"Most Canadian Bitcoin Spot ETF Investors Move Funds to the U.S."

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Summary

It was reported that most investors are moving their assets from the Canadian Bitcoin spot ETF to the more liquid U.S. Bitcoin spot ETF.
The U.S. Bitcoin spot ETF is said to offer more liquidity and participation from investors and institutions.
The Canadian Bitcoin spot ETF recorded an outflow of $707 million last year, while the U.S. Bitcoin spot ETF saw a net inflow of $44.2 billion.

It has been observed that the majority of investors who purchased the Canadian Bitcoin spot ETF are moving their assets to the more liquid U.S. Bitcoin spot ETF. Canada was the first country in the world to launch a Bitcoin spot ETF in 2021.

According to Cointelegraph on the 9th (local time), Matt Mena, a cryptocurrency researcher at 21Shares, stated, "A significant number of investors have moved their funds from the Canadian Bitcoin spot ETF to the U.S. Bitcoin spot ETF," adding, "This is because the U.S. Bitcoin spot ETF offers more liquidity and participation from investors and institutions."

He further assessed that "over the past few years, the Canadian spot ETF has benefited from U.S. regulations," and it is not surprising that the U.S., with the largest capital market in the world, dominates the Bitcoin spot ETF market. Previously, the Canadian Bitcoin spot ETF recorded a net inflow of $4.2 billion in its first year of launch.

According to CoinShares data, last year, the Canadian Bitcoin spot ETF recorded an outflow of $707 million, while the U.S. Bitcoin spot ETF saw a net inflow of $44.2 billion.

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