The first Bitcoin exchange-traded fund (ETF) in North America has been approved in Canada. The Bitcoin ETF was approved for investment firm Accelerate Financial.
Cointelegraph in a report that the decision document was approved on the 11th of February. The ETF covers selected locations such as British Columbia, Alberta, Saskatchewan, Quebec, and Nova Scotia. Other locations mentioned in the report are New Brunswick, Manitoba, Yukon, and Nunavut, Newfoundland and Labrador, Prince Edward Island, and Northwest Territories.
Before the approval, Accelerate Financial Technologies had filed and received a receipt for a preliminary prospectus. The investment firm filed for the Accelerate Bitcoin ETF (ABTC) with the Canadian securities regulators on the 2nd of February.
In the filing, Accelerate founder and CEO Julian Klymochko said:
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