Bitcoin ETF Battle in Canada Offers Latecomers to U.S. Race Hope
- Original Canadian Bitcoin fund is no longer largest by assets
- Gap between 3iQ CoinShares ETF, Purpose ETF widest since June
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Conventional wisdom saying the winner will take all in the race to launch a U.S. Bitcoin ETF is being debunked by action north of the border.
Canada and North America’s first exchange-traded fund tracking the cryptocurrency is trailing a competitor that launched two months later, according to data compiled by Bloomberg, with the asset gap between the two this month climbing to the widest since June.