From LeapRate —
Two excerpts from the LeapRate article —
Canada’s Ontario Securities Commission (OSC) has recognized that Bitcoin is a legitimate market, trading in millions of dollars per day in a host of exchanges. For that very reason, it has reversed a prior decision and given a green light for a Bitcoin Fund IPO, which will offer participations to retail investors. With this simple action, Canadian officials have leapfrogged past the Securities and Exchange Commission in the United States, which has steadfastly resisted every Bitcoin ETF application to come along.
In any event, the clock is now ticking. Soon Canadian retail investors will be able to buy Bitcoin from a public fund without the hassle of dealing with an exchange, storing private keys, or worrying about custodial arrangements in the background. Hopefully, the SEC is watching what has just transpired across New York’s northern border.