Balance, a newly-qualified crypto custodian, is targeting the repatriation of exchange-traded fund (ETF) assets currently held in the United States back to Canada. This move stems from the increasing demand for crypto asset custody solutions in the Canadian market, particularly in light of the regulatory landscape evolving to be more favorable towards digital asset investment. Balance aims to provide a secure and compliant infrastructure that will facilitate this transition for Canadian investors, ensuring adherence to local laws and regulations. The company's focus on regulatory compliance is likely to attract institutional investors who have been cautious about diving into the crypto space due to previous concerns regarding custody and security of digital assets. With this initiative, Balance also hopes to enhance Canada's standing as a competitive hub for cryptocurrency investments and custodial services, potentially leading to a shift in investment strategies for ETFs across the border.

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