🔥🚀 Here is a quick analysis of the performance of 🤑BTCC (Purpose Bitcoin ETF – CAD-hedged, listed on TSX) over the past week:
📈 Price Performance (July 17–23, 2025)
The price decreased from 21.75 CAD to 21.58 CAD, a drop of about –0.78%.
The week saw fluctuations within a range of 21.63 CAD (high point) and approximately 21.45 CAD.
The average weekly price was around 20.51 CAD, with the highest level for the year at 22.27 CAD.
Technical Indicators
TradingView's rating gives a “strong buy” recommendation for the short term (1 week – buy, 1 month – strong buy). Moving averages support the bullish trend.
Supporting / Pressuring Factors on Price
The fund is hedged in Canadian dollars, reducing the impact of US dollar fluctuations on the price.
An increase in weekly trading volume suggests heightened interest, especially with inflows from BTC funds.
The positive technical framework combined with average support indicates a potential rebound soon.
