In what’s been a record-breaking year for Bitcoin, the originators of the world’s first exchange-traded funds to hold the cryptocurrency appear to be at risk of being left behind.
Bitcoin ETFs were launched in Canada in February 2021, making them the first in the world. This led to billions of dollars of inflows from Canadian and foreign investors who wanted exposure to the original digital currency. But when US Bitcoin ETFs were approved earlier this year, some investors began to reconsider their Canadian crypto investments.