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27 February 2021

Canada's Bitcoin ETF Is Garnering Major Attention | Live Bitcoin News

Canada's Bitcoin ETF Is Garnering Major Attention | Live Bitcoin News


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Recently, Live Bitcoin News reported that Canada had introduced the world to the first bitcoin-based exchange-traded fund (ETF).

The product has only been around for a few days, and already it’s smashing records and has sold more than $165 million worth of shares through the Canadian stock exchange, otherwise known as the TSX.

Many firms sought to take the lead on introducing such a product to the world, with companies like Bitwise and Van Eck coming close enough to at least earn consideration from agencies such as the Securities and Exchange Commission (SEC).

Many times, traders believed that the introduction of such a product was right around the corner.

Known as the Purpose Bitcoin ETF (BTCC), nearly ten million shares were traded on the first day of the product’s launch.

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