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02 March 2021

Canada: Second Bitcoin ETF Set to Commence Trading on Toronto Stock Exchange

Canada: Second Bitcoin ETF Set to Commence Trading on Toronto Stock Exchange


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The Second Canadian Bitcoin ETF Set to Commence Trading on TSE.

The Canadian Evolve Bitcoin exchange-traded fund (ETF) is on course to join the Toronto Stock Exchange (TSE) under the name EBIT.

Nevertheless, the SEC has turned down several requests filed by exchanges to trade bitcoin ETFs, resonating the action from security concerns.

Amy Arnott, a portfolio analyst, supported the idea of including bitcoin ETFs on the market, saying it comes as a ‘holy grail.’ Although happy about ETF in exchanges, the analyst continued to say the bitcoin price volatility is a concern.

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