Calgary-based financial services firm Accelerate Financial Technologies plans to list its Bitcoin ETF on the Toronto Stock Exchange.
A new application
Another Canadian company has filed for a Bitcoin (BTC) exchange-traded fund, or ETF, amid global financial companies’ renewal of interest in crypto ETFs.
Accelerate Financial Technologies filed a petition with Canadian securities regulators for Accelerate Bitcoin ETF (ABTC) for a preliminary prospectus.
Accelerate Financial announced on February 3 that ABTC will offer units in both US and Canadian dollars. The company has applied to list ABTC units on the Toronto Stock Exchange, and the listing is subject to the exchange’s requirements.
The result is not clear
“TSX has not conditionally approved ABTC’s listing application, and there is no assurance that TSX will approve the listing application,” the company said.
Accelerate Financial founder and CEO, Julian Klymochko, said the company looks forward to offering investors Bitcoin as one of the best performing assets based on its historical background and future potential. “Bitcoin has been one of the best performing asset classes on a 1-year, 3-year, 5-year and 10-year basis, both absolute and risk-adjusted,” he said.
In mid-January, Canadian mutual fund manager Arxnovum filed a petition with local securities regulators for a Bitcoin ETF.
On January 21st, VanEck applied to the US Securities and Exchange Commission to launch an ETF for digital assets.