CryptoMarketCap - Cryptocurrency Market Capitalizations logo CryptoMarketCap - Cryptocurrency Market Capitalizations logo
Seeking Alpha 2021-02-12 13:11:29

Bitcoins first approved ETF by Canadian Securities Regulator

The time has come for the first North American Bitcoin (BTC-USD) ETF, it has been approved by Canadian Securities Regulator. The Calgary-based firm Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian Securities Regulator for the Accelerate Bitcoin ETF (ABTC).The primary purpose and function of the Bitcoin exchange traded fund will be to mirror the behaviors of Bitcoin minus all fees related to the fund. The ETF is expected to be listed on the Toronto Stock Exchange but that has yet to be officially confirmed. In accordance with a decision document approved yesterday February 11th, 2021 by the Ontario Securities Commission it will cover multiple jurisdictions. The territories will include British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut. See document below:Well, the Canadians have broken down the barrier for the cryptocurrency

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer