{"id":176382,"date":"2021-02-12T05:01:03","date_gmt":"2021-02-12T02:01:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/first-bitcoin-etf-approved-in-canada\/"},"modified":"2021-02-12T05:01:03","modified_gmt":"2021-02-12T02:01:03","slug":"first-bitcoin-etf-approved-in-canada","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/first-bitcoin-etf-approved-in-canada\/","title":{"rendered":"# First Bitcoin ETF approved in Canada"},"content":{"rendered":"

“# First Bitcoin ETF app<\/a>roved in Canada <\/strong>”
\n<\/p>\n

A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada.<\/p>\n

This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product.<\/p>\n

The decision document<\/a> was approved on Thursday, Feb. 11, and covers the following territories; British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut.<\/p>\n

Accelerate Financial Technologies had filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Accelerate Bitcoin ETF (ABTC) on Feb. 2.<\/p>\n

It stated<\/a> that the fund will offer units denominated in both United States and Canadian dollars with a 0.7% management fee, adding that it had applied to list ABTC units on the Toronto Stock Exchange.<\/p>\n

At the time, founder and CEO of Accelerate, Julian Klymochko, said;<\/p>\n

\u201cBitcoin has been one of the best performing asset classes on a 1-year, 3-year, 5-year and 10-year basis, both absolute and risk-adjusted. Given Bitcoin\u2019s historical track record and future potential, along with its portfolio diversification properties, we are looking forward to offering investors exposure to the asset class in an easy-to-use, low-cost ETF.\u201d<\/p><\/blockquote>\n

The firm offers a suite of other ETFs, including the recently launched OneChoice Alternative Portfolio ETF which is the country\u2019s first fund to provide single-ticket exposure to multiple alternative asset classes and investment strategies including Bitcoin, gold, arbitrage, and private credit.<\/p>\n

In mid-January, Canadian investment fund manager Arxnovum also filed a prospectus for a Bitcoin ETF with the Ontario Securities Commission.<\/p>\n<\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# First Bitcoin ETF approved in Canada ” A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada. This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product. The decision document was approved on Thursday,…<\/p>\n","protected":false},"author":1,"featured_media":176383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZGU4NzNkMTEtNTg5MC00MDQzLWIwYjUtMjg0ZmE2NzI5MjRjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75849,70934],"class_list":["post-176382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-etf","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/176382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=176382"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/176382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/176383"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=176382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=176382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=176382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}