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By Fergal Smith and David Randall TORONTO - Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement. The OSC confirmed the approval in a separate statement to Reuters. "The ETF will be the first in the world to invest directly in physically settled Bitcoin, not derivatives, allowing investors easy and efficient access to the emerging asset class of cryptocurrency," Purpose Investments said. Investors have been able to trade bitcoin using futures contracts on the CME derivatives exchange. They can also buy closed-end investment funds, such as the Bitcoin Fund on the Toronto Stock Exchange . An ETF could offer ... » Learn More about Canadian regulator clears launch of world’s first bitcoin ETF – investment manager

For Quick Alerts Subscribe Now Under 'surveillance', claims Trinamool MP Mahua Moitra View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Russia Russia expels Western diplomats for attending protest for Kremlin critic #Russia US will not hesitate to raise cost on Russia: Joe Biden #Russia Indians can now travel to Russia #Russia Pakistan approves emergency use of Russia's Sputnik V COVID-19 vaccine #Russia India going ahead with induction plan for Russia S-400 systems despite US warning #Russia 'India pursues independent foreign policy': MEA on S-400 purchase from Russia Just In 56 min ago Rohtak firing: Delhi Police arrests main accused carrying bounty worth Rs 1 lakh 1 hr ago All over-70s urged to get COVID-19 jabs as United Kingdom nears vaccine target 1 hr ago Under 'surveillance', claims Trinamool MP Mahua ... » Learn More about Ready for split if EU imposes new sanctions: Russia

For Quick Alerts Subscribe Now Jaipur Literature Fest: Pavan K Varma highlight types of elements used in Indian Literature View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #United States As relations sink, China looks to reset ties with US #United States US willing to sit down for talks with Iran, other nations on nuclear deal #United States India a red-hot investment opportunity for its clean energy shift: US #United States US court seeks status report on visas to family members of H1-B holders #United States White House says US engaged in strategic competition with China #United States China downplays Biden's vow to confront it, says both countries can do 'big things' together Just In just now Kerala govt to withdraw cases against Sabarimala and anti-CAA protesters 28 min ago Tamil Nadu CM unveils portraits of three ... » Learn More about US senators to draft package to ‘outcompete’ China, invest in alliances like India