Canada’s war on Bitcoin appears to be backfiring as the country’s flagship exchange-traded fund (ETF) adds thousands of BTC.

Data from on-chain monitoring resource Coinglass shows that over the two weeks to Feb. 23, the Purpose Bitcoin ETF has increased its holdings from 28,854 BTC to 32,257 BTC - 11.8%.

“Canada warning everyone to get their coins off the exchanges because they will take them is the most incredible advertisement for Bitcoin I’ve seen in my entire life,” podcast host Dennis Porter wrote.

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