$14M Bitcoin fund gets listed on Toronto Stock Exchange

posted about 2 months ago
A closed-end fund that aims to provide investors with exposure to bitcoin in a regulated asset class has listed on the Toronto Stock Exchange (TSX). Canadian investment manager 3iQ said The Bitcoin Fund, for which it originally filed a prospectus back in October, began trading on the TSX on Thursday. The fund works along the same lines as an exchange-traded product (ETP): investors purchase shares in the fund and receive exposure to changes in the underlying assets price over time.

Traditional investors can also use the fund as a vehicle to become more familiar with the asset class. Speaking on Thursday's news, MVIS Managing Director Thomas Kettner said listing on a mainstream exchange would "help to strengthen the status of digital assets as an asset class.”
Tags: bitcoin, news