Canadian Investment Company Accelerate Financial Files for BTC ETF
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Canadian investment company Accelerate Financial Technologies has just filed an application to launch a Bitcoin ETF.

According to the announcement shared by the company, it has decided to launch an exchange-traded fund (ETF) of the reference cryptocurrency amid increased interest in cryptos from companies around the world.

The application for the ETF, dubbed Accelerate Bitcoin ETF (ABTC), has been filed with Canadian securities regulators.

As it appears from the application, ABTC will offer units denominated in both US and Canadian dollars. The company has applied to list the ABTC units on the Toronto Stock Exchange, which means the approval of the ETF is subject to the platform requirements.

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According to Accelerate Financial founder and CEO Julian Klymochko, the firm is eager to offer investors exposure to Bitcoin as one of the best performing assets due to its track record and future potential.

It must be noted that other companies have filed their own applications to launch Bitcoin ETFs recently. For instance, Canadian investment fund manager Arxnovum filed an application to launch its own Bitcoin ETF in mid-January, while VanEck filed an application to launch a digital asset-linked ETF with the US Securities and Exchange Commission on January 21.

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