Page 28 - Purpose Bitcoin News Today

IE Staff Toronto-based Purpose Investments Inc. has received approval from Canadian securities regulators to issue a direct custody Bitcoin ETF — the first of its kind. Purpose Bitcoin ETF (BTCC) will invest in physically settled Bitcoin directly, instead of using derivatives. “Bitcoin holdings are kept in ‘cold storage’ — the most secure custody solution in the market,” Purpose stated in a release. New York–based Gemini Trust Company is the fund’s sub-custodian, and CIBC Mellon...

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.

Purpose Investments has announced that its bitcoin ETF has received regulatory approval in Canada.

The fund is the world's first to invest directly in physically settled Bitcoin