Purpose Investments to launch world’s first Bitcoin Exchange Traded Fund

Feb 13, 2021 AlShorts Web Desk

Canadian securities regulator Ontario Securities Commission has approved launch of Purpose Bitcoin ETF, which is world’s first Bitcoin exchange traded fund. It aims to offer investors easy and efficient access to Bitcoin, and will be first in the world to invest directly in physically settled Bitcoin, not derivatives. ETF could offer some advantages to investors, such as buying at net asset value rather than at a premium.