The Ontario Securities Commission has just approved the second Canadian bitcoin ETF on Tuesday just days after approving the Purpose Bitcoin ETF on February 12.
The approval by the Canadian regulator of two bitcoin ETFs has increased optimism that the US Securities and Exchange commission will finally approve a similar vehicle in the US. Several firms have filed, but have so far failed to gain approval, for a bitcoin ETF in the past, with the SEC typically citing security concerns.
Two low priced Canadian stocks that are poised to benefit greatly from the Canadian crypto boom are Currencyworks Inc – CRWK and Digihost Technology Inc – DGHI (HSSHF on the Over-the-counter exchange)
Digihost Technology Inc. operates as a blockchain technology company. It has operations in cryptocurrency mining for its own account, as well as providing hosting services to cryptocurrency mining customers.
CurrencyWorks Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. It offers services in connection with development of platform using block chain technology, including the business development and technical; business launch; and post-business launch support services.