Hi everyone! This past week, the world’s first and second Bitcoin exchange traded funds – the Purpose Bitcoin and Evolve Bitcoin ETFs respectively – launched in Canada on the Toronto Stock Exchange.
You can read Global BC’s article about the Purpose Bitcoin ETF here: https://globalnews.ca/news/7648201/bitcoin-etf-tsx-debut/
…and Yahoo Finance’s article on the Evolve ETF here:
I think it’s worth keeping an eye on these launches because as cryptocurrency offerings become more prevalent on mainstream markets, the communications law surrounding them will be ripe for rapid development and change. It’ll be interesting to see what information the companies backing these funds will be required to disclose regarding storage and security methods, the extent to which retail investors should have access to this information, and whether standards will develop and evolve to allow investors to more easily differentiate between an increasing assortment of funds for different cryptocurrencies. It’s encouraging that Canada seems to be at the forefront of these developments!