Canadian investment firm Accelerate Financial files for Bitcoin ETF

Photo: Cointelegraph

Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange.

Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from global financial firms.

Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Accelerate Bitcoin ETF (ABTC).

Announcing the news on Feb 3, Accelerate Financial said that ABTC will offer units denominated in both United States and Canadian dollars. The company has applied to list ABTC units on the Toronto Stock Exchange, with listing being subject to the exchange's requirements.

“The TSX has not conditionally approved ABTC's listing application and there is no assurance that the TSX will approve the listing application,” the company noted.

Accelerate Financial founder and CEO Julian Klymochko said that the company is looking forward to offering investors exposure to Bitcoin as one of the best-performing assets based on its historical track record 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 stated.

In mid-January, Canadian investment fund manager Arxnovum filed a prospectus for a Bitcoin ETF with local securities regulators.

On Jan 21, VanEck filed with the U.S. Securities and Exchange Commission to launch a digital asset-related ETF.

Reprinted from Cointelegraph, the copyright all reserved by the original author.