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CANADA NOW HAVE TWO BITCOIN EXCHANGE TRADED FUNDS 20th of June , 2022
The Canadian government now have two Bitcoin Exchange Traded Funds (ETFs) licensed to operate in the country. These are Evolve Bitcoin ETFs and Purpose Bitcoin ETFs.
The Evolve Funds Group was currently cleared to launch a bitcoin oriented ETFs and this makes it the second approved ETFs in Canada while Purpose Bitcoin ETFs was approved around mid June by the Ontario Securities Commission. Purpose Bitcoin ETFs include: Purpose Bitcoin ETFs - USD, FX Hedged and Non-FX Hedged whereas Evolve Bitcoin (according to a representative of the company) said Ebit will directly own bitcoin on the blockchain in a cold wallet and would as well provide opportunity for investors to use the unhedged ETFs units (Ticker:EBIT) and USD Unhedged units (Ticker:EBITU). Evolve Funds Group Inc would begin bitcoin ETFs operation today.
Both would be listed on the Toronto Stock Exchange (TSX) Market.
The current list of Exchange Traded Funds in Canada are: Evolve ETFs, AGFiQ, BlackRock Inc,BMO Asset Management, Claymore Investments, Hamilton Capital Partners Inc (Hamilton ETFs), Horizons ETFs Management,First Asset, Purpose Investments Inc, Vanguard Investments Canada Inc, Wisdom Tree Canada, Invesco and First Trust.