Evolve Funds has filed with Ontario Securities Commission (OSC) for an Evolve Cryptocurrencies exchange-traded funds (ETF). If Evolve is approved, it will become the second Bitcoin ETF in North America.
Evolve is also the second Bitcoin ETF approved to trade on the Toronto Stock Exchange (TSX). The other three Ethereum ETFs approved by OSC trade on TSX. They include Purpose Investments and CI Global Asset Management.
Canadian investors will be able to hold cryptocurrencies in their brokerage account or a Registered Retirement Saving Plan or a Tax-Free Saving Account.
Evolve Cryptocurrencies ETF will take a broader approach when allocating cryptos to investors based on their market cap weightings.
