Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto

14 Apr 2020

Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto

Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on the exchange.Currently trading under the name, "The Bitcoin Fund," the offering has around 1.5 million Class A "QBTC.U" shares available on the Toronto Stock Exchange, or TSX. At press time, each share is trading for around $12. The price indexes being used by the fund are from crypto data company CryptoCompare and VanEck Europe subsidiary MV Index Solutions. 3iQ is serving as the fund’s investment and portfolio manager.

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