Tuesday, July 27, 2021

Canadian investment firm Accelerate Financial files for Bitcoin ETF

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One other Canadian firm has filed an software for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from world monetary companies.

Speed up Monetary Applied sciences has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Speed up Bitcoin ETF (ABTC).

Announcing the information on Feb. 3, Speed up Monetary stated that ABTC will supply items denominated in each United States and Canadian {dollars}. The corporate has utilized to listing ABTC items on the Toronto Inventory Change, with itemizing being topic to the change’s necessities.

“The TSX has not conditionally permitted ABTC’s itemizing software and there’s no assurance that the TSX will approve the itemizing software,” the corporate famous.

Speed up Monetary founder and CEO Julian Klymochko stated that the corporate is trying ahead to providing traders publicity to Bitcoin as one of many best-performing property primarily based on its historic monitor document and future potential. “Bitcoin has been one of many best-performing asset lessons on a 1-year, 3-year, 5-year and 10-year foundation, each absolute and risk-adjusted,” he said.

In mid-January, Canadian funding fund supervisor Arxnovum filed a prospectus for a Bitcoin ETF with native securities regulators.

On Jan. 21, VanEck filed with the U.S. Securities and Change Fee to launch a digital asset-related ETF.