Not everyone knows, but before the launch on the US stock exchanges of the new ETFs on Bitcoin spot, similar derivative products were already available in Canada.
Indeed, on the Toronto Stock Exchange, Bitcoin spot ETFs made their debut at the beginning of 2021, that is, three years ago.
Even at the time it was a real boom, compared to the trading volumes of other stocks on the Toronto Stock Exchange, but it stopped at 165 million dollars.
Instead, when they made their debut on the US stock exchanges on January 11th of this year, the total daily volume exceeded 2 billion dollars.
After all, there is no comparison between the US stock exchanges like Nasdaq and NYSE, and the TSX (Toronto Stock Exchange).
The price of Bitcoin
Interestingly, however, the price of BTC when the first ETFs on Bitcoin spot landed on the Toronto Stock Exchange in Canada were similar to current ones, because Bitcoin was hovering just above…
