Canadian investment firm Accelerate Financial applies for Bitcoin ETF

The financial services provider Accelerate Financial Technologies wants to list its Bitcoin ETF on the Toronto Stock Exchange.

Another Canadian company has now filed an application for an exchange-traded Bitcoin ( BTC ) fund

The resurgent interest in Crypto Genius review from global financial companies is once again clear.

Accelerate Financial Technologies has filed a preliminary prospectus for the Accelerate Bitcoin ETF (ABTC) with the Canadian Securities Commission and has received a receipt.

Upon announcing the news on February 3, Accelerate Financial said that ABTC would offer shares in both US and Canadian dollars. The company has filed for listing of ABTC shares on the Toronto Stock Exchange. The listing depends on the requirements of the exchange.

„The TSX has not conditionally approved the listing of ABTC and there is no guarantee that the TSX will approve the listing,“ said the company

Accelerate Financial founder and CEO Julian Klimotschko said the company looks forward to offering investors exposure to Bitcoin. Because it’s one of the best performing assets, as evidenced by its historic track record. Its future potential is also very high. „Bitcoin was one of the assets that performed best over the 1-year, 3-year, 5-year, and 10-year timeframes, both in absolute terms and on a risk-adjusted basis,“ he explained.

In mid-January, the Canadian investment fund manager Arxnovum submitted a prospectus for a Bitcoin ETF to the securities regulator.

On January 21, VanEck filed an application for an ETF for digital assets with the US Securities and Exchange Commission .