According to an announcement from Ninepoint on Thursday, the securities’ regulatory authorities in each of the 10 provinces and 3 territories of Canada have acknowledged a receipt for its application to establish a Bitcoin exchange-traded fund, or ETF.
Should the application be successful, the Ninepoint Bitcoin ETF would trade on the TSX under the ticker symbols used for its Bitcoin trust: BITC.U for U.S.
Canadian regulators have given the green light to many firms applying for crypto ETFs this year, including offerings from investment fund manager 3iQ, Purpose Investments, Evolve Funds Group and CI Global Asset Management.