Canadian Securities Regulators Approve North America’s First Bitcoin ETF
Canadian securities regulators have approved the world’s first “direct-custody” bitcoin exchange-traded fund (ETF) to be launched by Purpose Investment, according to a press release shared with Bitcoin Magazine. While this is the world’s first investment vehicle calling itself a bitcoin ETF, there are already some European investment products that are physically-backed by bitcoin and work virtually the same. But this is the first such vehicle to gain regulatory approval in North America. Purpose Investments worked closely with the Ontario Securities Commission (OSC) in order to....
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Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month. A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF.The SEC’s formal review of Fidelity Investments’ application was documented in a May 25 filing that appeared on the regulator’s....
The Ontario Securities Commission gave its blessing Thursday.
While Bitcoin may evolve to become gold 2.0, Ether-based funds could offer investors exposure to a new utility technology. Unlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in its regulatory green light for three new Ether (ETH)-based exchange-traded funds, North America’s first.“Having an easily accessed ETF in Canada changes the competitive landscape,” Campbell Harvey, professor of international business at Duke University’s Fuqua School of Business, told Cointelegraph. The United States....
Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange. Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from global financial firms.Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Accelerate Bitcoin ETF (ABTC).Announcing the news on Feb. 3, Accelerate Financial said that ABTC will offer units denominated in both United States....
It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.