TSX welcomes Purpose Investments Inc. and
celebrates with a virtual market close tomorrow
TORONTO, Feb. 18, 2021 /CNW/ - Toronto Stock Exchange
(TSX) today announced the world's first bitcoin exchange traded
fund (ETF), Purpose Bitcoin ETF, began trading under the symbols
TSX:BTCC.B (Canadian dollar denominated ETF non-currency hedged
units) and TSX:BTCC.U (U.S. dollar denominated ETF non-currency
hedged units).
Purpose Bitcoin ETF is the first direct custody bitcoin ETF in
the world. It's designed to provide investors with exposure to the
leading cryptocurrency by investing directly in physically settled
bitcoin.
To celebrate this milestone, Som Seif, Founder & CEO,
Purpose Investments, and the Purpose Investments team will
virtually close the market tomorrow, February 19, 2021.
"On behalf of Toronto Stock Exchange, I'd like to congratulate
Purpose Investments, a true industry pioneer, on this huge
achievement," said Loui
Anastasopoulos, President, Capital Formation and Enterprise
Marketing Officer, TMX Group. "The launch of trading in the world's
first publicly-listed bitcoin ETF establishes another important
milestone for Canada's markets as
we strive to innovate to serve the evolving needs of clients across
our marketplace. As the ETF industry and the broader investment
landscape continues to expand and new sectors like blockchain and
cryptocurrency and others emerge, we would like to acknowledge the
dedicated efforts of stakeholders across our world-leading
ecosystem, including regulators, for working to ensure Canada remains a leading marketplace for
companies to access growth capital and for investors to participate
in that growth."
"We are so happy to be able to offer this innovation to
investors, making the process of owning Bitcoin easier than ever,
thanks in part to our friends at the Toronto Stock
Exchange. We believe Bitcoin, as the first and largest asset
in the emerging cryptocurrency ecosystem, is poised to continue its
growth trajectory and adoption as an alternative asset, further
cementing the investment opportunity it presents," said Mr. Seif.
"Driving forward to be the leader in cryptocurrency investing is a
testament to Purpose's goal of providing investors with alternative
investment solutions that are not based off of traditional
benchmarks."
As the ETF has grown into a leading global investment vehicle,
the Canadian ETF market has remained at the forefront of the
industry. At year-end 2020, there were 794 ETFs listed that held
almost $250 billion in AUM.
For more information, including a full list of ETFs listed on
TSX, visit tmx.com.
For Market Closes: Media may pick up a feed from the TOC
(television operations centre) for all market close ceremonies. The
feed is named TSX Transmit 1 (HD-SDI) and is produced at the TMX
Market Centre and sent live to the TOC. To pick up the feed via the
Dejero network, please contact avservices@tmx.com. The client
feature video will begin playing on the TMX media wall at
approximately 3:59 p.m. ET and the
markets will close with the sound of a siren at 4:00 p.m. ET.
About TMX Group (TSX-X)
TMX Group operates global markets, and builds digital
communities and analytic solutions that facilitate the funding,
growth and success of businesses, traders and investors. TMX
Group's key operations include Toronto Stock
Exchange, TSX Venture Exchange, TSX Alpha
Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives
Clearing Corporation, and Trayport which provide listing
markets, trading markets, clearing facilities, depository services,
technology solutions, data products and other services to the
global financial community. TMX Group is headquartered in
Toronto and operates offices
across North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London and Singapore. For more information about TMX
Group, visit our website at www.tmx.com. Follow TMX Group on
Twitter: @TMXGroup.
This is not, and should not be construed as, an invitation to
purchase securities listed on Toronto Stock Exchange. TMX Group and
its affiliates do not endorse or recommend any of the referenced
securities. Please seek professional advice to evaluate specific
securities.
This news release is not intended to provide legal,
accounting, tax, investment, financial or other advice and should
not be relied upon for such advice.
SOURCE TMX Group Limited