Canada’s First Bitcoin ETF Hits $421.8M AUM in Two Days
One analyst said the ETF could reach $1 billion in assets under management by the end of next week.
The exchange's owner is also planning a reverse takeover with the aim of listing on TSX Ventures.
The fast-growing Purpose Bitcoin ETF was projected to hit $1 billion by the end of this week, but as of Friday the assets were less than $700 million.
A second preliminary prospectus for an ether exchange-traded fund (ETF) has been filed Tuesday by Evolve Funds Group in Canada.
If approved, the ETF would trade on the Toronto Stock Exchange under the ticker “ETHX.”
The bank says its VCAD stablecoin is the first digital currency issued by and backed by deposits with a North American bank.