Winklevoss’ Gemini Would Back New Bitcoin ETF Application in Canada
The ETF is planned to be listed on the Toronto Stock Exchange (TSX) under the ticker "BIT.U.”
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Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada. Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada.On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission.According to a preliminary long form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing....
What makes Canada so appealing for exchange platform operators is how there is no specific regulation in the country. Ever since the Winklevoss twins launched their Gemini exchange platform, things seem to have quieted down quite a bit. Until earlier today, that is, as the company announced it will expand its business to Canada. Further international expansion is planned as well. The Winklevoss twins are synonymous with Bitcoin and cryptocurrency. Both Cameron and Tyler are firm believers in the future of Bitcoin, and they have shown keen interest in the concept for several years. They....
3iQ’s Bitcoin QBTC fund has surged 900% in market cap since October 2020, breaking a $1 billion milestone. Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund.On Jan. 14, 3iQ’s Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone demonstrates QBTC’s parabolic growth after 3iQ launched the fund in April 2020. QBTC is now up 900% from its previous milestone of $100,000 recorded in October 2020.As previously reported, 3iQ’s QBTC is Canada's first public Bitcoin fund listed on a major....
One of the world’s largest credit card company, Mastercard has partnered with the Winklevoss brothers’ Gemini cryptocurrency exchange to facilitate its credit card crypto reward system. The Gemini-powered credit cards would offer a 3% crypto reward on purchases through the card starting this summer. The card is to be issued by WebBank, a Utah-based digital […]
Gemini exchange, based out of New York’s Flatiron District, is launching what may be a first within the Bitcoin ecosystem - daily Bitcoin auctions. The very first official auction on Gemini will be a BTC/USD pairing and will occur today at 4:00pm Eastern Time. Future auctions will occur every day, including weekends and holidays, at 4:00pm ET. Tyler Winklevoss, Gemini Chief Executive Officer, said to Bloomberg: "We believe this is the first-ever end-of-day Bitcoin exchange auction. Auctions create greater price discovery and liquidity, resulting in a very meaningful final auction....