Cryptocurrencies
First Bitcoin ETF in North America Is Launching in Canada
- Purpose Investments says new fund will start trading Thursday
- Debut comes as U.S. issuers continue to seek SEC approval
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The first exchange-traded fund tracking Bitcoin in North America begins trading in Toronto on Thursday, in a potential milestone moment for both the cryptocurrency and ETF industries.
The Purpose Bitcoin ETF (ticker BTCC) provides exposure to the world’s largest cryptocurrency by investing directly in “physical/digital Bitcoin,” issuer Purpose Investments Inc. said in a statement. The fund will be available both in Canadian dollar and U.S. dollar units.