Kusama Parachain Auctions are Gearing Up, Leveraging Polkadots Technology


After a successful launch of its Shell parachain, the team will bring upgrades to the first fully decentralized, secure heterogeneously-sharded blockchain.
The First of it Kind
The Kusama team announced the next phases of their blockchain release via a blog post on 7 June. The first real-world parachain is set for a major upgrade and the Kusama team hopes to build a flourishing community with parachain slot auctions. Kusama Parachain has taken these innovative steps with the help of technology from Polkadot.

Just a week after the team released the initial shell, the roadmap for the next steps is awaiting approval by the Kusama Council. The Kusama Council is the de facto governing body that approves the direction of the project. The release is set to come gradually beginning on 15 June and is expected to be completed on 13 July with the 5th and final auction.
As a canary network of Polkadot, protection of the network increases with exposure. This will allow the protocol to function in the wild and properly develop. Cross-chain connections add exponential complexities and time in the open is a good way to find inefficiencies in the chain’s logic. There is a clear motivation to deploy the logic quickly to best protect Polkadot. As the first chain of its kind, careful steps are a wise approach.
From Shell to Full-Form
The Kusama team completed Statemine testnet last week, their version of Polkadot’s Statemint parachain. The Kusama team posted in a tweet that the Council moved forward with referendum 115 on June 3rd agreeing to fully upgrade the Shell parachain to Statemine.
The Shell originally released was not complete. As the name implies, it was meant to be filled and invigorated. The Kusama chain now supports important functionality to take their project to the next level. The team successfully started producing new blocks on the chain on June 1. The team plans for a rich and functional ecosystem of chains to emerge once the shell is fully supported.

Kusama has deployed this code gradually from Polkadot in a step-by-step manner so as to mitigate any chance of unpredictable surprises. The chain looks ready for evolution as the team cannot find any further technical impediments to parachain functionality that could stop the auctions. There is also an external audit of the chain’s logic underway by SR Labs (Parity’s chosen external auditor).
The chain has some exciting new features. First, it is now a low-cost place to hold and transfer the Kuasam token $KSM where the minimum balance and transaction fees are much lower than on their relay-chain. The platform can also transfer permissioned fungible assets (like non-algorithmic stable coins). It will also allow for permissionless creation, issuance, and transfer of both fungible assets and NFTs (non-fungible assets).

The XCM (cross-chain messaging) protocol will allow KSM to move without inhibitions between Kusama and Statemine. The same protocol opens Statemine to interaction with other parachains, one of the main attractions to the whole operation. This seamless connection across chains makes the Kusama protocol a trustless reserve to hold KSM and other assets as well.
How to Participate and get involved
The Kusama chain is unique in that it is not just a single, solitary chain. The heterogeneously-sharded blockchain can become a part of different chains and link together into a community. The Kusama team is hoping to create a community surrounded by its blockchain.
Kusama will begin participation with a set of auctions beginning 15 June and the path to participation will be different for each interested team. There will be five auctions over the next five weeks. Auctions will last for two days followed by a five-day end period.
The Auction Schedule, pending approval from Kusama Council:
- 06/15/2021 12:00 UTC: First Kusama Parachain Slot auction begins. Bids can be placed.
- 06/17/2021 09:00 UTC: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
- 06/22/2021 09:00 UTC: First Kusama Parachain Slot auction bidding ends. No bids can be made on this auction following this point.
- 06/22/2021 11:00 UTC: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
- 06/22/2021 12:00 UTC: Second Kusama Parachain Slot auction begins.
- 06/29/2021 12:00 UTC: Third Kusama Parachain Slot auction begins.
- 07/06/2021 12:00 UTC: Fourth Kusama Parachain Slot auction begins.
- 07/13/2021 12:00 UTC: Fifth Kusama Parachain Slot auction begins.
The team is giving notice a week in advance to allow the staking community time to unstake their KSM and prepare for the auction. Only bids in the initial two days will be considered in the final result. Bids made after the two-day limit will have a linearly reducing chance for consideration. Auction winners will be declared at random to the highest bidder during the closing period.
Final Thoughts
Vote for the next steps awaits approval from the Kusama Council. Kusama’s protocol is a risk-taking, fast-moving ‘canary in the coal mine’ network. The parachain venture is risky and complicated one however the potentials are enormous. Kusama is definitely a project to keep an eye on. For more information about how the Kusama infrastructure and cross-chain functionality works, Hypercube is making a series of five videos to explain. You can also learn about the Kusama parachain from the source itself.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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ConsenSys gives a breakdown of Layer 2 roll-ups, particularly ZK-rolls-ups and where the space is headed in the third Build section of the 2023 CMC Crypto Playbook

An Overview of Layer 2 Roll-ups
Over the past few years, Layer 2 (L2) rollup solutions have come to the forefront as activity on the Ethereum network has grown. Activity and engagement with non-fungible tokens (NFTs) and Decentralized Finance (DeFi) have caused a surge in Layer 1 (L1) blockchain activity. In turn, the demand for blockspace, represented by gas costs, has increased. And the time for transaction finality has risen due to the increased network load. Whilst the Ethereum Merge set the groundwork for future gas fee optimizations; it did not directly reduce transaction gas fees.
In the year between the summer of 2020 and the peak demand in the summer of 2021 gas cost in Gwei on the Ethereum network increased by up to 1300%. The need to make transactions fast and affordable spurred the creation of two primary forms of rollup: Optimistic and Zero-Knowledge (ZK).
Rollups help remove the computational demands on the Ethereum network by moving transaction processing off-chain, converting them into a single piece of data and then submitting back on Ethereum as a batch to reduce the associated cost and time. The big difference between the two is that Optimistic roll-ups utilize fraud proofs, whereas ZK-rollups rely on zero-knowledge proofs to verify changes to the main chain.
Optimistic and ZK-rollups: Fraud Proofs vs Validity Proofs
Fraud proofs bundle transactions off-chain and then repost them to the L1. After a bundle has been submitted on the L1 there is a challenge period, during which anyone can challenge the result of the roll-up by computing a fraud proof. Similarly, zero-knowledge proofs batch transactions off-chain and submit them as a single transaction. Where they differ is rather than assuming the transactions are correct initially, they use a validity proof to instantly prove whether the transactions are valid. Once the transactions have been confirmed as valid they are then submitted to the L1. This is how they derive their respective names - fraud proofs are where the transactions are checked retrospectively to see if there are any fraudulent transactions, whereas validity proofs are completed before the transactions are submitted to the L1.
Whilst there are prominent projects for both, they each come with their own respective benefits and drawbacks. Optimistic roll-ups have the advantage that fraud proofs are only required when there is an issue. This means they require less computational resources and are able to scale well. The trouble lies with the challenge period. A longer challenge period increases the likelihood that any fraudulent transactions are identified, however, it also means that users have to wait longer to withdraw their funds. For leading optimistic rollup solutions, such as Arbitrum and Optimism, this waiting period can last up to a week. Alternatively, ZK-rollups have the advantage of always reflecting a correct L2 state. Their drawback is that proofs are required for all state transitions, rather than solely when they are contested, which limits scalability. This is further compounded by the complex nature and early stage of the technology.
Despite their respective challenges, ZK-rollups are being heralded as the future for roll-ups. This is primarily due to the automatic generation of validity proofs increasing the security of the protocol, the significantly reduced time to withdraw due to there being no challenge period, and that ZK-rollups boast better data compression. For these reasons, we will hone in on the current state of the ZK-rollup space, the latest innovations, and what lies ahead in the future.

The ZK-Rollup Space
As we’ve discussed, ZK-rollups are predominantly in the focal point with players like zkSync, Starknet, Polygon zkEVM, and Scroll all raising large amounts of capital to develop their solutions despite only StarkNet having launched on mainnet ($780MM in total). Each of these projects has taken its own angle, differing primarily across their rollups data availability strategy and their proving algorithm. The data availability strategy determines where the state data of a roll-up is stored, on-chain storage has increased security but it uses up block space on the Ethereum network which reduces transaction throughput.
The proving algorithm is the means of generating a validity proof, which can either be STARK or SNARK. Both of these algorithms help developers to relocate computation and storage off-chain, in turn increasing scalability. They are also able to verify whether a user has sufficient funds and the correct private key without having to access the information itself, thus improving the security. You can read more about the technical differences here. STARKs have the advantage of offering more scalability, security, and transparency compared to SNARKs. But the drawback STARKS have is a larger proof size, which takes longer to verify, and that SNARKs comparatively only use 24% of the gas. Therein for both SNARKS and STARKS we have the tradeoff between speed and cost vs. scalability, security, and transparency. Whilst many different methods are being explored there is not yet a definitive answer as to the best way to set up a ZK-rollup. Each configuration brings respective benefits and many developers are still exploring the optimal choice or combination for their roll-up designs.
The Hurdles To Overcome
As we’ve discussed, ZK-rollups are still in development and there are various challenges that need to be overcome before blockchain users are able to reap their full benefits. Language compatibility is one such challenge; translating Ethereum Virtual Machine (EVM)-friendly programming languages, such as Solidity, into a custom-built language specifically optimized for ZKP can help boost their efficiency, but it brings with it adoption challenges for developers. For example, StarkNet is looking to solve this with Warp, a Solidity to Cairo (the language of StarkNet’s ZKP) language compiler that looks to automatically convert Solidity into Cairo. Using Warp removes the need for developers to rewrite their code in Cairo, making it a much smoother process.
Other challenges include the secretive nature of projects, with many going against the open-source ethos of crypto due to concerns over first-mover advantage and capturing a sticky userbase. Most ZK-rollups were first launched this year, highlighting the amount of work that is yet to be done in the space.
Lastly, whilst rollups (both optimistic and zero-knowledge) have the benefits of improved speed and cost, it tends to be at the expense of decentralization. This is due to the inherent need for sequencers, the actors batching transactions and committing proofs to the L1. All rollups currently need a centralized sequencer and use upgradeable smart contracts that are managed by a single entity. Because the space is still so early, a central focal point is typically required for quick fixes to bugs in the code. Add to that the projects aren’t open-sourced, creating another hurdle for community members to act as sequencers. Many projects have indicated that they plan to decentralize their sequencer functions in the future, but this will undoubtedly take additional resources and time.
Decentralization Plans
Launching a token and open-sourcing code will be the next steps for many of the projects seeking decentralization. Tokenization of these services to generate activity and decentralize the product is another area where we expect to see a myriad of different solutions cropping up as projects look to create the most scalable, decentralized and active L2 on the market. StarkWare and zkSync are both planning to launch a token and Polygon could potentially use MATIC to support Polygon’s zkEVM initiative. Token engineering on ZK-rollups is an even more nascent space than the optimistic roll-up technology and finding an effective and sustainable model can differentiate and boost adoption.
The Future
zkEVMs are still in their very early stages and the race is on to launch on mainnet. StarkNet has the first-mover advantage but still has challenges with regard to supporting Solidity features due to the use of Cairo, leaving room for competitors to make improvements. The projects that are able to amass significant user bases will attract Decentralized Applications (Dapps) developers, in turn bringing more dapps to their platform and increasing the feature set. ConsenSys’ zkEVM is currently moving to testnet and are focussing specifically on dapp developers for this reason, leveraging tools like MetaMask, Infura and Truffle so that they can deploy and manage applications as if they were directly using Ethereum.
And whilst we have discussed the current players in the zkEVM market, other predominant rollup solutions like Polygon, Optimism, and Arbitrum still command a significant market share. As zkEVM solutions mature, we may see these projects look to transition to validity proofs or hybrid solutions, leveraging their existing user bases to attract dapp development and maintain their market dominance. In the end, the many rollup solutions (and the increased competition between them) will continue to improve the web3 user experience and introduce platforms for applications to onboard the next generation of users.
Given these threats, we’re not surprised at the secrecy of projects in the space, but we believe the true winner will be able to leverage the efficiency of ZK-rollups and combine it with a seamless developer and user experience to come out on top.
This is a guest post from CoinMarketCap with Consensys and has been edited for style. The original article was published here and was also included in the third Build section of the 2023 CMC Crypto Playbook.
What is CoinMarketCap:
CoinMarketCap is the world's most-referenced price-tracking website for digital assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, and accurate information for drawing their own informed conclusions.
Where to find CoinMarketCap:
Website | Twitter | Telegram | LinkedIn |
What is ConsenSys:
ConsenSys is a leading Web3 software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite includes Infura, Quorum, Codefi, MetaMask, Truffle, and Diligence.
Where to find ConsenSys:
Website | Twitter | Discord | LinkedIn |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Pi Network Debuts New PiOS Software Licensing Program Together With Hackathon

PiOS is a new open source software program that encourages developers to create and use open-source applications and tools within the Pi ecosystem. The software also allows developers to apply and work on other developers' contributions.
Pi Network Open Source Software License Program
Pi Network debuted its Pi Open Source (PiOS) License program at the hackathon launch to encourage developer collaboration and build its large ecosystem. The initiative enables developers to share their code while building valuable applications on the blockchain.
The protocol’s PiOS license ensures that developers create and utilize open-source applications and tools within the Pi ecosystem. In a press release shared with BSC News, the team stated that the licensing framework would ensure developers collaborate to develop unique applications on Pi Network.
“This unique licensing framework allows community developers to build on the contributions of one another, leveraging crowd wisdom of the large community. By consolidating community developers’ collective knowledge and building efforts, Pi Network aims to facilitate diverse ideations and executions to create a robust ecosystem of apps and utilities for the Pi community members,” the statement read.
The initiative enables developers to build on works created by others. Through the collective effort of developers, Pi Network aims to combine unique ideas to generate a robust ecosystem of valuable applications. One of the founders of Pi Network, Dr. Nicolas Kokkalis, also shared his thoughts about the initiative.
“Since Pi’s inception, we have always encouraged cross-collaboration. Through PiOS we hope to enable developers who wish to share their codebase with the community to do so, and also invite contributions to their code from other community developers,” said Dr. Nicolas Kokkalis. “Our hope is that by allowing Pi Community Developers to create open source applications and tools for the Pi Ecosystem, the community will continue to flourish and encourage others to build as well.”
Developers have access to the code repository licensed by other Pi community developers under the PiOS license. Further, developers receive Pi rewards as encouragement for contributing their code to the repository and making their work available to one another.
The Pi hackathon commenced on January 9th and will end on February 28th. The event invites participants to build apps across three themes: Social Media, GameFi/Entertainment, and Consumer Utilities. As of publication, over 4200 participants have registered for the event. BSC News has an article HERE for users interested in building on the blockchain. You can also visit the Pi hackathon page for more information.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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BNB Chain Partners with CyberConnect for Global Hackathon: Connected 2023

Global hackathon begins immediately with judges and mentors from major Web3 projects assisting in the production.
Connected 2023 Global Web3 Hackathon
BNB Chain has announced a partnership with CyberConnect to launch a social Web3 hackathon.
The hackathon will take place from Feb 7 - March 13, according to a press release shared with BSC News. Applications to participate will remain open until February 20. The hackathon begins with immediate effect featuring over $50,000 in prizes available, project support, and more.
“Connected 2023 aims to empower a new generation of innovators by helping them bring their Web3 social ideas to life and then to market. With this event, BNB Chain and CyberConnect will empower passionate builders to kick start their journey and grow their hacks into fundable protocols," said Wilson Wei from CyberConnect.
The hackathon will have an array of ways for participants to get involved, ranging from individualized workshops, developer info sessions, team-matching sessions, and more.
The event features cosponsors Notifi, Lit, Livepeer, and XMTP plus mentors and judges from major names like Animoca Brands, Multicoin Capital, StepN, and Binance.
Interested projects can apply here.
BNB Chain is also running a concurrent developer competition called Game Jam. Running during the entire month of February, Game Jam is a healthy competition to develop social games where projects can compete for similar incubation support as the CyberConnect 2023, however, it is more specific to BNB Chain.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is CyberConnect:
CyberConnect is a decentralized social graph protocol with identity self-sovereignty and network effects. It enables users to create profiles on BNBChain as the anchor of users’ decentralized identities. Profile owners can travel across dApps seamlessly without worrying about recreating their network on every new platform. With CyberConnect, users own their social graph, content, monetization channels, and more social data. Link3.to for example is built on CyberConnect and has more than 1,100 verified organization clients, 23k users’ all-in-on link profiles, and 200k monthly active users issued more than 1m social-related transactions on BNB Chain.
Where to find CyberConnect:
Website | Twitter | Discord | GitHub |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Core DAO Discuss the Current State of Mainnet and Warns Against Scam $CORE

Core DAO warns users to beware of scam $CORE tokens ahead of the upcoming airdrop on February 8th.
Core DAO Release $CORE Market Information Ahead of Airdrop
The $CORE airdrop is scheduled for February 8th at 12 PM UTC. Ahead of the notable milestone in its development, the team has published details about the airdrop, including important mainnet information for the community.
In preparation for the airdrop, Core DAO published a Twitter thread on February 7th to educate users about the coin. The Satoshi Plus consensus protocol warned users to note illicit $CORE tokens launched on several platforms. The team stated that the airdrop would allow scammers to deceive Core enthusiasts.
Time for a look into the current state of mainnet, market formation, and safety 🧵👇
— Core DAO (@Coredao_Org) February 7, 2023
Core mainnet is live, and users are urged to visit Core DAO’s official sources for more information about the airdrop to avoid scams.
While the airdrop will create liquidity for $CORE, market volatility is inevitable. To regulate the difficulties in the market, top-tier market makers and exchanges support legitimate early market $CORE formation.
“The liquid $CORE markets will open around the same time as the Feb 8th airdrop. In the coming days, $CORE transactions from Core DAO’s public reserve multi-sig will be executed to get CORE tokens to partner market makers so that liquid markets exist when the airdrop occurs,” Core wrote. “Having legitimate $CORE token markets available when the airdrop occurs will allow for safer, faster, and more accessible trading for Core users.”
Once the airdrop is complete, users can participate in the network’s development by staking. You can learn how to stake on Core DAO HERE. Also, read our article on the benefits of supporting Core’s aspirations through staking.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Let's take a look at five different ways to diversify your portfolio and get exposure to Bitcoin in a regulated environment.
Exposure to Bitcoin in traditional markets is a great way to diversify portfolio investments and bring the big potential of Bitcoin to your portfolio within a regulated environment.
There are a growing number of ways to invest in Bitcoin in the traditional markets and in this article, we will take a quick look at five different investment opportunities available.
Let’s take a look!
Five Bitcoin-Related ETFs
Grayscale Bitcoin Trust (GBTC):

The Grayscale Bitcoin Trust is one of the first Bitcoin ETFs available to US investors. It provides exposure to Bitcoin through a publicly traded trust. However, it is also known for its premium pricing, which can make it more expensive than other Bitcoin investment options, and this pricing has also led to some controversies.
GBTC recently traded at $11.80 USD.
Where to find Grayscale:
Website | Twitter | LinkedIn | Bitcoin Trust |
Purpose Bitcoin ETF (BTCC):

BTCC is a Canadian ETF that provides exposure to Bitcoin through a passively managed portfolio of the cryptocurrency. The team at Purpose Investments brings investors a low-cost and efficient vehicle to invest in Bitcoin. Purpose is a technology-driven firm that always aims to change and meet the status quo.
BTCC recently traded at $4.49 CAD.
Where to find Purpose Investments:
Website | Twitter | LinkedIn |
Evolve Bitcoin ETF (EBIT):

The second Canadian ETF on the list is from Evolve. The team at Evolve supports investors with exposure to the price movements of the cryptocurrency and also offers liquidity and transparency through a regulated company.
EBIT.TO recently traded at $11.53 CAD.
Where to find Evolve ETFs:
Website | Twitter | LinkedIn |
First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT):

The First Trust SkyBridge Crypto Industry and Digital Economy ETF is an investment fund from the team at First Trust Portfolio with the objective to provide investors with capital appreciation. The Fund pursues its investment strategy primarily by investing in Bitcoin futures and has exposure to companies like Microstrategy and Coinbase.
CRPT recently traded at $4.98 USD.
Where to find First Trust Portfolios:
Website | Twitter | LinkedIn |
3iQ Bitcoin ETF (QBTC):

This is another Canadian-listed ETF with exposure to Bitcoin that invests directly in cryptocurrencies. 3iQ aims to provide investors with simple and efficient ways to invest in Bitcoin while maintaining all the benefits of a regulated environment. 3iQ also offers several other ETFs related to digital assets like Ethereum and more general funds.
QBTC.TO recently traded at $31.59 CAD.
Where to find 3iQ:
Website | Twitter | LinkedIn |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%