Last week, the Canadian Securities and Exchange Commission approved 2 Bitcoin ETFs, the Purpose Bitcoin ETF and the Evolve Bitcoin ETF. The two companies behind the issuance of these ETFs manage over $2 billion in assets, some of which will now be in Bitcoin.
The news that Bitcoin-centric ETFs have been approved for the first time has brought new positive news in the field of crypto currencies as it is another step towards the adoption of Bitcoin as an alternative investment for large wallets around the world.
Many analysts believe that the decision of the Canadian Securities and Exchange Commission will be a step for the US Securities and Exchange Commission to make a similar move, releasing huge amounts of capital and a new momentum for the Bitcoin market.
