A second preliminary prospectus for an ether exchange-traded fund (ETF) has been filed Tuesday by Evolve Funds Group in Canada.
The exchange's owner is also planning a reverse takeover with the aim of listing on TSX Ventures.
The fast-growing Purpose Bitcoin ETF was projected to hit $1 billion by the end of this week, but as of Friday the assets were less than $700 million.
If approved, the ETF would trade on the Toronto Stock Exchange under the ticker “ETHX.”
The bank says its VCAD stablecoin is the first digital currency issued by and backed by deposits with a North American bank.
One analyst said the ETF could reach $1 billion in assets under management by the end of next week.
The Canadian fund has experienced a flurry of demand but in the U.S. a bitcoin ETF is an unrealized desire.
It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.
The Ontario Securities Commission gave its blessing Thursday.
The imitation site is not authorized by EY and affected users have been advised to avoid at all costs.
The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.
The Accelerate Bitcoin ETF would list on the Toronto Stock Exchange under the ticker “ABTC.”
The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange.
Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.
Stephen Harper said "the number of things that people use as reserves will expand," but the U.S. dollar will still retain its dominant role.