Ebene News – CA – North America’s First Bitcoin ETF Launches on TSX Amid Soaring Crypto Prices

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

The Purpose ETF is the first of two Bitcoin ETFs scheduled to launch on the Toronto Stock Exchange this week

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

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

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

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Ebene News – CA – The first Bitcoin ETF in North America is launched at the TSX amid soaring crypto prices

Source: https://globalnews.ca/news/7648201/bitcoin-etf-tsx-debut/