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06 March 2021

Canada's Second Bitcoin ETF Starts Trading - Decrypt

Canada's Second Bitcoin ETF Starts Trading - Decrypt


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That means investors will directly own Bitcoin when they invest in EBIT.

EBIT’s daily net asset value will be based on the Bitcoin Reference Rate provided by the Chicago Mercantile Exchange and CF Benchmarks, which is a benchmark index price for Bitcoin denominated in US dollars.

With the launch, EBIT becomes the second regulated Bitcoin product offered to Canadians, and the first is already a success.

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