Purpose Investments Files Crypto ETF Prospectus with Canadian Securities Regulator

2021-10-21 08:07

Purpose Investments Inc. has announced a filing with the Canadian securities regulator to launch three actively managed crypto ETF products.

In seeking to democratize access to cryptocurrency, and provide portfolio exposure to cryptocurrency, Purpose Investments Inc., has filed a prospectus and annual information form in connection with the launch of the Purpose Crypto Opportunities ETF, the Purpose Bitcoin Yield ETF, and the Purpose Ether Yield ETF.

Purpose is a very client-centric company, with a range of managed and quantitative investment products. The Purpose Crypto Opportunities ETF seeks to provide clients with long-term capital appreciation by investing in securities that provide exposure to crypto-assets. To achieve this, the investment strategy will include investing in publicly listed securities and derivative instruments that provide exposure to digital assets.

Crypto yield ETFs

Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF will provide investors with monthly distributions and long-term capital appreciation by obtaining direct and possibly indirect exposure to bitcoin and Ether respectively while using a derivative-based strategy with respect to portfolio securities.

Both ETFs are available in three ETF series, which are Canadian dollar-denominated ETF currency-hedged units, Canadian dollar-denominated ETF non-currency hedged units, and mutual fund units.

Purpose Investments’ trailblazing achievements

The Purpose Bitcoin ETF was launched in February 2021, after winning approval from the Canadian securities regulator. Two days after its launch, the ETF grew its assets under management to over $400M.

In April, Purpose launched another world-first, a direct custody Ether ETF. At the time, U.S. regulators were not willing to budge on the position regarding ETFs, only recently approving a bitcoin futures ETF, which has directly preceded bitcoin reaching record-breaking highs on Oct 20.

Canadian company Purpose Investments was founded in 2012 and surpassed $1B in assets under management. In March 2021, the total value of assets managed by Purpose Bitcoin ETF crossed $1B and launched the world’s first physically settled Bitcoin ETF.

The post Purpose Investments Files Crypto ETF Prospectus with Canadian Securities Regulator appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

canadian regulator purpose securities investments crypto etf

Источник: beincrypto.com

canadian regulator → Результатов: 47


Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing

The Canadian Securities Administrators (CSA) has released fresh guidance for cryptocurrency exchanges on advertising and marketing along with the use of social media. An umbrella group for securities regulators in the country, CSA published the guidelines this week in collaboration with the Investment Industry Regulatory Organization of Canada after they became aware of certain advertising […] The post Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing first appeared on BitcoinExchangeGuide.

2021-9-24 21:03


Poloniex To Face Regulatory Action For Violating Securities Laws In Canada

The Canadian securities regulator, the Ontario Securities Commission, has accused the cryptocurrency exchange Poloniex of flouting Ontario securities law. Ontario Regulator Files Statement Of Allegations Against Poloniex The regulator filed a statement of the allegation on Tuesday, claiming that Poloniex failed to seek approval as a crypto trading platform operating in the province.

2021-5-27 18:30


Canadian Exchange Coinsquare Accused of ‘Wash Trading’ by Ontario Securities Commission

Canadian financial watchdog, Ontario Securities Commission (OSC), is accusing Coinsquare crypto exchange of market malpractices with a hearing on this case set for July 21. According to the OSC, CoinSquare took part in market manipulation activities by giving a false picture of trading volumes to its clients'.

2020-7-20 15:46


QuadrigaCX was an “Old-fashioned Fraud Wrapped in Modern Technology” – OSC Report

“What happened at Quadriga was an old-fashioned fraud wrapped in modern technology,” said the Ontario Securities Commission in an investigation. The 10-month long investigation into the exchange by the country’s biggest securities regulator revealed that the collapse of the Canadian cryptocurrency trading platform QuadrigaCX was because of a Ponzi scheme operated by its founder Gerald […]

2020-6-12 17:20


Фото:

Canada Tightens Regulatory Oversight for Crypto Exchanges  

The Canadian Securities Administration (CSA), the nation’s financial regulator has released new guidelines to govern crypto market participants in the country. The new guidelines require all bitcoin (BTC) trading venues and crypto exchanges to come under its purview and operate in total compliance with securities law, according to a Finance Magnates report on January 17,Read MoreRead More.

2020-1-18 20:00


Canadian Regulator BCSC Seizes Einstein Crypto Exchange, Will Shut Down in 2-3 Months

Einstein crypto exchange based in the British Columbia province was recently shut down by the Canadian regulators due to massive debts owed to its clients. According to a press report released on November 4th by the BCSC (British Columbia Securities Commission), the crypto exchange owed its clients as much as $16 million. The regulator had […]

2019-11-5 18:27


Фото:

Kik ICO Trial: Lawyers Issue 130-Page Response Claiming SEC ‘Twisted Facts’

Canadian instant messaging company, Kik, has hit back at the US regulator trying to sue its ICO with a giant public document. Kik Implies ICO Trial Was SEC Publicity Stunt Following that news that the Securities and Exchange Commission (SEC) was taking Kik to court in June, the company has now released a response in which lawyers dissect its allegations on a sentence-by-sentence basis.

2019-8-8 14:00


QuadrigaCX Victims Won’t Get Any Help from Canadian Regulator Over $136 Million in Lost Crypto

In what is the latest twist in the ongoing QuadrigaCX saga, there is some more bad news for users of the Canadian exchange, as the British Colombia Securities Commission (BCSC) said on Thursday that the exchange does not fall under its purview, which means that users are not entitled to any kind of investigative or compensatory action by the regulator.

2019-2-9 14:33


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

World’s First Bitcoin ETF Garners $624 Million in Nine Days

The ETF notably passed the $400 million AUM mark just two days after its launch on Feb. 18. The fund has currently amassed 10,064 BTC. It trades under the tickers “BTCC. B” and “BTCC. U. ” The former is the Canadian dollar-denominated fund and the latter is the U.