Active ETF on NASDAQ - not available to Canadians

[KinAlberta]

I was looking at valx. It is "offered only to United States residents".  So I assume such "active ETFs" are, or are treated, more like mutual funds than standard tradable ETFs.  Does anyone know much about how these work?

[matts]

Someone will correct me if I am wrong, but I think that phrase concerns primary offering of shares (new shares created by the custodian). As long as it's traded on NASDAQ you should have no problems buying it in the secondary market (off someone else).

[KinAlberta]

On my valx example, I see it trading and volume bouncing around on google finance but can't bringing it up on my trading accounts (neither registered nor non-registered accts.).