Another Bitcoin ETF set to be listed on the Toronto Stock Exchange
Last Updated: 03 February 2021
A Canadian company Accelerate Financial Technologies has filed a prospectus to list a new Bitcoin exchange-traded fund (ETF) in the Toronto Stock Exchange (TSX). The prospectus has been filed with the Ontario Securities Commission, with plans to list the ETF under the sticker “ABTC.”
The Calgary-based financial services firm said ABTC will be available for trade against the U.S. and Canadian dollars with a 0.7% management fee. However, the firm stated that the listing is subject to approval from TSX.
Accelerate Financial was also responsible for the introduction of the first BTC ETF in Canada when it received approval in 2017. The firm now wants to add more alternative investment products for its teaming users and investors.