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Over the last year, the price of bitcoin has skyrocketed more than 900 percent, rising from just under US$5,000 to nearly US$54,000. The cryptocurrency’s meteoric ascent has created a lot of buzz, as well as interest from investors clamoring to enter one of the hottest markets. Unfortunately, bitcoin can be notoriously difficult to understand, and that has kept some investors away. Accessibility is changing quickly, however. In the last 12 months there have been a plethora of new additions to the bitcoin investment landscape, including several bitcoin trusts and the world’s first three bitcoin exchange-traded funds (ETFs).
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3 Bitcoin ETFs Have Been Approved in North America There are now three bitcoin exchange-traded funds (ETFs) in North America, all approved within the past month by Canada’s securities regulators. They are currently trading on the Toronto Stock Exchange. The latest approved bitcoin ETF, backed by Mike Novogratz’s Galaxy Digital, began trading Tuesday. 3 Bitcoin ETFs in Canada Canada’s securities regulators have approved three bitcoin exchange-traded funds (ETFs) within the past month. The first approved North American bitcoin ETF was Purpose Bitcoin ETF, followed by Evolve Bitcoin ETF. Both are now trading on the Toronto Stock Exchange (TSX). The third one is CI Galaxy Bitcoin ETF, which started trading on the TSX exchange Tuesday. This bitcoin ETF is trading under the ticker symbols BTCX.B and BCTX.U. The former trades unhedged in Canadian dollars while the latter trades in U.S. dollars. The announcement describes: ....
CI Galaxy Bitcoin ETF Begins Trading on the TSX with World's Lowest Management Fee of any Bitcoin ETF apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Ways to Invest in Bitcoin as the Market Accelerates investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.