TORONTO - Bitcoin-based exchange traded funds are getting the go-ahead from Canadian regulators, creating a path for a fund structure that investment managers say is unique in the industry. After Purpose Investments announced the milestone, another Canadian fund, 3iQ, said it also received preliminary receipts for a Bitcoin ETF in all of the Canadian provinces and territories except for Quebec. Ronald Landry, who runs Canadian ETF services for CIBC Mellon, says it is working on getting more cryptocurrency services up and running in Canada. Loading... Loading... Loading... Loading... Loading... Loading...Digital currency brokerage Coinbase says the price of Bitcoin has surged 368 per cent in the past year and 23 per cent in the past month, and at midday Monday sat at $61,443.79. An earlier version erroneously described Gemini Trust Co.’s parent company and incorrectly named the fund administrator of Purpose Investments’ Bitcoin ETF.

Source: thestar February 15, 2021 18:26 UTC