The ETF developed by Purpose Investments of Toronto was approved for trading by the Ontario Securities Commission last week

Purpose’s ETF is the first of two Bitcoin ETFs slated to launch on the Toronto Stock Exchange this week

With the ETFs, retail investors get access to Bitcoin investments without owning the asset directly

Purpose’s ETF is launched amid a surge in Bitcoin and other cryptocurrencies prices Bitcoin hit an all-time high of around 66 on Wednesday500 CAD

Regulators had previously withheld approval of a Bitcoin ETF, citing the potential for market manipulation and concerns about the safe storage of assets

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World News – CA – The first Bitcoin ETF in North America launches on the TSX amid of a crypto price boom