Evolve Plans to Launch Canada s First Multi-Cryptocurrency ETF (TSX: ETC) on Wednesday, September 29, 2021 newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
Evolve Announces Bitcoin ETF Begins Trading on TSX
News provided by
Share this article
Evolve ) is pleased to announce the launch of the Bitcoin ETF (
EBIT ).
EBIT has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (
TSX ) today under the ticker symbol
EBIT. The recent institutional adoption has helped further legitimize the progress of bitcoin, says Raj Lala, President and CEO at Evolve. Being able to offer an ETF which holds physical bitcoin is a real game changer in Canada. Now investors may participate in bitcoin via their brokerage accounts within their RRSP and TFSA. Bitcoin has proven to be a store of value that is uncorrelated to other major asset classes – and has now emerged as an asset class itself.