Bitcoin ETFs were launched in Canada in February 2021, making them the first in the world.
That led to billions of dollars of inflows from investors who wanted exposure to the original digital currency. But when US bitcoin ETFs were approved earlier this year, some investors began to reconsider their Canadian crypto investments.
Canadian bitcoin ETFs have seen C$578 million (about R7.3 billion) in net outflows so far through 13 December, according to data compiled by TD Securities.
Crypto ETFs are the only ETF category in Canada to see outflows this year, while US bitcoin ETFs have seen a $36 billion (nearly R650 billion) in inflows through 16 December.
Denne historien er fra December 19, 2024-utgaven av The Citizen.
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Denne historien er fra December 19, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Kwena a huge talent
WALTER: MUST ALLOW YOUNG FAST BOWLER SPACE TO THRIVE AND GROW
Bulls shake up their loose trio
The Bulls are hoping to use the learnings they picked up in two Champions Cup defeats over the past two weekends, to help them get a win over a Springbok-laden Sharks in their United Rugby Championship (URC) clash at Kings Park in Durban this evening (kick-off 6pm).
Sacha ready to put in a big shift
URC: FOCUSED ON HELPING WITH A STORMERS REVIVAL
Aussie feel to two French Top 14 clubs
La Rochelle host Clermont in the French Top 14 today with an Australian feel to both clubs' hefty second rows.
Lions place strong focus on tightening up their defence
The Lions will be looking to shore up their leaky defence when they take on the Stormers in their United Rugby Championship (URC) match-up at the Cape Town Stadium today (kick-off 3.45pm).
Sharks must get bite back
The Sharks are aiming to bounce back in their United Rugby Championship (URC) encounter against the Bulls at Kings Park in Durban today (kick-off 6pm), after a disruptive week.
India hold the whip hand in world cricket
Pakistan's loss of several Champions Trophy matches underlines India's dominance of cricket - and that \"stranglehold\" could tighten with an Indian now heading the global governing body.
Fourie to call the shots
STORMERS: VETERAN NAMED SKIPPER AS KEY STARS RETURN TO FACE LIONS
Konstas drawn into Aussie mix
CHANCE: TEENAGE OPENER IN SIZZLING DOMESTIC FORM
Retiring Ashwin is one of the 'all-time greats'
Spinner Ravichandran Ashwin (below) will go down as one of India's greatest players after retiring from international cricket this week aged 38.
