Bitcoin: Canada’s leading securities regulator has approved the launch of the world’s first exchange-traded bitcoin fund. This information has been released by an investment manager and regulator. That is, now the way has been cleared for retail investors to invest in cryptocurrency bitcoins through ETFs. The bitcoin ETF may begin next week.
Bitcoin ETF Launch Soon: The world’s first bitcoin ETF (Exchange Traded Fund) is going to be launched soon. Canada ‘s leading securities regulator has approved the launch of the world’s first exchange-traded bitcoin fund . This information has been released by an investment manager and regulator. That is, now the way has been cleared for retail investors to invest in cryptocurrency bitcoins through ETFs. The bitcoin ETF may begin next week.
The Ontario Securities Commission has allowed Purpose Investments Inc. to bring a Purpose Bitcoin ETF on the Toronto Stock Exchange. Canada has become the first country in the world to make this decision. A spokesperson for Purpose Investments Inc says that trading in bitcoin ETFs is planned to begin next week. Trading will begin under the BTCC ticker.
Investments can be made directly in physical set bitcoins
Purpose Investments Inc said in a statement that its bitcoin ETF will be the world’s first bitcoin ETF. Investors will be able to invest directly in physically set bitcoins instead of investing in derivatives. This will give investors easy and efficient access to bitcoin. Also, keeping the cryptocurrency in the digital wallet will not be a risk associated with self-custody. The Gemini Trust Company will be the Sub Custodian for the fund, while CIBC Mellon Global Securities Services will oversee its administration.
priced at $ 50000
. Its price is close to touching the mark of 50000 dollars. Bitcoin price reached a new record level of near 49,000 dollars on Friday after US bank BNY Mellon backed cryptocurrencies. The US bank has said it will set up a new unit to help clients hold, transfer and issue digital assets. Apart from this, MasterCard has also announced that it will allow merchants to accept select cryptocurrencies on the MasterCard platform from the end of this year. In 2021, the price of bitcoin has risen by 60% so far.
