{"id":36576,"date":"2021-02-17T11:32:18","date_gmt":"2021-02-17T09:32:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36576"},"modified":"2025-08-29T07:02:05","modified_gmt":"2025-08-29T04:02:05","slug":"ontario-approves-second-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ontario-approves-second-bitcoin-etf\/","title":{"rendered":"Ontario approves second Bitcoin ETF"},"content":{"rendered":"<p>The Ontario Securities Commission (OSC) has granted approval to Evolve Funds Group to launch its exchange-traded fund (ETF) based on the first cryptocurrency.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Evolve ETFs will soon be bringing one of the world\u2019s first Bitcoin ETFs to market. Providing investors access to bitcoin through an ETF structure. Stay tuned for launch date and more. <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptoinvesting?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptoinvesting<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/etfs?src=hash&#038;ref_src=twsrc%5Etfw\\\">#etfs<\/a> <a href=\\\"https:\/\/t.co\/RoNUBIUIhq\\\">https:\/\/t.co\/RoNUBIUIhq<\/a><\/p>\n<p>\u2014 Evolve ETFs (@EvolveETFs) <a href=\\\"https:\/\/twitter.com\/EvolveETFs\/status\/1361798999687245824?ref_src=twsrc%5Etfw\\\">February 16, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The fund will trade under tickers EBIT (CAD) and EBIT.U (USD) on the Toronto Stock Exchange (TSX). This will occur three weeks after the corresponding application was filed with the OSC.<\/p>\n<p>Bitcoin ETF quotes from Evolve Funds Group will mirror the movement of CF Benchmarks&#8217; Bitcoin Reference Rate index, which aggregates data from several cryptocurrency exchanges.<\/p>\n<p>According to the fund\u2019s prospectus, access to the product will be available to residents of all ten provinces and three territories of Canada.<\/p>\n<blockquote>\n<p>\u00abThe product structure allows daily creation and redemption of ETF shares. Investors will not have to pay high premiums on the secondary market\u00bb, \u2014 <a href=\\\"https:\/\/cointelegraph.com\/news\/evolve-wins-second-canadian-bitcoin-etf-as-ontario-regulators-approves-application\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">\u043f\u0440\u043e\u043a\u043e\u043c\u043c\u0435\u043d\u0442\u0438\u0440\u043e\u0432\u0430\u043b<\/a> \u0421\u0443\u0439 \u0427\u0443\u043d, \u0433\u0435\u043d\u0435\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 CF Benchmarks.<\/p>\n<\/blockquote>\n<p>Earlier in February <a href=\"https:\/\/u1f987.com\/en\/news\/canada-registers-bitcoin-etf-ahead-of-the-united-states\">OSC approved the application to launch a Bitcoin ETF<\/a> managed by Purpose Investments.<\/p>\n<p>In October on the TSX started <a href=\"https:\/\/u1f987.com\/en\/news\/tsx-launches-canadian-dollar-trading-of-3iqs-the-bitcoin-fund-shares\">trades of the index Bitcoin fund shares<\/a> by 3iQ.<\/p>\n<p>As of this writing, the regulator had not approved any of them.<\/p>\n<p>Earlier, SEC Commissioner Hester Peirce said the U.S. capital markets <a href=\"https:\/\/u1f987.com\/en\/news\/sec-commissioner-hester-peirce-market-ready-for-bitcoin-etp-launch\">are ready to launch<\/a> bitcoin-based exchange-traded products.<\/p>\n<p style=\\\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\\\"><a style=\\\"text-decoration: underline;\\\" title=\\\"View Evolve en Finalprosp Bits on Scribd\\\" href=\\\"https:\/\/www.scribd.com\/document\/494854714\/Evolve-en-Finalprosp-Bits#from_embed\\\">Evolve en Finalprosp Bits<\/a> by <a style=\\\"text-decoration: underline;\\\" title=\\\"View ForkLog's profile on Scribd\\\" href=\\\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\\\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\\\"lazy\\\" id=\\\"doc_35509\\\" class=\\\"scribd_iframe_embed\\\" title=\\\"Evolve en Finalprosp Bits\\\" src=\\\"https:\/\/ru.scribd.com\/embeds\/494854714\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-kiCLK7z5zYgQKMYdYpEu\\\" width=\\\"600\\\" height=\\\"800\\\" frameborder=\\\"0\\\" scrolling=\\\"no\\\" data-auto-height=\\\"false\\\" data-aspect-ratio=\\\"0.7729220222793488\\\"><\/iframe><\/p>\n<p>Follow ForkLog on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ontario Securities Commission (OSC) granted approval to Evolve Funds Group to launch its Bitcoin ETF based on the first cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":36577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,1211],"class_list":["post-36576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36576"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36576\/revisions"}],"predecessor-version":[{"id":36578,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36576\/revisions\/36578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36577"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}