Canadian investment firm Accelerate Financial files for Bitcoin ETF
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....
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The approval makes it the first North American Bitcoin ETF. A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada.This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product.The decision document was approved on Thursday, Feb. 11, and covers the following territories; British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and....
The Accelerate Bitcoin ETF would list on the Toronto Stock Exchange under the ticker “ABTC.”
The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February. Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees.According to a Friday report from Bloomberg, the Calgary-based investment services company has pledged to plant 3,450 trees for every $1 million CAD — roughly $792,000 at the time of publication — invested in its Bitcoin (BTC) exchange-traded fund, or ETF. The move is part of Accelerate’s aim to have its Bitcoin ETF be carbon....
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.”
Galaxy Reveals Exchangeable Senior Note Offering
The investment firm Galaxy Digital (TSX: GLXY) aims to raise $500 million via an exchangeable senior note offering. The convertible debt will be used to continue expanding the business. Galaxy details that the private....
Subject to regulatory approval, the asset manager should convert its Bitcoin trust to an ETF starting next week. After putting the matter to a vote amongst the unitholders of its Bitcoin trust, Toronto-based investment manager Ninepoint Partners has filed its final prospectus for a Bitcoin exchange-traded fund.According to an announcement from Ninepoint today, the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada have acknowledged receipt for its application to establish a Bitcoin (BTC) exchange-traded fund, or ETF. The firm said in March it would....