Page 27 - Purpose Bitcoin News Today

Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world's biggest cryptocurrency.

The worlds biggest cryptocurrency recently stood at $48,800 on Sunday morning, up 3.2%

Some major financial firms join move into virtual currency trading, but many banks remain reluctant to engage with volatile asset

Canada authorizes first exchange-traded bitcoin fund

Read more about Canadian regulator clears worlds first bitcoin exchange traded fund launch on Business Standard. The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement

Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators Being behind Canada on Bitcoin funds could put U.S. ETF providers at a disadvantage when it comes to gaining market share. February 12, 2021 3 MINS The decision by Canadian regulators to approve a Bitcoin ETF could represent a tipping point for U.S. money managers’ efforts to get their own Bitcoin funds through the regulatory logjam, one analyst said. Purpose Investments announced Friday morning that it...

Canada’s main securities regulator has cleared the launch of the world’s first exchange-traded bitcoin fund, the investment manager and the regulator said on Friday, giving retail investors greater access to the booming cryptocurrency. The Ontario Securities Commission gave Purpose Investments Inc the nod to roll out the Purpose Bitcoin ETF (exchange-traded fund) on the Toronto Stock Exchange. It is to start trading under the ticker BTCC “as early as next week,” a company spokesman said....

“I think the OSC is doing the right thing allowing for an ETF,” Salzer said. “It gets rid of some of the negatives of the current funds.” Bitcoin notched a record high of $48,975 on Friday. It has gained about 63% so far this year and soared roughly 1,130% since mid-March 2020. Elon Musk’s Tesla revealed on Monday it had bought $1.5 billion worth of the cryptocurrency and would soon accept it as a form of payment for its cars, while the cryptocurrency has been gaining acceptance among...

The first Bitcoin ETF has been approved in North America. the ETF is set to debut in the Toronto Stock Exchange.

Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.