Fri, March 29, 2024

Toronto Stock Exchange welcomes First Public Bitcoin Fund

Crypto trading and new opportunities

 

Recently, Canadian asset manager 3iQ has become the very first company to dispatch a reserve fund. The fund is attached to Bitcoin BTC on the Toronto Stock Exchange TSX. 3iQ takes care of the Fund’s investment and portfolio management. The firm started working on the market  way back in 2012. Moreover, it has recently announced the Bitcoin Fund has finished both its first sale of stock of units and its merger with 3iQ Bitcoin Trust. as a result which the Fund currently has 1,491,800 Class A Units. ‘The Bitcoin Fund’ recorded about 1.5 million Class A ‘QBTC.U’ shares on TSX on April 9. The store’s offers are right now trading for around $11 each.

Cryptocurrency market on Wednesday

The Class A Units will begin exchanging today on the Toronto Stock Exchange under the image QBTC.U.

Moreover, 3iQ Corp. remains the primary investment and portfolio manager of the Fund. The Fund’s main investment objectives are to provide owners of the units with:

  • Offers an introduction to the advanced cash bitcoin and the everyday price movements of the U.S. dollar cost of bitcoin and other currencies
  • Provides the open door for long haul capital appreciation.

On April 10, entrepreneur and crypto financial specialist Tyler Winklevoss tweeted that the Bitcoin Fund’s dispatch on TSX was memorable and historic as it may be ” the first public Bitcoin fund listed on a major stock market.”

The TSX is also the most significant stock trade in Canada with more than $97 billion in the month to month exchange. Besides, CryptoCompare and VanEck Europe auxiliary MV Index Solutions offer the cost lists that the stores use.

3iQ launches CAD stablecoin

3iQ  has been working on a project for quite some time already, with several partners. Furthermore, in February this year, 3iQ joined forces with Mavennet to launch a stablecoin pegged to the Canadian dollar that will be controlled by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) from June. In addition, the stablecoin, ‘QCAD,’ contains an ERC-20 token propelled on the Ethereum (ETH) blockchain.

 

 

 

YOU MAY ALSO LIKE

estee lauder

Quick Look: Estee Lauder (NYSE: EL) shares soared 6.2% on Thursday, hitting

crude - Saudi Arabia is voluntarily reducing oil production

Quick Look: WTI Crude Oil (CM: CL) finished $1.82 higher, closing at

xiaomi

Quick Look: Xiaomi unveils its sporty electric vehicle, the SU7, with a

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in