Bitcoin
$41,831.81+5.38%
Ethereum
$2,229.14+2.45%
Binance Coin
$228.13+2.72%
XRP
$0.62359323+0.23%
Solana
$61.35-2.44%
Cardano
$0.40244895+2.79%
Dogecoin
$0.08915147+4.72%
Tron
$0.10337324-7.84%
Chainlink
$15.63-1.56%
Avalanche
$21.75+0.44%
Polygon
$0.79958746-1.65%
Polkadot
$5.52+1.41%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

Third Bitcoin ETF Expected to Launch in Canada This Week

If approved, North America's third bitcoin ETF is planned for listing on Tuesday.

By Tanzeel Akhtar
AccessTimeIconMar 8, 2021 at 2:55 p.m. UTC
Updated Sep 14, 2021 at 12:22 p.m. UTC
toronto stock exchange

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Yet another bitcoin exchange-traded fund (ETF) is expected to list on the Toronto Stock Exchange on Tuesday.

  • According to an announcement from provider CI Global Asset Management, regulators have approved the final prospectus for the "CI Galaxy Bitcoin ETF."
  • The ETF is expected to begin trading on the Toronto Stock Exchange (TSX) on Tuesday, subject to approval from the bourse, under the ticker “BTCX.”
  • BTCX will give investors exposure to bitcoin by investing directly in the cryptocurrency with holdings priced using the Bloomberg Galaxy Bitcoin Index.
  • The listing, if approved, would make BTCX the third bitcoin ETF in North America.
  • In February, similar products from Evolve Funds Group and Purpose Investment both listed on the TSX.
  • “I believe our ETF stands out based on its highly competitive price point and CI and Galaxy’s extensive capabilities and track record in managing alternative investments and digital assets,” said Kurt MacAlpine, CEO of CI Financial, the parent company of the CI Global Asset Management.

  Read more: Canada’s CI Global Files for What Would Be World’s First Ether ETF

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.