Canadian Securities Regulators Approve North America’s First Bitcoin ETF

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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