ALAICOIN | Canadian Authorities Support Innovation with Approval of First Bitcoin ETF

ALAICOIN | Canadian Authorities Support Innovation with Approval of First Bitcoin ETF

The Ontario Securities Commission, a major security regulatory authority in Canada, has approved the launch of the Purpose Bitcoin ETF on February 12, 2021, thus providing investors with more opportunities to use cryptocurrency.

Purpose Investments Inc., based in Toronto, said: “This ETF will become the world’s first fund to directly invest in physically settled Bitcoin rather than derivatives, thereby enabling investors to easily and efficiently utilize the emerging cryptocurrency asset class.”

Som Seif, CEO and founder of Purpose Investments, stated that holding Bitcoin involves risks, such as losing storage keys and passwords or even corrupting transactions. However, the ETF eliminates these risks.

With Canada launching the first Bitcoin ETF in North America, many expect the United States to follow suit.

ALAIcoin digital asset trading platform was established in 2017, registered in California, USA, created by top blockchain investment institutions from Wall Street, investment elites, early investors, and researchers in the blockchain industry, aiming to build a one-stop international blockchain digital asset trading platform.

Since its establishment in the USA in 2017, ALAIcoin digital asset exchange has been committed to providing users with secure, professional, and compliant digital currency trading services. Focusing on North America and Asia-Pacific as core markets, it is fully expanding its global business. Adopting a dual registration system in the USA and Singapore, embracing regulation and compliant operation, it has successively obtained or is applying for MSB and US NFA regulatory licenses (compliance operating licenses), licenses issued by the USA, Canada, the UK FCA, and the Australian ASIC, continuously promoting the development of the cryptocurrency industry.

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