Canadian investment firm Accelerate Financial files for Bitcoin ETF

One other Canadian firm has filed an utility for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from international monetary companies.

Speed up Monetary Applied sciences has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Speed up Bitcoin ETF (ABTC).

Announcing the information on Feb. 3, Speed up Monetary mentioned that ABTC will supply items denominated in each United States and Canadian {dollars}. The corporate has utilized to checklist ABTC items on the Toronto Inventory Alternate, with itemizing being topic to the trade’s necessities.

“The TSX has not conditionally accredited ABTC’s itemizing utility and there’s no assurance that the TSX will approve the itemizing utility,” the corporate famous.

Speed up Monetary founder and CEO Julian Klymochko mentioned that the corporate is trying ahead to providing traders publicity to Bitcoin as one of many best-performing belongings primarily based on its historic monitor document and future potential. “Bitcoin has been one of many best-performing asset lessons on a 1-year, 3-year, 5-year and 10-year foundation, each absolute and risk-adjusted,” he acknowledged.

In mid-January, Canadian funding fund supervisor Arxnovum filed a prospectus for a Bitcoin ETF with native securities regulators.

On Jan. 21, VanEck filed with the U.S. Securities and Alternate Fee to launch a digital asset-related ETF.