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3iQ to Launch Canada’s First Bitcoin Investment Fund

From investingnews.com

On Thursday (November 28), 3iQ filed its prospectus to launch Canada’s first bitcoin investment fund. Following approval from the Ontario Securities Commission (OSC) in late October, 3iQ announced that it will launch The Bitcoin Fund by way of an initial public offering of Class A and Class F units at US$10 each in a closed end fund. “We look forward to offering retail investors exposure to this exciting new asset class within registered and traditional investment accounts,” said Howard Atkinson, chairman of 3iQ, in a press release. Initially, the fund was rejected by the OSC as regulators scrutinized the viability ... (full story)

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