The world's flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings.
The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling.Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings.Data: Buy the dip interest "skyrocketing"Despite fears that Bitcoin is not yet done with its sell-off, an about turn at Purpose hints at increasing institutional demand.Beginning March 28, when BTC/USD traded above $48,000, Purpose began reducing its exposure, which at the time totaled 36,321 BTC.