduce the world-first demonstration measuring the trustworthiness of data. https://t.co/CnLKHHN9rp#IOTA #Oracles @delltech @intel
– IOTA (@iotatoken) February 11, 2021

Today’s industries are increasingly relying on automated decision-making systems to make decisions based on vast amounts of data for many critical decisions. At a time when data volumes are growing enormously worldwide, it is becoming increasingly important for companies to ensure the verifiability of the data they analyse.

Therefore, above all, trustworthy data that automated decision-making systems can rely on is extremely important. The Alvarium project therefore offers the possibility on IOTA to evaluate trust in data. This gives decentralised applications (dApps), for example, the opportunity to recognise for themselves which data is reliable – and which is not.

IOTA and Dell team up with Intel

IOTA and Dell also want to cooperate with Intel to make Alvarium a reality and win new customers for themselves. Furthermore, the press release reveals that Dominik Schiener, co-founder of the IOTA Foundation, considers Alvarium to be extremely important for the future of the Internet of Things (IoT):

We are coming to a convergence of technologies and a growth in data usage, but for this to succeed on a large scale, we need to be able to trust the data we use.

The IOTA Foundation, Dell and Intel plan to introduce Alvarium in a public webinar on 24 February and provide more specific details about the project.