TORONTO, March 18, 2021 (GLOBE NEWSWIRE) – Purpose Investments Inc. (“Purpose”) is pleased to announce that Purpose Bitcoin ETF (“the ETF”), the world’s first Bitcoin ETF to support physically settled Bitcoin , has exceeded $ 1 billion and its one-month anniversary celebrations underscore investor confidence in our innovation and demand for this emerging asset class.
“When we launched Purpose Bitcoin ETF, we knew we were filling a gap in the market. The achievement of this milestone proves so quickly that investors are looking for convenient and secure access to cryptocurrencies, and shows their trust in our ETF as the main vehicle for this commitment, ”said Som Seif, Founder and CEO of Purpose.
The ETF invests directly in physically settled Bitcoin and not in derivatives. This allows investors easy and efficient access to the emerging asset class of cryptocurrency without the associated risk of self-custody within a digital wallet.
Purpose acts as the manager of the ETF and the Ether Capital Corporation (“Ether Capital”), a company with significant experience and expertise in the field of digital assets, as a special advisor to Purpose.
“The purpose is to bring cryptocurrency into the mainstream,” said Brian Mosoff, CEO of Ether Capital. “Cryptocurrency ETFs have the potential to be truly revolutionary and are a major investor that will pour into space as the ecosystem continues to mature.”
Since the start in 2012, Purpose Investments has been based on its basic principles. Zweck has earned its success through its dedication and approach to risk management, results-oriented investment strategies, accessibility, transparency and sustainability. These principles clearly reflect Purpose’s belief that it is necessary to think differently in order to have a lasting impact on investors and the wealth management industry itself.
“We create success for investors by caring about the same things that they do,” continued Seif. “By working with Ether Capital, a company with extensive expertise in the cryptocurrency space, we have been able to create a great product that we believe will have a positive impact on our clients and their investment experience.”
The aim is not only to enable access to digital assets, but also to train investors. In addition to the ETF, Purpose has a cryptocurrency knowledge center that provides investors with the knowledge and tools to understand this emerging asset class. Further information on the Purpose Bitcoin ETF and the asset class can be found at: https://www.purposeinvest.com/funds/purpose-bitcoin-etf.
About Purpose Investments Inc.
Purpose is an asset management company with more than $ 11 billion in assets under management. Purpose is a relentless focus on customer-centric innovation and offers a range of managed and quantitative investment products. Purpose is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent, technology-driven financial services platform that is transforming the industry by linking and creating opportunities between wealth management, wealth management and small business financial services.
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This press release is not an offer of securities for sale in the United States. The securities described in this press release may not be offered or sold in the United States without registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.
The content of this document is provided for informational purposes only and is not made available in connection with an offer of the securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any securities. The information is neither investment advice nor tailored to the needs or circumstances of an investor. The information contained in this document should under no circumstances be construed as an offer memorandum, prospectus, advertisement or public offer of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is a criminal offense. The information contained in this document is believed to be correct and reliable. However, we cannot guarantee that they are complete or current at all times. The information provided is subject to change without notice and neither Ether Capital Corporation nor any of its affiliates are liable for any inaccuracies in the information presented.
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