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Canadian investment firm Accelerate Financial files for Bitcoin ETF

Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund(ETF), amid a renewed interest in crypto ETFs from global financial firm

Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Accelerate Bitcoin ETF (ABTC).

Announcing the news on Feb. 3, Accelerate Financial statedthat ABTC will offer units denominated in both United States and Canadian dollars. The company hasapplied to list ABTC units on the Toronto Stock Exchange, with listing being subject to the exchange’s requirements.

As reported by Cointelegraph, the company also notedthat “The TSX has not conditionally approved ABTC’s listing application and there isno assurance that the TSX will approve the listing application.”

Accelerate Financial founder and CEO Julian Klymochko stated that the company is looking forward to offering investors exposure to Bitcoin as one of the best-performing assets based on its historical track record and future potential. “Bitcoin has been one of the best-performing asset classes on a 1-year, 3-year, 5-year and 10-year basis, both absolute and risk-adjusted,” he said.

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