Canadian Bitcoin ETFs Bounce Back Strongly on Triple Tailwinds
Canadian Bitcoin ETFs are roaring back, fueled by a perfect storm of optimism, institutional U.S. demand, and regulatory shifts.
Bitcoin on a Wave of Optimism
Bitcoin is having a strong week edging closer to six figures, thanks to a mix of good news and shifting market vibes.
Hints from the White House about progress on a US-China trade deal have lifted hopes and pulled investors away from safe-haven assets like gold, sending more money flowing into crypto instead.
On top of that, U.S. Bitcoin ETFs saw a huge jump in demand last week — almost $3 billion poured in after a couple of slow months — tightening supply and pushing prices higher.
The mood around crypto regulation is also turning a lot more positive. In just his fourth day on the job, new SEC Chairman Paul Atkins made it clear he’s taking a pro-innovation approach, promising to fix the long-running issues that have been holding the industry back. With more institutional money coming in and regulators sounding a lot more crypto-friendly, it’s no surprise Bitcoin and Ether are riding the wave.
Canadian Crypto ETF Market
The standout performer last week was the iShares Bitcoin ETF - CAD (IBIT), which surged by +17.37% and is now up +2.41% year-to-date. Although IBIT recorded a small outflow of $437,000 over the week, its total year-to-date inflows of $141.26 million underlines the success of IBIT’s launch in Canada and the strength of the Blackrock brand among ETF investors.
Another major Bitcoin fund, the Fidelity Advantage Bitcoin ETF (FBTC), also performed strongly with a +12.49% gain for the week, backed by $5.2 million in new inflows, though it remains slightly negative year-to-date.
On the Ethereum side, the CI Galaxy Ethereum ETF (ETHX.B) jumped +14.02% last week. Despite this bounce, ETHX.B is still down a steep -48.25% year-to-date, highlighting how Ether’s lingering struggles.
Group data
Index Data
Funds Specific Data
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
