Google News article The first Canadian bitcoin ETF has been registered as an investment advisor.
The Investment Advisers Regulatory Organization (IRO) has registered the ETF, The CoinShares Bitcoin ETF.
The ETF was created by a company called Cryptocash Investments and launched on the New York Stock Exchange in October.
The company, which claims to be the world’s first licensed and regulated bitcoin ETF, has been trading on the exchange for the past year and is currently trading at around $1.50 per share.
The ETF is expected to trade in the $2 to $2.50 range, depending on market conditions.
The first ETF to become an investment adviser was the Bitcoin Investment Trust in January, when it traded at $10.94 per share on the NYSE.
The new bitcoin ETF is the first of its kind and is the second of its type to be created since November.
The first was created in September, and the second is expected shortly.
According to the company, the company aims to provide investors with exposure to bitcoin, the cryptocurrency and the underlying blockchain technology, which is the basis for bitcoin’s blockchain-based digital ledger system.
The SEC said in a statement that it is “committed to promoting investment and regulatory certainty for the global investment community, and has long been a proponent of an open, transparent and regulatory framework for cryptocurrencies.”
The company is seeking regulatory approval to trade on the Nasdaq Stock Market and is expected for the first day of trading in October to be trading at $3.25 per share, according to the SEC.