Canadian fund manager to list Bitcoin fund on major stock exchange

posted 9 months ago
Canadian investment fund manager 3iQ received initial approval on its road to launch a closed-end Bitcoin fund on the Ontario Stock Exchange later this quarter. It received a favorable ruling before a panel of the Ontario Securities Commission (OSC) for the Bitcoin Fund.

“We have addressed the questions of pricing, custody, audit, and public interest issues in a regulated investment fund. We intend to refile the prospectus as soon as possible,” CEO Fred Pye said. 3iQ claims its entrant is “the first regulated, major exchange-listed” Bitcoin fund in the world – the caveat being other firms that launched similar products are unregulated or on smaller exchanges.
Tags: bitcoin, news