Ebene News – CA – North America’s First Bitcoin ETF Debuts on TSX as Cryptocurrency Prices Rise

TORONTO – North America’s first Bitcoin exchange-traded fund started trading on the Toronto Stock Exchange today

The Purpose Bitcoin ETF, developed by Toronto-based Purpose Investments, was approved for trading last week by the Ontario Securities Commission

Shares of the ETF closed at $ 10.25 on the S&P / TSX Composite Index, up 25 cents from their opening offer

This is the first of two Bitcoin ETFs expected to launch on the Toronto Stock Exchange this week

The second ETF, from Evolve Funds Group Inc, is expected to start trading on Friday under the ticker symbol EBIT

ETFs will allow retail investors to access Bitcoin investments without directly owning the asset

Purpose’s ETF launch comes amid a surge in prices for Bitcoin and other cryptocurrencies, with Bitcoin hitting an all-time high of around C $ 66,500 on Wednesday

Regulators had previously resisted approval of a Bitcoin ETF, citing the potential for market manipulation and concerns over how to store assets safely

VoteResults> Archives>

BTCC, btccb, btcc etf, btcc stock, Bitcoin ETF, bitcoin etf canada, but bitcoin etf

Ebene News – CA – The first Bitcoin ETF in North America debuts on the TSX as cryptocurrency prices rise

Source: https://www.orilliamatters.com/national-business/first-bitcoin-etf-in-north-america-debuts-on-tsx-as-cryptocurrency-prices-surge-3437628