Express
Evolve's Bitcoin ETF Got The Green Light From Canadian Regulators
Summary: The Bitcoin exchange-traded Fund (ETF) built by Evolve Funds Group has been approved by the Ontario Securities Commission (OSC) in Canada, according to an official announcement. The fund, named EBIT, will be traded on the Toronto Stock Exchange and has become the second Bitcoin ETF approved by Canada after Purpose Investments. Although the US SEC has not ...
The Bitcoin exchange-traded Fund (ETF) built by Evolve Funds Group has been approved by the Ontario Securities Commission (OSC) in Canada, according to an official announcement.
The fund, named EBIT, will be traded on the Toronto Stock Exchange and has become the second Bitcoin ETF approved by Canada after Purpose Investments.
Although the US SEC has not approved any Bitcoin ETF, Bloomberg Intelligence's ETF research analyst James Seyffart holds an optimistic attitude: "Evolve was the first to file for a Bitcoin ETF in the U.S. It’s a promising sign if there are no issues with launching a Bitcoin ETF in Canada...The U.S. regulatory framework tends to be a lot more in line with things that happen in Canada."
By Mary Liu
Tags: Bitcoin,Bitcoin ETF,Canada,Evolve,OSC,Purpose Investments,SEC,Toronto Stock Exchange
Link: Evolve's Bitcoin ETF Got The Green Light From Canadian Regulators [Copy]
