bitcoin etfBusinessCanadaGalaxy Digital

Galaxy Digital Is Launching A Canadian Bitcoin ETF Tomorrow

A bitcoin ETF managed by Galaxy Digital expects to go live in Canada tomorrow.As filings for the first approved bitcoin exchange-traded fund (ETF) in the U.S. pile up, CI Global Assets Management (CI GAM) has announced that its bitcoin ETF will hit the Toronto Stock Exchange (TSX) this week.The announcement indicated that the product would list on March 9, 2021, making it the third Canadian bitcoin ETF to do so the last two months, though regulatory approval is still pending. The first North American bitcoin ETF was listed in February by Purpose Investment (with $200 million worth of shares sold on its first day).This newly-announced product will be managed by CI GAM, with digital assets financial services firm Galaxy Digital Capital Management (GDAM) acting as “the bitcoin sub-advisor” for the product, per the announcement.“As sub-advisor GDAM will execute bitcoin trading on behalf of the ETF,” per the announcement. “GDAM is the asset management arm of Galaxy Digital, a diversified financial services firm dedicated to the digital asset and blockchain technology sector.”While ETF products appear to be flowing in Canada, no filing for a bitcoin ETF product has received regulatory approval in the United States, though several are pending with the U.S. Securities and Exchange Commission.Bitcoin ETFs could be powerful new ways for U.S. investors to gain exposure to BTC, particularly through their more traditional portfolios. 
Story continues on Bitcoin Magazine

Related posts
bitcoin etfBitcoin ETF Approvalbitcoin etf approvedBitcoin ETFsBitcoin.comcanada bitcoin etfcanadian bitcoin etfGalaxy DigitalMike Novogratzregulationtoronto stock exchangeTSXUS SEC

3 Bitcoin ETFs Have Been Approved in North America

There are now three bitcoin exchange-traded funds (ETFs) in North America, all approved within the past month by Canada’s securities regulators. They are currently trading on the Toronto Stock Exchange. The latest approved bitcoin ETF, backed by Mike Novogratz’s Galaxy…
bitcoin etfCanadafed watchMarketspodcastVideo

Bitcoin ETFs In Canada With Elliot Johnson

In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner spoke with Elliot Johnson of Evolve ETFs.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles…
BusinessIEOoxygenSolana

IEO for Solana’s Latest DeFi Entrant Starts Tomorrow

Investors are following the latest DeFi project to launch on Solana. Oxygen’s IEO kicks off tomorrow, bringing staking and levered trading to the Solana ecosystem. A History of Insane Upside Post-IEO After the successful launch of Raydium on FTX, Oxygen…