Canadian Firm Files for Bitcoin ETF on Toronto Stock Exchange

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....

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....

Just weeks after opening a Bitcoin (BTC) exchange-traded fund, Evolve Fund has opted to file for a similar ETF product based on Ethereum (ETH). With $1.7 billion assets under management, Evolve is a Canadian-based ETF provider that specializes in “bringing disruptive innovation ETFs to Canadian investors.”  Just a month prior, Evolve Funds scored an approval from the Canadian government to proceed with listing their Bitcoin ETF on the Toronto Stock Exchange. Found under ticker EBIT.TO, […]

The Toronto-based investment firm will put the matter to a vote in April. Less than two months after launching trading for shares of its Bitcoin trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund.In an announcement on March 3, Ninepoint said it would be holding a vote for unitholders to decide on whether to convert its existing Bitcoin (BTC) trust to an exchange-traded fund, or ETF, on the Toronto Stock Exchange. The firm said the move is intended to provide a better trading price and increased trading liquidity.....

The Toronto Stock Exchange is looking into the capabilities of blockchain technology. The parent company of Toronto Stock Exchange has appointed Anthony Di Iorio as the Chief Digital Officer. The use of bitcoin’s underlying technology is growing among fintech players. The capability of creating self-executing smart contracts using blockchain technology has proven to be a deal-maker in the case of stock exchanges and trading houses. While the banking sector explores its potential to facilitate fast and inexpensive fund transfers between branches across geographical boundaries, stock....