3iQ’s Bitcoin Fund begins trading in Canadian Dollars

3iQ’s Bitcoin Fund begins trading in Canadian Dollars
2 years ago
2 mins read

3iQ Class A Units of The Bitcoin Fund is now trading in Canadian dollars on the Toronto Stock Exchange. In a statement, 3iQ announced that the Class A units will be represented by the ‘QBTC’ ticker. 

The fund acquires assets from reputable and regulated bitcoin trading platforms and OTC counterparties. According to the Canadian firm, the fund offers a convenient, secure alternative to a direct investment in Bitcoin. At the same, it delivers exposure to an alternative asset class with a low correlation to traditional investment models.

3iQ CEO Fred Pye expressed his delight with the resumption of trading for individuals investing in Canada. According to Pye:

“Finally, Canadian investors have the opportunity to trade The Bitcoin Fund in their native currency and through their locally dominated accounts, thus eliminating the interminable costs and albeit hassle of converting currencies.”

3iQ appoints new sales and trading head

3iQ further announced that Christopher Matta will be the company’s new managing director of Sales and Trading. Matta also serves as the president and founder of the Blockchain Association of New Jersey. 

The group advocates for innovative regulatory leadership and enterprise collaboration for the cryptocurrency space

3iQ is a Canadian investment fund manager with a focus on offering investors exposure to digital assets, disruptive technologies, and the blockchain space. 

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Justinas Baltrusaitis

Justin crafts insightful data-driven stories on finance, banking, and digital assets. His reports were cited by many influential outlets globally like Forbes, Financial Times, CNBC, Bloomberg, Business Insider, Nasdaq.com, Investing.com, Reuters, among others.