Accelerate Financial Technologies Files for Bitcoin ETF

Accelerate Financial Technologies, a Calgary-based financial services company, announced today that it has officially filed a preliminary prospectus with the Canadian securities regulators to gain approval for Accelerate Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ETF to be listed on the Toronto Stock Exchange with a ticker symbol of ABTC.

According to the official announcement, ABTC will be offered in the US and Canadian dollars with a management fee of 0.70%. The company mentioned that the Toronto Stock Exchange (TSX) has not approved ABTC’s listing application yet.

Accelerate Financial introduced the first BTC fund in Canada in 2017. The company is planning to offer a wide range of alternative investment products to investors. Accelerate Financial is one of the most prominent alternative investment solution providers in Canada.

Commenting on the recent announcement, Julian Klymochko, Founder and CEO of Accelerate, said: “Ever since launching Canada’s first BTC fund in July 2017, I’ve been an advocate for the asset class. 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. Given BTC’s historical track record and future potential, along with its portfolio diversification properties, we are looking forward to offering investors exposure to the asset class in an easy-to-use, low-cost ETF.”

Bitcoin ETF

The Securities and Exchange Commission (SEC) in the US rejected several bids for Bitcoin ETF in the last few years. In 2018, the SEC rejected the Bitcoin ETF attempt by the Winkelvoss twins. In February 2020, the SEC rejected Wilshire Phoenix’s bid for a bitcoin-based exchange-traded fund (ETF). Canada’s stance on Bitcoin and other crypto-assets has been a little different from the US. The latest filing by Accelerate Financial shows that the Canada-based companies are trying to offer Bitcoin-related investment products under a clear regulatory environment.

“Given the speculative nature of bitcoin and the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term of the bitcoin market, an investment in ABTC is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in ABTC is considered high risk,” the company mentioned in the official announcement.